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kapil jadhav

Medial • 1y

Zomato Is Beating Swiggy In The Food Delivery Race! Swiggy posted Rs 8,265 Cr revenue in FY23, but its losses climbed to Rs 4179 Cr. With that its outstanding losses reaches to 27,000 Cr. Swiggy is looking to turn profitable by the second half of this year. But, considering its FY23 results, it still seems like a distant dream. On the other hand, Zomato made a profit of INR 116.90 Crore in FY23. Total revenue was 5506.90 Crores. ________________________________________ Market Share Supremacy In 2020, Swiggy reigned supreme with a 52% market share. In the three years since, it has ceded market share to its arch-rival, with it’s market share falling to 45 percent.

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