Zomato's m-cap higher than Swiggy; co's m-cap over Rs 2.2 lakh crore
Zomato and Swiggy are the two major players catering in the food services and quick commerce segment.
Swiggy valuation
After yesterday's transaction, the valuation of Swiggy is estimated to be at Rs 51,750 crore.
Zomato's m-cap far ahead of Swiggy
In comparison Zomato's m-cap is at over Rs 2.2 lakh crore.
Revenue Comparison-
Year Zomato Swiggy
FY24 12,114 7,800 (Est as per reports)
FY23 7,079 4,653
FY22 4,192 3,557
FY21 1,994 2,008
Revenue growth for the two companies
Between FY21-23, Zomato and Swiggy's revenue clocked 88 per cent and 52 per cent CAGR growth, respectively.
Swiggy still not profitable
The food delivery company Swiggy in the FY24 is expected to post loss after FY23 loss of Rs 3,758 crore.
Zomato posted profit in FY24
The company in the fiscal year 2024 posted a profit of Rs 351 crore.
Food delivery market share
Zomato's market share in the delivery process was at 55 per cent in July month, while the remaining was bagged by Swiggy.
Investors in Swiggy
Ramdeo Agarwal, 360 One, Baron capital, Invesco, Qatar Investment Fund are invested into Swiggy. Also, lately
Ambitabh Bachchan bought stake in the entity. Furthermore, Hindustan Composites also bought 0.01 per cent stake for Rs 5.175 crore in the company.