Swiggy IPO: Here's how it stacks up against Zomato
Swiggy’s initial public offering (IPO) opened on Tuesday with the public issue launching on Wednesday.
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The Bengaluru-based company, which is going public at a valuation of $11.3 billion, is in fierce rivalry with its Gurugram-based competitor Zomato across segments such as food delivery, quick commerce and dining out.
Here’s how the two rivals stack up against each other:
While Swiggy entered both food delivery and quick commerce spaces before Zomato, the IPO-bound company has been trailing its listed rival across metrics.
For the first quarter of FY25, Swiggy’s operating revenue came in at Rs 3,222 crore vs Zomato’s Rs 4,206 crore.
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