Zomato Lost Market Share In Food Delivery Business In Q3: ICICI

Share via:


SUMMARY

Zomato may have lost some share in the food delivery market in Q3 FY25 as competitors scaled 10-15-minute delivery faster, said ICICI Securities

A day earlier, Zomato CFO Akshant Goyal downplayed the impact of the 15-minute delivery rivals, saying that rising competition had no impact on Zomato’s food delivery business in Q3

Competing with Zomato in the sub-15 minute delivery space are Swiggy (via Bolt and SNACC), Zepto Cafe, Swish, Zing, Magicpin and Ola Consumer

Zomato may have lost market share in the food…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

admin
admin
Hi! This is Admin.

Popular

More Like this

Zomato Lost Market Share In Food Delivery Business In Q3: ICICI


SUMMARY

Zomato may have lost some share in the food delivery market in Q3 FY25 as competitors scaled 10-15-minute delivery faster, said ICICI Securities

A day earlier, Zomato CFO Akshant Goyal downplayed the impact of the 15-minute delivery rivals, saying that rising competition had no impact on Zomato’s food delivery business in Q3

Competing with Zomato in the sub-15 minute delivery space are Swiggy (via Bolt and SNACC), Zepto Cafe, Swish, Zing, Magicpin and Ola Consumer

Zomato may have lost market share in the food…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

Republican Congressman Jim Jordan asks Big Tech if Biden...

On Thursday, House Judiciary Chair Jim Jordan (R-OH)...

China’s Zhipu AI raises $137 million as state funds...

Chinese artificial intelligence startup Zhipu AI has raised...

House GOP subpoenas Big Tech for evidence that Biden...

On Friday, Rep. Jim Jordan, the Republican Chairman...

Popular

Upcoming Events

XRP flips Ether’s FDV amid change in market dynamics

XRP’s fully diluted valuation (FDV) has surpassed Ether...

Anthropic’s plan to win the AI race

Anthropic is one of the world’s leading AI...

How Warp Terminal Helps Me Correct My Scripts and...

Every so often, technology really seriously and magically...
ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC