Swiggy vs Zomato Market Share : War in Duopoly
The food delivery industry has rapidly grown within the decade in India with headquartered online food ordering platforms being Swiggy, Zomato. These companies have responded to meals through delivery services and their services have been received by millions of users in the country. Examining their evolution from small scale businesses to large-scale companies underscores the understanding of the market trends, enterprise profitability and investors’ perception.
Introduction to Swiggy and Zomato
Swiggy and Zomato both top the online food ordering and delivery industry and have been ranked as the major rivals in the segment. Both companies have grown rampantly and have margined into the new territories and markets other than food delivery services like groceries and cloud kitchens.
It was started in the year 2008 and was initially named as Foodiebay and acted as a restaurant rating site but later it began the food delivery service in 2015.
Bangalore’s based start-up Swiggy was started in 2014 with the concept of logistics and technology styling.
Zomato first entered the market by going public in July 2021, then Swiggy in November 2024.
swiggy vs zomato IPO Comparison
Swiggy IPO :
Swiggy became public in November 2024 which was a major event in corporate history. It was launched at ₹390 per share, Airtel TPG’s market capitalization was estimated at about $11.3bn (₹1 trillion). Shares of the food delivery company Swiggy made their first appearance on the National Stock Exchange and ended 8% up at ₹456 higher than the issue price. The effective IPO disclosure proved healthy demand from investors due to Swiggy foray lifts its brand image and relatively diversified verticals, such as food delivery, Instamart grocery deliveries, and others.
Zomato IPO :
The listing of Zomato in July 2021 can be considered as a turning point in India’s tech startup story. The shares were sold at ₹76 per share and the public offer was subscribed 38.5 times. Zomata share opened at ₹75 on the listing day with a high of 66% touching a perfect ₹125 by the close of the day. This kind of massive subscription reaction can be attributed to the market belief of the growth narrative of Zomato inspired by its large market access, and with committed emphasis on technology advancement.
We can clearly see the Swiggy vs Zomato market share in the stock market as well by seeing Investors hype and Interest.
Swiggy’s Stock Market Journey
The IPO in November 2024 can be regarded as the key event for Swiggy as a company. It issued its IPO at ₹390 per share – which gave it a market value of ₹1 trillion ($11.3 billion).
Opening Performance: Swiggy share price had a fantastic start to trading and ended at ₹456 on the first trading day, hovering 17% over the issue price. What intensified this solid was incontrovertibly the investors’ healthy anachronistic confidence, which this robust debut signified.
Market Capitalization: Swiggy has grown very fast and widely in the market, and its market capitalization in January 2025 is near about ₹1 trillion.
Nevertheless, the current experience of Swiggy in the stock market is still in early development, and the company and investor indicators will change with time.
Zomato’s presence in the stock market
The new entrant to the stock market and its listing in the stock market in July 2021; as a result, Zomato has had a longer period to operate in the market.
Market Capitalization: The two food delivery platforms compete closely with Zomato’s market capitalization currently at ₹2.51 trillion greatly exceeding Swiggy’s.
Share Price Trends: The current value of Zomato share price shows a good rising trend, Zomato’s share has touched its 52-Week high of ₹304.50 up to December 2024.
The fact that Zomato has been established for some time now have afforded the company an opportunity to work at enhancing profitability parameters, multiple sources of revenues and venture abroad.
Comparing Financial Metrics
A direct comparison of Swiggy and Zomato reveals key insights into their financial health and market strategies.
swiggy Share Price and Market Cap & Zomato Share Price and Market Cap
Metric | Swiggy (2024) | Zomato (2025) |
Market Cap | ₹1 trillion | ₹2.51 trillion |
Share Price | ₹456 (IPO debut) | ₹304.50 (52-week high) |
Zomato’s higher market cap reflects its established dominance, while Swiggy’s IPO highlights its growth potential.
Profitability and valuation ratios
Zomato’s detailed financial metrics provide insights into its valuation:
P/E Ratio: This shows that investors have high expectations of the company’s future earning growth as pegged in the calculated Price to Earnings to Growth (PEG) ratio as 94 (TTM).
ROE (Return on Equity): 3.48%, which demonstrates that approximately 50% of companies in the industry are being operated at a relatively low level of profitability compared to other industries.
Debt-to-Equity Ratio: 0.05 meaning that it displays financial responsibility.
Unfortunately, Swiggy’s financial ratios are not available in full yet, as the company went for IPO in recent times. But, its aggressive growth strategy coupled with its operational orientation indicates that it might possess a relatively higher expenditure to revenue over the short-run.
Swiggy vs Zomato Market Share
As of the first quarter of fiscal year 2025 (Q1 FY25), India’s online food delivery market is predominantly shared between Zomato and Swiggy. Zomato leads with a 58% market share, while Swiggy holds 42%.
This distribution indicates a shift from previous years. In 2018, Swiggy commanded a dominant 61.2% market share, which has since declined, allowing Zomato to gain a leading position.
The competition between these two platforms remains intense, with both companies implementing various strategies to expand their user bases and enhance service offerings. Zomato’s recent growth can be attributed to strategic acquisitions and investments, which have bolstered its market presence.
Operational Strategies and Business Models
Presently, boulevard Strategic Position Feasibility analysis is presented on the SWOT analysis of both Swiggy and Zomato, which have transitioned from single delivery services of food to diversified.
Food Delivery Business:
Zomato therefore forecasts its core bike food delivery market to grow by 30% annually in the next five years due to deepening internet usage and altering consumer behavior.
Overall, the rapid delivery and efficient delivery has made it capture almost half of the urban market.
Diversification:
Currently, Blinkit has been acquired by Zomato in a bid to offer grocery delivery services.
Swiggy also has introduced grocery delivery service through Instamart and dining subscription program Swiggy One.
Cloud Kitchens:
Zomato and Swiggy are both expanding very heavily on the concept of cloud kitchens and these enable the companies to push the value of the food chain up really significantly which in turn should help in raising the margins.
Challenges and opportunities
Though two giants such as Swiggy and Zomato exist, they have their bowl-shaped opportunities as well as threats posed to them.
Challenges :
Profitability: Both straddle a price-sensitive product category with slim profit margins, which poses the biggest problem for both – profitability.
Regulatory Environment: The government of India recently set its eyes on the pricing algorithms and data privacy and Local operations may be affected.
Intense Competition: With players such as Dunzo and Zepto launching services, there is now stiff competition expected in the market.
These challenges can hurt Swiggy share price and as well as zomato share price
Opportunities :
Market Expansion: There is a huge potential in Tier 2 and Tier 3 cities.
Technology: AI and data can be effectively used and implemented to enhance delivery operations and have an impact on the customer.
Subscription Models: Firms can use programs such as Zomato Gold and Swiggy One to retain customers and increase its revenues.
Opportunities can help in good growth in Swiggy share price as well as zomato share
Swiggy Share Price
Let’s discuss swiggy share price and other financials
Actually, in the stock market, Swiggy’s share price was ₹541.40 on January 3, 2025, which is 2.78% down from the last business day. The food delivery company of India, Swiggy made its debut IPO in November 2024 with the value of its shares at ₹390, following which the company achieved nearly about $11.3 billion. Swiggy’s shares closed at 456 on the first day of trading.
A year later, the share price has gone up and down though the 52 Week-High is ₹ 617 and low is ₹391. Currently, the company’s market capitalization is about ₹1.21 trillion.
Finally, the authors recommend investors to know that Swiggy’s stock price is quite volatile, which is the norm among companies that recently listed on the bourse.
Therefore, this research recommends the regular tracking of the company’s financial information and the market details in order to make wise investments.
Zomato Share Price
Lets understand Zomato share price when compared to swiggy
The Zomato Limited’s stock price stands at ₹272.70 from the closing of the year 2025 as a result of a 4.27% decline from the previous day closing price of ₹284.85. The shares of Zomato are highly volatile over the last one year which has touched the upper end of its 52 week high of ₹304.70 and the lower at Rs ₹121.60. They have a current market capitalization of about ₹2.63 trillion.
Besides, the return on the equity indicates a small level of profitability of Zomato.These factors should be considered next to market and company trends while making investments decisions for Zomato.
Investor Sentiment as well as Market Perception
Thankfully, whenever there is a downturn, the investors regard Zomato as a company that is firmly set on the path of growth, and one that possesses the necessary potential to quickly become profitable. Swiggy, on the other hand, is seen as a high growth disruptive player with scope for rapid scale ups.
Zomato’s Edge: Its early entry into the public domain and launch in the market has placed it in a vantage position to kick start investor confidence.
Swiggy’s Potential: Thus, despite being a relatively young food delivery business, Swiggy has numerous operational advantages and impresses with its adaptive business models.
Conclusion
This translates to they have been directly competing in the stock market as they do in food delivery business. Of course, Zomato being older and having a larger market capitalization signifies more dominance compared to Swiggy though the latter getting listed has made the market a little more exciting.
Just as in the case of globalization vs. localization, investors need to decide whether they have a high risk tolerance and short investment horizon by backing Zomato, or low risk tolerance and long investment horizon for investing in Swiggy. While operating with a consistent growth in the background, Zomato comes with the flavor of striking a high growth delivery application – that’s Swiggy. In the fast growing world of food delivery in India, both firms have a great role to play in the future world of food delivery in India.
FAQ'S
What is the current market share of Swiggy vs Zomato in India ?
When comparing Swiggy vs Zomato market share , Zomato has a slight edge due to its larger restaurant network and services like Blinkit. However, Swiggy remains competitive, particularly in Tier 1 cities.
Who leads in the Swiggy vs Zomato market share battle ?
In the ongoing Swiggy vs Zomato market share competition, Zomato holds a larger share, but Swiggy excels in segments like grocery delivery with Instamart.
Is Swiggy share price available on stock exchanges ?
Yes, Swiggy’s share price is available on stock exchanges .
Is Zomato share price a good indicator of growth ?
The Zomato share price reflects its market performance and growth prospects. Analyze its financial reports and market trends before making investment decisions.
What are the key differences in services offered by Swiggy vs Zomato ?
When comparing Swiggy vs Zomato market share, Zomato offers additional services like restaurant reviews, table bookings, and grocery delivery via Blinkit. Swiggy focuses on grocery delivery through Instamart and meal subscriptions.
