Swiggy
Swiggy was founded in 2014 by Sriharsha Magti, Nandan Reddy, and Rahul Jayamini. It is an Indian online food ordering and delivery platform that connects users to restaurants and local stores.
Located in Bengaluru, Swiggy began as a food delivery app. Since then, it has evolved into a comprehensive service platform that offers grocery delivery via Instamart and pickup-drop logistics through Genie. It is considered one of the major consumer-technical startups of India.
Zomato
Zomato was founded in 2008 as FoodieBay by Deepinder Goyal and Pankaj Chaddah. It started as a digital restaurant directory focused on making menu exploration and dining choices easier.
In 2010, it changed its name to Zomato, broadening its reach into food delivery and international markets. The company gradually shifted from content to commerce.
Zomato has strategically expanded its services to compete with various platforms. It introduced Blinkit for instant deliveries, challenging competitors in the food and essential services sector.
Additionally, District by Zomato was launched to rival established ticketing platforms like BookMyShow, demonstrating Zomato's ambition to disrupt diverse markets beyond its core food delivery business.
In 2021, Zomato launched its initial public offering, enhancing its market position in India. It recently rebranded itself as Eternal Limited.
Brand Overview
|
Factor |
Swiggy |
Zomato |
|
Market Share |
42-45% |
55-58% |
|
Valuation (2024) |
$10.7 Billion (Public company) |
$23-26 billion (Public company) |
|
Core Focus |
Food delivery, quick commerce (Instamart), logistics (Genie) |
Food delivery, Blinkit (quick commerce), Zomato Gold |
|
City Coverage |
580+ cities (stronger in metros) |
800+ cities (wider national reach) |
|
Competitive Edge |
Better logistics, bundled services (Swiggy One) |
Public presence, faster grocery delivery via Blinkit |
With this overview, Zomato has a high market share (55%), with its public presence in 800+ cities. It has a wide reach, and acquisitions like Blinkit give it the edge over Swiggy.
Blinkit vs Instamart
|
Parameter |
Instamart (Swiggy) |
Blinkit (Zomato) |
|
Annual Sales |
Estimated ₹1100 cr |
Estimated ₹ 2301 cr |
|
Profitability |
Operates at a loss of 840 cr; investing in growth |
Operates at a loss of 178 cr; high burn rate |
|
Avg. Order Value |
₹499 |
₹707 |
Both Instamart and Blinkit offer rapid grocery deliveries across India. Let’s see how they compete on speed, coverage, and service.
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Business Comparison Table
|
Parameter |
Swiggy |
Zomato |
|
Market Value |
$10.7 Billion (2024 est.) |
$14.2 Billion (2024 est.) |
|
No. of Daily Orders |
2.5 Million |
2.2 Million |
|
Equity Type |
Public |
Public |
|
Main App Focus |
Food delivery, quick commerce, pickup, and drop |
Food delivery, quick commerce, and restaurant loyalty |
|
Quick Commerce |
Instamart (instant grocery delivery) |
Blinkit (instant grocery delivery) |
|
B2B Supply |
Swiggy Access (cloud kitchen services) |
Hyperpure (restaurant supply chain) |
|
Dining Services |
Dineout (acquired in 2022) |
Zomato Gold/Pro (delivery discount) |
|
Revenue |
₹15,227 crore in FY25 (approx.) |
₹20,243 crore in FY25 (approx.) |
|
Major Acquisitions |
Dineout, Scootsy, Supr Daily |
Blinkit, Uber Eats India, Runnr, Feeding India |
|
Funding Status |
Publicly funded |
Publicly funded via IPO, Info Edge, Uber, Alipay, etc. |
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Bottom Line
Swiggy and Zomato dominate India's food delivery market, each with distinct advantages. Zomato surpasses Swiggy in urban reach and market presence, whereas Swiggy excels with superior logistics and offerings.
Their continuous innovation maintains robust competition, offering consumers additional choices and quicker deliveries.
