Swiggy Instamart Behind Blinkit, Zepto In Quick Commerce Race: Citi

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SUMMARY

In the QC space, Citi estimates Zomato’s market share at 41%, while Zepto is projected ‘par/higher than Swiggy’, based on data traffic trends, pushing Swiggy to the third place

Swiggy’s market share in the quick commerce space is estimated at 23%

Citi initiated coverage on Swiggy with a ‘Buy’ rating and set the target price at INR 480 as it sees growth potential in the longer run in both food delivery and quick commerce

Amid raging competition in India’s quick commerce space, brokerage firm Citi has said…



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Swiggy Instamart Behind Blinkit, Zepto In Quick Commerce Race: Citi


SUMMARY

In the QC space, Citi estimates Zomato’s market share at 41%, while Zepto is projected ‘par/higher than Swiggy’, based on data traffic trends, pushing Swiggy to the third place

Swiggy’s market share in the quick commerce space is estimated at 23%

Citi initiated coverage on Swiggy with a ‘Buy’ rating and set the target price at INR 480 as it sees growth potential in the longer run in both food delivery and quick commerce

Amid raging competition in India’s quick commerce space, brokerage firm Citi has said…



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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