The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy. However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, #Zomato is way ahead of Swiggy in the going-out segment. Given this, and the fact that #Swiggy has hefty losses on the books along with a high valuation – will the foodtech major be able to replicate Zomato’s success on the bourses? Let us know your thoughts in the comments! #ipo #quickcommerce #delivery
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The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, #Zomato is way ahead of Swiggy in the going-out segment.
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The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, hashtag #Zomato is way ahead of Swiggy in the going-out segment.
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Food delivery giants Zomato and Swiggy have increased their platform fees by 20%, from Rs 5 to Rs 6 per order, in Delhi, Mumbai, and Bengaluru. While Zomato is already profitable, the increase in platform fees will help Swiggy improve its profitability goals, especially as it targets an IPO launch soon. The two companies introduced platform fees last year, initially at Rs 2 per order, which has been gradually increased. Several users took to X to share their reactions to the latest hike. "Haha jugalbandi :) continue!!!" a user wrote. "What do the consumer,vendor and delivery partner gets in return?" anther asked. "Swiggy gets 30% from resturants also they have a mark up on the food. No they are just looting. We stopped ordering," a third criticised. Read the full story here: 👇 https://lnkd.in/dEk7t5Wh #zomato #swiggy #bengaluru #delhi #mumbai #food #delivery #indianstartupnews
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Food delivery giants Swiggy and Zomato have reportedly increased their platform fees to INR 6 per order in key markets such as Delhi and Bengaluru, according to a report by ET. This move is aimed at enhancing their take rates and boosting overall revenues and profits. Zomato initially introduced a platform fee of INR 2 per order, followed by Swiggy's 'collection fee'. Zomato's shares saw a rise of over 2% to INR 226.97 in early trading on Monday. The company has already raised its platform fee twice this year, first to INR 4 per order and subsequently by 25% to INR 5 per order in April. Meanwhile, amid speculation, Swiggy denied rumors of doubling its platform fee from INR 5 to INR 10 ahead of its planned IPO. Swiggy has implemented the increase, showing it as a discount from INR 7 to INR 6 at the checkout page. Platform fees are mandatory charges applied to orders, separate from GST and restaurant fees, even for users subscribed to Zomato Gold or Swiggy One. These subscriptions typically waive delivery charges. This fee adjustment follows Zomato's recent platform update allowing users to delete past orders from their app history, as announced by CEO Deepinder Goyal in a tweet last week. #Zomato #Swiggy #FoodDelivery #Online #FoodOrdering #PlatformFees #CollectionFees #AppEnhancements #AllBoutCorps
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Swiggy versus Zomato: The Epic Showdown in the Indian Food Delivery Arena! 🍽️📈 The FY24 financial showdown between Swiggy and Zomato highlights how these two giants shape India's food delivery landscape. Despite Swiggy generating ₹11,247 Cr in revenue, Zomato comes ahead with ₹12,114 Cr, and even posts a net profit of ₹351 Cr! Swiggy, on the other hand, is still in the red with -₹2,350 Cr in net losses, despite commanding a healthy 24,700 Cr gross order value. Both platforms have similar Average Order Values (₹428), but Zomato’s broader reach—700+ cities and 2.47 lakh restaurant partners—gives it an edge over Swiggy’s presence in 653 cities with 1.96 lakh partners. Zomato's higher monthly active users (18.4M) compared to Swiggy’s 12.7M further demonstrates its wider user base and market dominance. What stands out is the EPS: ₹0.41 for Zomato versus a negative ₹-8.6 for Swiggy. The numbers tell a clear story—Zomato is growing profits while Swiggy continues to invest heavily for future growth. The competition is intense, but it’s far from over! #zomato #investment #finance #swiggy
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Swiggy's Milestone Achievement: ₹11,247 Crore Revenue in FY24 Exciting news from the food delivery and quick-commerce sector! Swiggy has recorded a 36% jump in its operating revenue, reaching an impressive ₹11,247 crore in FY24. This growth underscores the rapid expansion of the online delivery market in India and Swiggy's ability to innovate and stay competitive. Key Highlights: Food Delivery Growth: Swiggy's food delivery business saw a 17% rise, generating ₹6,100 crore. Quick-Commerce vertical: Instamart, Swiggy's quick-commerce vertical, contributed ₹1,100 crore gross revenue, marking a significant presence in this fast-growing space. Market Rivalry: The competition between Swiggy and Zomato remains fierce, with both platforms vying for dominance in food delivery and grocery delivery segments. Zomato reported ₹12,114 crore revenue in FY24, including ₹6,161 crore from food business & ₹2,301 crore from Blinkit, its quick-commerce venture. While Swiggy's growth trajectory is commendable, profitability remains a challenge, contrasting with Zomato, which reported a net profit of ₹351 crore. The quick-commerce space is heating up, with players like Blinkit, Zepto, and bigbasket.com competing for market share. It's a fascinating time for the food delivery industry, as companies focus on refining their operations and delivering more value to their customers. Source: Financial Times #Swiggy #Zomato #QuickCommerce #ECommerce #RevenueGrowth #DigitalTransformation #Leadership
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Swiggy, one of India's top food and grocery delivery platforms, has launched its IPO with an issue price between Rs 371 and Rs 390 per share, aiming to raise around Rs 11,327 crore. This offering consists of Rs 4,499 crore in fresh shares and an offer-for-sale from existing shareholders worth approximately Rs 6,828 crore. The IPO is seen as an opportunity for investors to tap into India’s fast-growing digital economy, particularly in sectors like food delivery and quick commerce, which Swiggy dominates alongside its competitor Zomato. Swiggy has positioned itself with multiple revenue streams, including its core food delivery business, which has recently reached positive EBITDA, and Instamart, its quick commerce platform that shows significant improvements in contribution margins. The company’s CFO and leadership highlighted Swiggy’s “strategic moat,” driven by its strong customer base, innovative service offerings, and increasing user engagement. Instamart, in particular, has shown aggressive growth, with delivery times cut to 12 minutes in some regions, responding to the rising demand for ultra-fast convenience. In terms of future outlook, analysts see potential for growth but also challenges in the competitive landscape. While Swiggy has seen steady growth in gross order value and consumer spending per user, it faces competition not only from Zomato but also from grocery retailers like D-Mart. The stock’s limited grey market premium of Rs 15 per share reflects cautious investor sentiment due to market volatility, though Swiggy’s valuation is considered reasonable by some analysts when compared to peers. In summary, Swiggy’s IPO presents a chance for investors to be part of India’s expanding e-commerce landscape, though long-term success will depend on continued improvements in profitability, competitive differentiation, and scalability in the quick commerce segment. #Swiggy #IPO #Share
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📢 Swiggy vs Zomato: The Battle for Your Next Meal - Who Are You Choosing? 🍽️ The Indian food delivery market is dominated by two giants: Zomato and Swiggy. With both platforms competing fiercely, every new feature, discount, or service expansion keeps customers and investors watching closely. 👉 Zomato: Known for its restaurant discovery roots, it has evolved with cloud kitchens, Zomato Pro, and even international expansion. Higher Average Revenue Per User and larger restaurant partnerships give it a strong edge in core food delivery, making it a favorite for long-term investors. 👉 Swiggy: Starting with food delivery, Swiggy has diversified into grocery delivery (Instamart) and local errands (Swiggy Genie). Its efficiency in customer acquisition and emphasis on quick commerce provide unique advantages, but profitability remains a challenge. Both companies face ongoing competition and regulatory pressures but are well-positioned as consumer demand rises. While Zomato has shown impressive revenue growth, Swiggy’s efficient customer acquisition strategy keeps it in the game. 💼 Investment Insight: Zomato’s focus on revenue and high-margin services makes it a more compelling long-term choice, but Swiggy’s diverse services continue to attract a broad customer base. Stay tuned for an in-depth breakdown on the future of food delivery in India! #SwiggyVsZomato #FoodDeliveryBattle #InvestmentAnalysis
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Swiggy Narrows Losses by 44%, Battles Zomato India in FY24 Revenue Race🍔 Swiggy reported a total revenue of ₹11,247 crore in FY24, marking a 36% increase from the previous fiscal year. The company’s food delivery segment generated ₹6,100 crore, showing a 17% year-on-year growth. Meanwhile, Swiggy’s quick-commerce vertical, Instamart, contributed ₹1,100 crore, accounting for 23% of its overall revenue. Swiggy successfully reduced its losses by 44%, bringing them down to ₹2,350 crore by the end of FY24. The company’s gross order value (GOV), spanning food delivery, Instamart, and dining services, reached ₹35,000 crore. Swiggy’s growth was driven by its 14.3 million monthly transacting users, reflecting increased demand across its platforms. instamart expanded rapidly during the year, benefiting from the introduction of more dark stores and premium offerings, which helped boost the average order value (AOV). In comparison, Zomato reported ₹12,114 crore in revenue for FY24 and achieved a net profit of ₹351 crore. Despite Swiggy’s strong performance, it continues to operate at a loss, unlike its rival Zomato, which posted profitability. Looking ahead, Swiggy is preparing for a public listing, with plans to raise between ₹8,400 crore and ₹10,000 crore through its upcoming IPO. ⭐ Blinkit had the highest market share among quick commerce players as of July, according to con- sulting firm USB. Swiggy instamart was in the second position, followed by Zepto and bigbasket.com. (LiveMint)
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"India's Convenience craze" Well, Zomato dropped off its results on the 22nd and wow, just crazy numbers continue! Zomato and Blinkit together did Rs. 16k Cr of food & Grocery delivery in just one quarter. I tried calculating the overall market size and here's the numbers I arrived at 👇🏻 1️⃣ Every year, India orders $8 billion of Food online! With the market still growing nearly 5% On every Food delivery, Zomato & Swiggy gets commission of roughly 25%, which is their revenue. And obviously the newly introduced Platform fees on every order adding to the bottom line of the company! Zomato alone earned 83 Cr from the platform fees last year. The current 6 months earning from platform fees is already 128 Cr for the company! 👉🏻 Eating outside food was a special occasion in Indian households but now it's all convenience driven! 2️⃣ Every year, India orders again $8 billion of Groceries and related products through Quick commerce channel! With the market growing above 25% 👉🏻 Who would have thought things can get delivered in just 10 minutes actually! But now that's possible with the magical dark stores, smart tech and 3 lakh+ delivery partners 🤯 Umm, Convenience at peak or the new normal way to manage busy life? 😅 #qcommerce #convenience #zomato #swiggy Zomato | Swiggy | Zepto | Flipkart | Blinkit | Albinder Dhindsa | Deepinder Goyal
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2moIt's definitely intriguing how the conversation is so heavily centered around Zomato and Swiggy, almost creating a false sense of duopoly. With ONDC gaining traction and enabling local players to compete on a larger scale, the dynamics of the food delivery market could change significantly. Smaller businesses now have a real shot at competing without relying on the major platforms, which could lead to more competitive pricing and better customer experiences. It’s exciting to think about how much the landscape might evolve in the coming years as ONDC scales up!