Is Food Delivery The Silver Lining For Zomato, Swiggy?

Share via:


SUMMARY

Quick commerce has grabbed the lion’s share of the attention, but food delivery continues to drive the fundamentals for Zomato and Swiggy, which is perhaps being overlooked by investors

Food delivery-turned-quick commerce giants Swiggy and Zomato have seen significant erosion in value and stock price in the past month, with Swiggy dropping by around 45% and Zomato by 30%. Pertinently, Swiggy hit its all-time low this past week before bouncing back curiously just after reports of the food delivery business being…



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.

Popular

More Like this

Is Food Delivery The Silver Lining For Zomato, Swiggy?


SUMMARY

Quick commerce has grabbed the lion’s share of the attention, but food delivery continues to drive the fundamentals for Zomato and Swiggy, which is perhaps being overlooked by investors

Food delivery-turned-quick commerce giants Swiggy and Zomato have seen significant erosion in value and stock price in the past month, with Swiggy dropping by around 45% and Zomato by 30%. Pertinently, Swiggy hit its all-time low this past week before bouncing back curiously just after reports of the food delivery business being…



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

More like this

Bitwarden launches Access Intelligence aimed at fixing credential risks...

Apple @ Work is exclusively brought to you...

Startups launch products to catch people using AI cheating...

AI cheating startup Cluely went viral last week...

Freepik releases an ‘open’ AI image generator trained on...

Freepik, the online graphic design platform, unveiled a...

Popular

Upcoming Events

Freepik releases an ‘open’ AI image generator trained on...

Freepik, the online graphic design platform, unveiled a...

iPhone 17 Air is stunningly thin compared to iPhone...

We’re probably 132 days away from the iPhone...

Axiom-4 mission carrying astronaut Shubhanshu Shukla to take off...

The Axiom-4 (Ax-4) mission set to carry Indian...
GdfFD GFD GFD GFD GFD GFD GFD