🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Swiggy beats Zomato in food delivery race but lags in quick commerce

VCCircle

VCCircle · 11m ago

Swiggy beats Zomato in food delivery race but lags in quick commerce

Swiggy's annual report revealed that its revenue from operations increased by 36% to Rs 11,247 crore in the fiscal year ending March 2024. However, a closer look shows that its revenue from core food delivery operations rose to Rs 6,372.3 crore, slightly trailing behind Zomato's Rs 6,161 crore. Swiggy's quick commerce business, Instamart, generated around Rs 1,100 crore in gross revenue, while Zomato's BlinkIt reported Rs 2,301 crore. Despite this, Swiggy's net loss decreased significantly. The company attributed the improvement in profitability to the scaling up of the food delivery business and the maturity of Instamart.

1

Related News

Blinkit enters 10-minute food delivery space with Bistro app

Economic Times

Economic Times · 8m ago

Blinkit enters 10-minute food delivery space with Bistro app

Blinkit, owned by Zomato, has introduced a separate app called Bistro for 10-minute food delivery in Gurugram. The platform offers a range of snacks, meals, desserts, and beverages. The move follows the trend of quick commerce platforms expanding into ultra-fast food delivery. Zomato had initially experimented with 10-minute delivery but discontinued it. Competitors Swiggy and Zepto also offer similar services. While quick commerce is growing, food delivery still contributes the most to Zomato's revenue. Last month, Zomato raised funds to expand its quick commerce business.

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?

Livemint

Livemint · 8m ago

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?

The Indian food delivery market is currently dominated by Swiggy and Zomato, with the two companies controlling nearly the entire sector. Swiggy recently had its much-anticipated IPO, but its stock performance has been lackluster compared to Zomato. Both companies are grappling with questions around growth, revenue potential, and profitability. The Indian food delivery market is on a strong growth trajectory, but achieving sustained profitability remains a challenge due to thin margins and high costs. Additionally, the emergence of quick commerce (Q-commerce) has become a hot topic, offering new opportunities and challenges in grocery delivery. Investors should closely monitor the performance of Swiggy and Zomato, considering the potential for long-term growth but also assessing the risks involved.

Ola Consumer takes another go with quick food delivery, pilots Dash

YourStory

YourStory · 7m ago

Ola Consumer takes another go with quick food delivery, pilots Dash

Ola Consumer has launched Dash, a 10-minute food delivery service, in Bengaluru. The feature is currently available with restaurants like EatFit. This marks Ola Consumer's entry into the quick food delivery category. The company had previously launched a quick commerce offering called Ola Dash, but it was shut down in June 2022. Other players in the quick food delivery segment include Zepto, Swiggy, and Zomato. The growing demand for quick deliveries has extended beyond food to categories like apparel and electronics.

Zomato, Swiggy And The New Shades Of Food Delivery

Inc42 · 1y ago

Zomato, Swiggy And The New Shades Of Food Delivery

Food delivery in India, particularly outside of metros and cities, is facing slow growth as quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart gain popularity. The availability of ready-to-eat products and groceries on these platforms has impacted the food delivery business. Zomato's food delivery gross order value declined quarter-on-quarter, while quick commerce saw significant growth. Both Zomato and Swiggy are relying on platform fees to increase their take rate, but the future growth for food delivery depends on the growth in the restaurant business and attracting new customers. Despite the challenges, Zomato aims to optimize profits and improve profitability. Start-up funding in India has also seen a decline. Delhivery plans to expand into drone manufacturing and freight air transportation services.

Swiggy’s Instamart bled $125 mn in 3 quarters

The Arc Web

The Arc Web · 1y ago

Swiggy’s Instamart bled $125 mn in 3 quarters

Swiggy's quick-commerce business, Instamart, has been facing significant losses while the core food-delivery operations are getting closer to profitability. From April to December 2023, Instamart reported an EBITDA loss of over Rs 1,040 crore ($125 million) on revenues of Rs 950 crore ($114 million). Swiggy's food delivery unit has shown improvement, turning EBITDA positive in January 2024, earning around $5 million or Rs 40 crore each month. However, Swiggy still lags behind Zomato in terms of market share and the valuation for Swiggy's upcoming IPO might be lower than Zomato's.

Quick commerce can be bigger than food delivery, won't be a duopoly: Swiggy founder Sriharsha Majety

Economic Times

Economic Times · 9m ago

Quick commerce can be bigger than food delivery, won't be a duopoly: Swiggy founder Sriharsha Majety

According to Swiggy founder Sriharsha Majety, quick commerce has the potential to become a larger business than food delivery in India. Unlike food delivery, quick commerce is not expected to be a duopoly. Swiggy's valuation for its upcoming IPO is based on its growth plans and not directly benchmarked against Zomato. Investors are excited about the growth potential of quick commerce in India, which has shown profitability and growth in various categories. Swiggy aims to maintain market share and profitability in the intense competition of quick commerce by focusing on assortment and convenience for consumers. They also plan to continue innovating and scaling existing and new businesses while keeping profitability in mind. The next big business for Swiggy is yet to be determined based on consumer feedback, but they have launched a pilot for a private members' club called Rare. In terms of the food business, Swiggy aims to grow faster than the overall industry by unlocking new consumption occasions, use cases, and affordability. They are exploring new delivery options like 10-minute food delivery and focusing on expanding in big cities.

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Inshorts · 10m ago

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Zomato CEO Deepinder Goyal said the startup is behind BookMyShow in the ticketing business and will, at some point, "gun to be number one". Speaking to Moneycontrol, Goyal said he hopes that "Swiggy doesn't buy BookMyShow". Zomato and Swiggy are rivals in both food delivery and quick e-commerce spaces, with Zomato gaining a lead over Swiggy in recent years.

'Not going to wait and watch': Swiggy CEO on new opportunities in food delivery amid Rapido’s entry

YourStory

YourStory · 1m ago

'Not going to wait and watch': Swiggy CEO on new opportunities in food delivery amid Rapido’s entry

Swiggy CEO Sriharsha Majety emphasized the company's readiness to explore new opportunities in the food delivery industry following Rapido's entry. Swiggy holds a 12-13% stake in Rapido, a move aimed at diversifying its service offerings. Rapido plans to enter the food delivery market with lower commission rates, addressing criticism faced by Swiggy and Zomato. Majety highlighted Swiggy's agility and technology prowess in entering new categories swiftly while noting the differing growth dynamics between food delivery and quick commerce.

Swiggy targets $15 billion valuation in IPO

Economic Times

Economic Times · 11m ago

Swiggy targets $15 billion valuation in IPO

Indian food delivery giant Swiggy is planning to go public with a target valuation of $15 billion as it aims to raise $1-1.2 billion. This IPO would be one of the largest in India this year. Swiggy, backed by SoftBank, competes with Zomato in the online food delivery sector and both companies are betting on the growing quick commerce trend. Swiggy plans to use the IPO funds to expand its Instamart business and increase competition with Zomato, which currently has a market valuation of around $28 billion. Quick deliveries are predicted to make up 70% of India's online grocery market by 2030.

Buy Swiggy, Zomato shares as QC concerns overblown

Business Today

Business Today · 5m ago

Buy Swiggy, Zomato shares as QC concerns overblown

ICICI Securities suggests that concerns about competition in the quick commerce (QC) sector affecting Swiggy and Zomato are exaggerated. The market overlooks the positive growth in the food delivery sector. Food delivery has scaled profitably over the past two years. Tax cuts announced in the union budget for FY26 could benefit these companies, with potential long-term investment opportunities. Despite reduced marketing spending in quick commerce, maintaining valuations and securing fresh funding remains challenging.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.