Had to happen. Most influencer are idiots. 
  
 Zomato and swiggy are established. 
  
 They will remain. Probably use ondc for their benefit. 
  
 I feel it was made for ambani. Lets see what he does with it.

Software Lead

Can you explain why ondc is a short term play?

Because the govt is inefficient in handling any service related business, already there’s huge supply chain issues like food getting delivered after 2 hours!

Product Marketing Manager

Category Lead

Product Manager

apparently users dropped significantly as discounts were reduced

Software Engineer

Business Development Manager

Am really utopia how much these influencers paid to show how ONDC will destroy Swiggy and Zamato, any sensible businessman knows ONDC short term play which will get defunct very soon.!!

Welcome to Product Managers's Private Community

Wtf the Govt couldn’t mange monopoly business getting into E-commerce

Wtf the Govt couldn’t mange monopoly business getting into E-commerce- Grapevine

Welcome to Indian Startups's Private Community

ONDC seem Big threat for Swiggy/Zomato , Amazon/Flip kart, Dunzo /zepto/ blinkit/ big basket. 

How will these e commerce giants (already operating on huge loss) survive now

ONDC 🆚 e commerce gaints

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-5-bn-2nd-markdown-in-4-months-10549051.html

Swiggy valuation down to $5.5B

Welcome to News Discussion's Private Community

Zomato delivered another great set of results. Now they are adding 250Cr cash every quarter.
The company hit two benchmarks this quarter according to my calculations, 50,000 Cr worth of orders (4x Q3) and 100 Cr orders (4x Q3), and these are growing 25-30% year on year.
Why is this interesting? As some of you might know, they have started adding platform fees to the orders. Even one more rupee of platform fee will add 100 Cr to EBITDA. So, if they increase fees from 5 to 10, that's 500 Cr more EBITDA every year.
 
Now, If you look at this quarter's results vs last quarter's results, they have added ~3600 Cr of order value, and made 380 Cr of EBITDA (this does not include Events). Which means they are making 10% as EBITDA. In next 3 years, if Zomato doubles their order value to 1,00,000 Cr, and even make 8% EBITDA, this could mean 8000 Cr EBITDA (almost 1 billion dollars). What markets will give as multiple on this, is guess work. Could be 25-40x (Don't hold me on this). Hence the stock looks undervalued from a 3 year lens

Zomato - Interesting Juncture

Business Analyst

Will ONDC kill Swiggy, Zomato?

- Swiggy, backed by SoftBank, plans to file its draft red herring prospectus with India's market regulator by the first week of September, aiming for a $1.28 billion IPO.
- The IPO will be the second-largest for a venture capital-backed company in India, following Paytm, with Swiggy aiming to raise Rs 10,400 crore.
- Swiggy's valuation is expected to be around $16 billion, approximately 60% of Zomato's market capitalization, according to sources.
- The company confidentially filed documents for the IPO in April and received shareholder approval for a fresh issue of Rs 3,750 crore and an offer for sale worth Rs 6,664 crore.
- Swiggy's IPO comes as its rival Zomato has seen significant stock price gains, and the listing will set a valuation benchmark for Swiggy, which needs to achieve profitability to attract investors. 

 Source: [Your Story](https://yourstory.com/2024/08/swiggy-drhp-ipo-first-week-september)

Swiggy to File Draft Papers for $1.3B IPO by September First Week

Journalist

Food ordering with ONDC via Ola going to impact Zomoto Swiggy

Finance Consultant

Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs  784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

" but ola has innovation" , " kya matlab founder ke IIT se hone se valuation multiple jayada nhi hona chahiye" , " ola full indian saar. Support ola IPO saar. Lose your money while investors and founder make a lot saar" , " bro but ola founder ne Sanskrit waala chatgpt banaya hai. He sapports indian culture. So higher multiple to Banta hai" . 
  
  
 Prepare to hear this in coming days

Growth Manager

How are you all feeling about ONDC, what's the general atmosphere like and did you guys have prior notice that this was an incoming event.

Folks @ Swiggy/Zomato

- Ola is entering the $5-billion quick commerce market, competing with Blinkit, Swiggy Instamart, Zepto, and Flipkart Minute.
- At its 'Sankalp' event, Ola explained its dark store concept, aiming to cut order processing time from four minutes to under one minute using automation.
- The quick commerce sector has become indispensable, with rapid growth since 2021, according to UBS analysts.
- Blinkit has been crucial to Zomato's growth, while Zepto is raising $1 billion, showing strong investor confidence.
- Ola's Bhavish Aggarwal plans to use robots in dark stores, unlike competitors who rely on human labor. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/companies/quick-commerce-wars-to-intensify-as-ola-enters-blinkit-swiggy-instamart-zepto-and-flipkart-minutes-turf-12797486.html)

Ola Enters Quick Commerce Market, Challenging Blinkit, Swiggy Instamart, Zepto, and Flipkart Minute

Ola might just win this by delivering to people even before they can even dream of buying something using AI and his electric spaceship

Brand Marketing Manager

I really to lot of restaurants and they're tired by  the heft commissions and also that they don't any customer data. Do you think some one can compete with these aggregators?

Wtf the Govt couldn’t mange monopoly business getting into E-commerce

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