Quick commerce is becoming the battleground where billions are being spent to capture wallet share. Blinkit, Zomato’s bet, ...

F ood and grocery delivery platform Swiggy is reportedly planning to sell its entire 12% stake in ride-hailing startup Rapido ...

Despite the smaller scale, domestic brokerage HDFC Securities still expects Swiggy to lag Zomato by 150-200bps on GOV growth (FY24-27), as within key inputs, both are likely to be evenly matched ...

Rapido is being seen as a great demand generation channel like Paytm & Ola and restaurants may find it as a viable ...

Swiggy’s shares fall nearly 4% after Q1 net loss doubles; Eternal’s Blinkit continues to lead quick commerce growth in a ...

Zomato clocked in its first profit in the first quarter of FY24 whereas Swiggy continues to be loss making, according to data from its red herring prospectus. In 2021, as Zomato was gearing up for ...

From a GMV perspective, Zomato holds ~54% share in food delivery as compared to Swiggy at 46% as of 1HCY23, Zomato’s food delivery GMV stood at $1.7Bn as compared to Swiggy’s $1.4Bn.

Domestic brokerage Nirmal Bang has initiated coverage on Eternal and Swiggy with a 'Buy' rating; check target price here ...

Zomato declined to comment, while Swiggy and the DGGI did not immediately respond to Reuters' requests for comment. ($1 = 83.2440 Indian rupees) ...

TechCrunch first reported on Monday, after local trading hours, that the U.S. asset manager Invesco had slashed the valuation of Swiggy, the chief rival of Zomato, by 48.6% in a year to $5.5 billion.

India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to food delivery companies Zomato and Swiggy, CNBC-TV18 reported on ...