Swiggy valuation $15B ++
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?
Talking product sense with Ridhi
9 min AI interview5 questions
It's regional.
Swiggy is King Bangalore
But I tried the same in Delhi and Mumbai, it doesn't even begin to match up to Zomato. Grapevine is skewed regionally to Bangalore😄 Careful interpreting the results
Companies do better where they are headquartered I guess?
Swiggy UI is clearer right? Like if you started with swiggy and switch to Zomato it feels off.
On the valuation side... Zomato is larger and if I recall correctly their losses are lower? So I would put swiggy at like 85-90% of Zomato valuation. This is like at a very high lvl without looking at the actual numbers.
Yeah....swiggy is way better and their one subscription is also not confusing
In covid, Zomato overtook swiggy but now swiggy is in leading position.
Bangalore bias is towards swiggy, but Zomato is available in deeper pockets of India if I'm not wrong. Will be interesting to see how they compete further but it's still a growing market. Plenty for all.
Swiggy membership gives free delivery at 149 whereas zomato pro at 199, this locks me in automatically to swiggy and swiggy instamart and to its ecosystem, kind of disagree with Bangalore bias though I cannot talk about Delhi but going just by the pricing thing other cities are cheaper so the free delivery with the membership makes more sense in Swiggy in most cities.