The shares of these two leading food aggregators, Swiggy and Eternal Delivery aggregators are down by 2.5 percent and 2 percent respectively, after Rapido announced its foray into the food delivery business. In this article, we will discuss about this announcement in...
India’s online food delivery space has become a two-player battlefield dominated by Zomato and Swiggy. Both companies have diversified significantly in FY25, expanding into quick commerce, B2B supplies, and more. With both firms vying for market dominance, their...
According to a joint report by Bain & Company and Swiggy, India’s food delivery market is expected to grow at a compound annual growth rate (CAGR) of 18 percent, reaching over Rs 2 lakh crore by 2030. The rise of user-friendly apps and technology-driven...
Swiggy made its debut at Rs. 412 with a modest listing gain of 5.64 percent from its IPO price of Rs. 390. Following its listing, it experienced a strong rally and went up to Rs. 617, up 49.75 percent from its listing price. However, despite trading at elevated...
The food delivery and quick grocery business in India has seen tremendous growth in recent years, driven by changing consumer habits, urbanization, and a growing preference for convenience. Companies like Swiggy and Zomato dominate the food delivery landscape,...
Swiggy has recently cut down its valuation by 25% from an initial $15 billion to $11.3 billion as it they are preparing for its initial public offering (IPO). This adjustment might be due to the company’s response to the market conditions and investor sentiment....
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