The brokerage said that the food businesses of Swiggy and Zomato have matured; hence it expects the firms to see margin expansion and strong free cash flow growth over the next three years.
Zomato shares have fallen nearly 29 percent in 2025 so far, while Swiggy shares steeply fell around 40 percent during the period
Morgan Stanley recently retained its ‘overweight’ rating on Zomato with a target of Rs 235. The brokerage said Zepto raising funding round increases the relevance of Quick Commerce (QC) channel.
Swiggy mentioned that Bangalore, Mumbai, Hyderabad, Delhi, and Chennai ordered the most number of items
UPI payments platform came under pressure as online food and grocery platforms clocked record orders per minute, with many users complaining about failed transactions.
While its market share has grown in recent years and popularity has increased manifold after the outbreak of the pandemic, Zomato’s IPO pricing has raised many eyebrows
The entry of Amazon Food could have massive implications for Swiggy and Zomato.