Swiggy v Zomato: Just putting it out there

Food tech market is 50B+ ( duopoly) Most of my friends use swiggy for everything like food, groceries and dine out. They say Zomato sucks in ui ux and 3rd grade restaurants are there at Zomato, swiggy is better at offers and quality restaurants. Zomato peak stock value was 180inr, which makes it a 15B firm, by that logic swiggy can get even 20B ipo. PS - Baron capital already raised swiggy valuation to 13.9B usd What do u think guys?

Swiggy has pleasantly surprised me.. have to say. I thought they are a far second. What do you think? https://thearcweb.com/article/swiggys-revenues-hit-14-bn-in-fy24-losses-fall-44-RKqwp7rvJZiL2QOu

- Swiggy's revenue grew 36 percent from Rs 8,265 crore in FY23 to Rs 11,247 crore in FY24. - Despite the growth, Swiggy still lagged behind Zomato, which had a revenue of Rs 12,114 crore and a profit of Rs 351 crore. - Swiggy's losses were reduced by 44 percent, from Rs 4,179 crore to Rs 2,350 crore, due to better expense control. - The company spent Rs 13,947 crore in FY24, 8 percent less than the previous year, mainly by cutting promotion and marketing costs. - Swiggy's Instamart, however, lagged behind Zomato's Blinkit in quick commerce, with revenues of Rs 1,100 crore versus Blinkit's Rs 2,301 crore. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/swiggy-narrows-gap-with-zomato-on-revenue-food-delivery-business-grew-36-to-rs-11247-crore-in-fy24-12814599.html)

Sharing more context on what is driving this in the comments section 👇🏻

This is based on an analysis of 24 K reviews on iPhone & Android phones between Jan to Nov 2023 conducted by Clootrack. The results though look a lot skewed as Zomato outperforms Swiggy by 3-4X in every parameter, How do you look at these results, Do you agree with this analysis?

Prime example that one should not just study foreign markets and take everything else for granted. The west already has much better convenience stores at every nook and corner. Something was different in India. Today BlinkIt eclipsed Zomato valuation. Instamart is a key focus for Swiggy. Zepto is on a great path. All the VCs (except Nexus who backed Zepto) in India lost out in this race. They just looked at the west, and said it won't be possible. Grofers (Blinkit) & Zepto proved them wrong. For entrepreneurs: Do not be derailed by VC speak, they will hardly ever get big bets right.

Swiggy burning 120 Cr a month on instamart. Would they have needed to fire so many people if they would have fixed their unit economics? Jab Yeh DRHP file karega, tab Zomato ka Stock badhega!