Is Swiggy bigger than Zomato?

Zomato versus Swiggy: Swiggy valuation stands at $10.7 billion; why is Zomato in focus? - Check this report here. The day when Zomato shares hit a lower circuit of 20 per cent for the first time, the rival Swiggy did fundraising of $700 million and the valuation now stands at $10.7 billion.

Who is big Zomato or Swiggy?

Swiggy is now India's latest decacorn after raising $700 million in its latest round. Zomato is now valued under $10 billion as its shares dropped below the ₹100-mark earlier today.

How big are Swiggy and Zomato?

Zomato and Swiggy together hold 90-95 per cent market share in India's food delivery business. According to the National Restaurant Association of India (NRAI), which filed a complaint with the CCI, Zomato is the dominant player in north Indian markets and Swiggy in the south.

Which is faster Zomato or Swiggy?

Based on the survey, we found that Swiggy delivers it faster. The timings displayed on the app are pretty right and the food often delivered within the given time. Except the bad weather, things have been substantially good with Swiggy. Zomato, on the other side, show unstable timings.

Why is Zomato preferred over Swiggy?

Offers: If we are not craving something but we see a discount on scrumptious dishes, we start craving it. If you are love for discount and offers, go for Zomato. People receive more cashbacks and offers from Zomato. Their strategy to attract customers is a bit ahead of Swiggy which makes it more preferred.

Swiggy Vs Zomato: Who will win the fight beyond food delivery?

Is Swiggy making profit?

Food delivery giant Swiggy (Bundl Technologies) reported a 23 per cent fall year-on-year in revenue at Rs 2,145 crore in financial year 2020-21 (FY21). However, its net loss decreased 65 per cent YoY to Rs 1,314 crore, showed regulatory documents sourced by business intelligence platform Tofler.

Did Swiggy buy Zomato?

Zomato in talks with Swiggy for a merger: Report. Gurugram-based food discovery and ordering startup Zomato is in talks for a merger with its Bengaluru-based rival Swiggy, according to reports. While Zomato has reportedly proposed a stock-based merger, Swiggy is looking to acquire the online food delivery arm of Zomato ...

Who is Zomato owner?

deepinder goyal: Zomato CEO Deepinder Goyal says company won't make any new minority investments - The Economic Times.

Who is the owner of Swiggy?

Swiggy's founder and CEO Sriharsha Majety.

Is Zomato available in USA?

From swanky upscale restaurants to the cosiest hidden gems serving the most incredible food, Zomato covers it all. Explore menus, and millions of restaurant photos and reviews from users just like you, to find your next great meal.

Is Swiggy a Chinese company?

Swiggy is an Indian online food ordering and delivery platform. Founded in July 2014, Swiggy is based in Bangalore, and operates in 500 Indian cities, as of September 2021.

Which country owns Zomato?

Zomato (/zoʊmɑːtoʊ/) is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008.

Is Zomato running in loss?

The firm will invest $400 mn in quick commerce over next two years. Food delivery company Zomato saw its net loss narrow by 81 per cent year-on-year (YoY) to Rs 66 crore in the December quarter (Q3). Meanwhile, its revenue rose 86 per cent YoY to Rs 1,112 crore in Q3.

Is Zomato available in Pakistan?

From swanky upscale restaurants to the cosiest hidden gems serving the most incredible food, Zomato covers it all. Explore menus, and millions of restaurant photos and reviews from users just like you, to find your next great meal.

Why is Zomato falling?

"Zomato continues to be a loss-making company that focuses on revenue growth," it said. "The current scenario of rate hikes has severely impacted tech stocks as investors have realized that the profitability and cash flows are more important than just revenue growth and their sky-high valuations aren't sustainable.

Is Swiggy losing to Zomato?

Food delivery majors Zomato and Swiggy both reported their earnings for the fiscal year 2021, with both companies reporting a net reduction in their losses.

Will Zomato survive?

Analysts believe it might be a good time to buy these new-age tech stocks during the sharp correction. With major plans to expand its business, the outlook for Zomato appears to be positive. Most analysts believe Zomato is a 'buy' with a price target of nearly double from its current levels within the next 12 months.

Is Uber eats owned by Zomato?

In January 2020, Zomato had acquired Uber Eats' India operations in a non-cash deal for ₹1,376 crore, excluding an amount of Rs 248 crore payable towards GST.

Why is Swiggy facing losses?

In a regulatory filing sourced from business intelligence platform, Tofler, Swiggy said that the Covid induced lockdowns, restrictions and multiple emergency impacted the performance of the company in FY21.

Why is Zomato not profitable?

Zomato's founder and chief executive Deepinder Goyal added that the company will try not to spend most of the funds by the time it turns profitable. “In FY18-19, it was largely about acquiring more users who were new to this category," he added. More than 90% of Zomato's business is from repeat monthly customers.

What percentage does Swiggy take?

At present, if any customer orders from the restaurant using Swiggy or Zomato, the online food app collects a 5% tax on food from the customer and passes it on to the restaurant.

Is Swiggy profitable in 2021?

Online food and grocery delivery startup Swiggy saw its growth drop in FY21 even as its grocery business expanded. The Bengaluru-based recently-turned decacorn had its overall income decline by more than 25% during the fiscal ended 2021.

Is Zomato debt free?

The company has shown a good revenue growth of 66.54% for the Past 3 years. Company is virtually debt free.

Does Zomato earn profit?

Zomato first charges a commission to restaurants based on orders through its food supply company. While users pay a delivery fee, Zomato earns a commission for every delivery from restaurants which is subsequently divided between the supplier and the business.

Which country made Swiggy?

The Swiggy co-founder and CEO came back to India from London and started his own entrepreneurial venture, Bundl which aimed at providing shipping solutions to e-commerce merchants alongside Nandan Reddy who is also presently a co-founder at Swiggy.