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1 day ago · In a shareholders’ letter announcing the FY24 results, Zomato CEO Deepinder Goyal said, “We believe that we can continue to grow faster than the overall restaurant industry (and therefore power a significant part of the growth of the restaurant industry) if we continue to innovate using our customer-first principles, while creating value for all our other stakeholders – our restaurant partners, and our delivery partners.”
5 days ago · The ten-year-old Swiggy saw a growth of 26% year-over-year in its Gross Order Value, revealed the 2024 annual report of Prosus released today. By the end of December 2023, its user base touched the milestone of 104 million, with a fleet of around 387,000 active delivery partners. Prosus holds a 32.65% stake in Bengaluru-based Swiggy.
15 hours ago · It will help find ideal location, registration and restaurant setup. In a recent development, food-tech giant Zomato has come up with a one-stop solution for its restaurant partners, to scale up the business. As per a PTI report, the online food ordering and delivery platform launched a 'restaurant services hub' on Thursday, across the country.
4 days ago · Brokerages bullish on Zomato over Swiggy, citing higher growth and improved profitability, with target prices ranging from ₹220 to ₹250.
3 days ago · Swiggy's revenue growth of 24% YoY also lagged behind Zomato's adjusted revenue growth of 55.9% YoY. Additionally, Swiggy reported trading losses of $158 million for FY24, whereas Zomato achieved a positive EBITDA of $5 million. Analysts at Emkay Global attributed Zomato’s higher growth to the superior performance of its Quick Commerce segment.
4 days ago · In its tenth year of operations, Swiggy‘s GOV (group order value) grew 26% year on year, and its ever-transacted user base reached the milestone of 104 million at the end of December 2023 ...
4 days ago · Tuesday June 25, 2024 , 2 min Read. Brokerages including Emkay and CLSA continue to bet big on Zomato over Swiggy banking on better performance by the former’s quick commerce unit as compared to ...
