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

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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…



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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.

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Team SNFYI
Hi! This is Admin.

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