Yashvardhan Tomar’s Post

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MBA SIIB Pune '26 | Member: Kshitij- Institute Social Responsibility Committee

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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Utkarsh Narnaware

SIIB-MBA ’25-Marketing (IB) | Caratlane-A Tanishq Partnership | Weikfield | Myntra | 5X LinkedIn Top Voice | Symbiosis | Delhi University | FMCG | E-commerce | Market Research | Brand Management | GTM Strategy |

3mo

That’s a impressive milestone for Swiggy, reflecting the dynamic nature of the quick-commerce and food delivery markets in India. It will be interesting to see how they tackle the profitability challenge while continuing to innovate in this competitive landscape. Good share Yashvardhan

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