Swiggy vs. Zomato

Swiggy vs. Zomato: Market Share and Growth, Who Is Leading?

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In the ongoing battle between Swiggy and Zomato for dominance in India’s food delivery market, Zomato has recently pulled ahead. As of 2024, Zomato holds a 57% market share compared to Swiggy’s 43%. Zomato’s growth outpaced Swiggy, with a 31% year-on-year increase in Gross Order Value (GOV) versus Swiggy’s 26%. Zomato’s superior performance in the quick commerce segment and effective cost management strategies have been key factors driving this lead.

Swiggy vs. Zomato: Key Factors Behind the Market Shift

1. Revenue and Growth

Zomato has seen faster revenue growth, with a 35% year-on-year increase in FY24 compared to Swiggy’s 24%. This difference is largely attributed to Zomato’s strong performance in quick commerce and more aggressive expansion strategies.

2. Market Share

As of 2024, Zomato controls 57% of the market, while Swiggy holds 43%. Zomato’s ability to consistently grow its market share has been a significant advantage.

3. Quick Commerce Segment

Zomato’s quick commerce segment, which includes Blinkit, has outperformed Swiggy’s Instamart. This segment’s growth has been a critical driver of Zomato’s overall success, helping it to expand margins and improve investor confidence.

FAQ

  1. Who currently holds the larger market share, Swiggy or Zomato? Zomato currently holds a larger market share with 57%, compared to Swiggy’s 43%.
  2. Which company is growing faster? Zomato is growing faster, with a 35% year-on-year revenue increase in FY24, compared to Swiggy’s 24%.
  3. What is driving Zomato’s lead over Swiggy? Zomato’s lead is driven by its strong performance in the quick commerce segment and better revenue growth.
  4. How has Swiggy performed in comparison to Zomato? Swiggy has lagged behind in market share and growth, particularly in the quick commerce segment.
  5. What is the future outlook for Swiggy and Zomato? Zomato currently has a stronger growth trajectory, but Swiggy’s planned IPO could reshape the competitive landscape.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.