Swiggy and Zomato, India's food delivery giants, are vying for the top position. With Swiggy's IPO around the corner, here's a quick look at their businesses!
Swiggy and Zomato dominate the Indian food delivery market. While Zomato has about 55% market share, Swiggy accounts for 45% of the market.
Swiggy’s Instamart and Zomato’s Blinkit are leaders in the fast-growing quick commerce space.
Blinkit leads with a GOV of ₹4,923 crore, while Instamart’s GOV is ₹2,724 crore.
Blinkit’s AOV is ₹625, whereas Instamart’s AOV is lower at ₹487.
Zomato operates 639 active dark stores, more than Swiggy’s 557.
Zomato has 7.6 million average monthly transacting users as compared to Swiggy’s 5.2 million.
Swiggy's revenue was ₹11,634 crore in FY24, slightly behind Zomato’s ₹12,114 crore. But it made a net loss of ₹2,350 crore, while
Zomato made a ₹351 crore net profit.
Swiggy will have a post-issue market cap of ₹87,299 crore, while Zomato commands a market cap of about ₹2.15 lakh crore.
While Zomato leads the race in the food delivery and quick commerce segments, Swiggy would look to catch up with its upcoming IPO.
Thanks for reading!
See next