Several moves, such as penetrating deeper into Tier 2 cities and beyond, first-mover advantage, and a more pan-India focus, have worked in favour of Zomato. When the pandemic brought to a standstill, Swiggy was hurt more than Zomato
India Business News: BENGALURU: Swiggy suffered a loss of $540 million (over Rs 4,400 crore) in calendar year 2022, data extrapolated from its investor Prosus’s 2023 annua.
Swiggy's losses: Swiggy's core restaurant food delivery business, Prosus said, recorded GMV growth of 26 per cent, while Instamart its quick commerce vertical - grew its GMV by 459 per cent