Zomato, Swiggy’s dilemma in dealing with a Q-comm dark horse

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Sriharsha Majety, CEO Swiggy; Deepinder Goyal, CEO Zomato; and Aadit Palicha, CEO Zepto

Synopsis

To go toe to toe with privately held Zepto’s spending spree isn’t something that its publicly listed competitors would want to do. But what options do they have?

Today, Swiggy hit the lowest since its listing three months ago. That was a sharp 40% slide from its peak in December. It has recovered from its all-time low intraday but is still trading significantly lower than the issue price. Bigger and profitable, its direct rival – Zomato – has a…



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Zomato, Swiggy’s dilemma in dealing with a Q-comm dark horse


Sriharsha Majety, CEO Swiggy; Deepinder Goyal, CEO Zomato; and Aadit Palicha, CEO Zepto

Synopsis

To go toe to toe with privately held Zepto’s spending spree isn’t something that its publicly listed competitors would want to do. But what options do they have?

Today, Swiggy hit the lowest since its listing three months ago. That was a sharp 40% slide from its peak in December. It has recovered from its all-time low intraday but is still trading significantly lower than the issue price. Bigger and profitable, its direct rival – Zomato – has a…



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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