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Zomato, Swiggy And The New Shades Of Food Delivery

Inc42Inc42 · 6m
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.

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