CosmicTaco

Zomato Gains Market Share in South, Challenging IPO-bound Swiggy

CosmicTaco · 2024-08-01T23:40:07.545808+05:30

- Zomato's market share in India's food delivery sector has risen to around 55 percent, according to various brokerage firms. - Swiggy, which once dominated with a 52 percent market share in 2020, has seen its share fall to 45 percent. - Zomato's management reported a significant increase in market share in Southern cities during an earnings call. - The company attributes its success to early investments in non-metro cities, despite initial concerns about profitability. - This shift comes as Swiggy prepares for its initial public offering, facing increased competition from Zomato. Source: Moneycontrol

Zomato's market share in India's food delivery sector has risen to around 55 percent, according to various brokerage firms.
Swiggy, which once dominated with a 52 percent market share in 2020, has seen its share fall to 45 percent.
Zomato's management reported a significant increase in market share in Southern cities during an earnings call.
The company attributes its success to early investments in non-metro cities, despite initial concerns about profitability.
This shift comes as Swiggy prepares for its initial public offering, facing increased competition from Zomato.

Source: Moneycontrol

9mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion9mo

by CosmicTacoGrapevine

Zomato Outpaces Swiggy in July, Gains Market Share

Zomato grew faster than Swiggy in July, with a 29% YoY increase compared to Swiggy's 11%, according to UBS analysts.
Zomato's MoM order growth was 1.6%, while Swiggy saw a 4.6% decline, leading to increased market share for Zomato. -...

News Discussion7mo

by CosmicTacoGrapevine

Swiggy Sponsors Shark Tank, Ousts Zomato CEO

Swiggy is set to sponsor Shark Tank India Season 4, ousting Zomato CEO Deepinder Goyal from the show.
This move highlights the escalating rivalry between the two food delivery platforms.
Swiggy's proposed ₹5,000 crore IPO...

Indian Startups14mo

by SillyDonutTCS

Swiggy valuation $15B ++

Food tech market is 50B+ ( duopoly)

Most of my friends use swiggy for everything like food, groceries and dine out.

They say Zomato sucks in ui ux and 3rd grade restaurants are there at Zomato, swiggy is better at offers and quality re...

News Discussion7mo

by CosmicTacoGrapevine

Zomato Plans $1 Billion Raise Ahead of Swiggy's IPO

Zomato's board approves a $1 billion share sale to institutional investors.
This move comes just before rival Swiggy's public debut, aiming to raise about $1.4 billion.
Analysts suggest Zomato's strategy could be to reduce foreig...

9 minute ⏱
AI Interviews

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help

Zomato Gains Market Share in South, Challenging IPO-bound Swiggy

Talking product sense with Ridhi

You're early. There are no comments yet.

Zomato Outpaces Swiggy in July, Gains Market Share

Swiggy Sponsors Shark Tank, Ousts Zomato CEO

Swiggy valuation $15B ++

Zomato Plans $1 Billion Raise Ahead of Swiggy's IPO

9 minute ⏱AI Interviews

9 minute ⏱
AI Interviews