Swiggy, Zomato shares extend fall as quick commerce burn weighs

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Shares of food and grocery delivery majors Swiggy and Zomato fell further as quick commerce burn takes a toll.

Swiggy’s market capitalisation has now fallen below $10 billion, while Gurugram-based Zomato’s valuation slipped under $23 billion.

Zomato’s shares were down 4.34% to Rs 215, while Swiggy’s declined 4.74% to Rs 343.35 on the BSE as of 01:56 PM.

Last month, global brokerage firm Jefferies flagged rising competition in the quick commerce space, projecting 2025 as a year of consolidation for Zomato following its strong rally in 2024,…



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Swiggy, Zomato shares extend fall as quick commerce burn weighs


Shares of food and grocery delivery majors Swiggy and Zomato fell further as quick commerce burn takes a toll.

Swiggy’s market capitalisation has now fallen below $10 billion, while Gurugram-based Zomato’s valuation slipped under $23 billion.

Zomato’s shares were down 4.34% to Rs 215, while Swiggy’s declined 4.74% to Rs 343.35 on the BSE as of 01:56 PM.

Last month, global brokerage firm Jefferies flagged rising competition in the quick commerce space, projecting 2025 as a year of consolidation for Zomato following its strong rally in 2024,…



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.

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