A fresh report published by Motilal Oswal reveals that Zomato continues to dominate India’s food delivery space with a 58% market share in the first quarter FY25.
On the other hand, its arch rival Swiggy lags behind at 42%.
Zomato Continues to Dominate Market Share
On the quick commerce space, Zomato’s Blinkit commands a 46% market share, while Zepto and Swiggy’s Instamart trail behind at 29% and 25% respectively in Q1FY25. The report read: “Zomato has continued to gain market share from Swiggy from FY22 to 1QFY25, aided by its stronger execution. According to reported gross order value (GOV), Zomato’s market share grew from 54 per cent in FY22 to 58 per cent in 1QFY25,”
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Zomato & Swiggy Boast Impressive Financials
Swiggy’s food delivery business recorded a Gross Order Value (GOV) of Rs 6,808 crore for the April-June period, while Zomato’s GOV reached Rs 9,264 crore. During Q1FY25, Swiggy had an average of 14.03 million monthly transacting customers, compared to Zomato’s 20.3 million.
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In related news, Motilal Oswal Asset Management is reportedly in discussions to invest in Zepto. Raamdeo Agrawal, chairman and co-founder of Motilal Oswal Financial Services, has personally invested in both Swiggy and Zepto.
