Is Food Delivery The Silver Lining For Zomato, Swiggy?

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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…



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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.

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