The quick-service and food delivery paradigm in India is broadly competed by three big companies.
Food Delivery Companies At D-Street
They are, namely, Swiggy, Zomato and Zepto. While all these three companies are locked in a fierce battle, Swiggy and Zomato are the only ones that have made it to the equity markets, with Zepto waiting for its turn.
When we take a look at the most recent performance of these two listed entities, Swiggy shares, after a day decline, were trading in green on Thursday.
The company shares rose by a mammoth 2.53 per cent or Rs 12.40 in the early hours of the day’s trade. When we look at Zomato, the Deepinder Goyal-led company after starting low, rose by just under 1 per cent.
Swiggy Ltd
However, when we zoom out and look at the larger picture, both these listed entities have witnessed major declines over the past month of trade.
Swiggy, which was only listed in 2024, the company shares dipped by an overall 4.74 per cent or Rs 25.45. This took the overall value of Rs 511.40.
Zomato Ltd
When we look at the shares of Zomato, the Deepinder Goyal-led company saw a bigger drop than the 14.78 per cent or Rs 43.65, taking the overall value of the company to Rs 251.65 per share.
This comes to pass at a time, when these companies have vied to attain dominance in the cutthroat industry, that quick service delivery has become.
In the recent past, following the footsteps of Zepto and its Zepto cafe idea, Swiggy announced the launch of Swiggy Snacks, which is designed to rival Zepo’s Cafe. In addition, Swiggy and its quick service arm, Swiggy Instamart, have been competing with Zomato’s Blinikit and Zepto’s own quick services.
This fierce competition in the sector is only expected heat up in the time to comes as the sector expands, accommodating more users in its ambit.
