Swiggy's GMV reaches $1.43 billion in 1H24; here's what brokerages say
Swiggy's core food delivery business grew 17% and delivered gross merchandise value (GMV) of $1.43 billion in the first half of FY24. Swiggy gains share, Zomato superior in execution, says JM Financial; Zomato has increased its market share in the last two years for food delivery.
Food-Tech Review: Domestic brokerages have conducted comparisons between food-delivery tech companies, Swiggy and its rival Zomato, following global investment firm Prosus's review report on Swiggy.
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