Fast, but furious: Quick commerce concerns burn billions from Zomato, Swiggy market caps

Quick Summary:

Swiggy and Zomato lose a total $12 billion from their market caps as surging quick commerce investments and slowing growth in core food delivery business affect investor sentiment.

Zomato's food delivery revenue rose 21.59% YoY to Rs 2,072 crore in the October to December quarter, but it grew just 3% quarter-over-quarter.

Both Swiggy and Zomato's food delivery segments grew much slower.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Delivery Quick Quarter Business Food Commerce Market Growth Swiggy Zomato Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 06:23:47 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 40 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 26113122

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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