Swiggy getting back into the homely meals space. Looks like Zomato did well here and made them rethink?

- Zomato's market share in India's food delivery sector has risen to around 55 percent, according to various brokerage firms. - Swiggy, which once dominated with a 52 percent market share in 2020, has seen its share fall to 45 percent. - Zomato's management reported a significant increase in market share in Southern cities during an earnings call. - The company attributes its success to early investments in non-metro cities, despite initial concerns about profitability. - This shift comes as Swiggy prepares for its initial public offering, facing increased competition from Zomato. Source: Moneycontrol

- 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)

What's the difference between Swiggy and Zomato Share your thoughts and opinions

Hi folks, I'm Aadit, Co-Founder & CEO at Zepto. We're one of India's fastest growing consumer internet companies and are today present across 10+ cities in the country. I'd love to chat with you folks about my journey in building Zepto, my thoughts on the quick commerce space, organization building, amongst other things. Ask away!

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?

- Zomato has launched a new 'Group Ordering' feature, allowing users to place orders in groups by sharing a link with friends. - The feature is live on the Zomato app and will be rolled out to all customers in phases, according to cofounder Deepinder Goyal. - This launch follows Swiggy's introduction of a similar feature, which accounted for 6% of all orders during its first weekend. - Zomato has been diversifying its offerings with new features like an all-electric large order fleet, 'Pure Veg' fleet, and last-mile delivery for office goers. - The company also recently introduced features like removing past orders from history and enabling cash payments with instant credit to Zomato Money accounts. Source: [Inc42](https://inc42.com/buzz/zomato-rolls-out-new-feature-for-users-to-place-orders-in-groups/)

- Zomato grew faster than Swiggy in July, with a 29% YoY increase compared to Swiggy's 11%, according to UBS analysts. - Zomato's MoM order growth was 1.6%, while Swiggy saw a 4.6% decline, leading to increased market share for Zomato. - Zomato's market share in India's food delivery sector is estimated at 55%, while Swiggy's has slipped to 45%. - Zomato has reported five consecutive quarters of net profits, whereas Swiggy logged an operating loss of over Rs 1,000 crore in the first nine months of FY24. - Swiggy CEO Sriharsha Majety acknowledged the pros and cons of having a listed competitor like Zomato, noting the constant comparisons but also the benefits of market awareness. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/zomato-grew-faster-than-ipo-bound-swiggy-gained-more-market-share-in-july-12801796.html)

Swiggy losing market share big time , it seems that they are cutting down services in many cities and delivery agents started moving zomato etc. it seems started leverage load sharing with third party agents, causing attrition in Swiggy delivery agents.