Zomato-owned Blinkit delivery workers on strike, but analysts see up to 30% returns ahead
With the exit of Amazon, the food delivery market is now a settled duopoly with Zomato (55% market share) and Swiggy (45%)
India's food delivery industry is all set to grow rapidly in the medium term driven by intensifying internet penetration, rising consumption and growth in urbanisation. Zomato is a dominant player in the industry and analysts at Motilal Oswal forecast the company to report 29 per cent revenue CAGR over FY23-25.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started