The current quarter is likely to be another tough one for food delivery majors such as Swiggy and Zomato. During the January-March period (Q4), losses resulting from the quick commerce business ...

It expects losses to rise in the Q-com business over the next 12-15 months and believes that the pace of margin growth in the food delivery business will be slower. Both Swiggy and Zomato shares ...

Shares of Zomato and Swiggy depreciated on ... International and Westlife Foodworld over food delivery aggregators. BofA has downgraded Swiggy to underperform from buy rating at a target price ...

This appears to be drawing a sharp divide in the preferences of the rating agency, cutting between food delivery and food franchise companies. When we look at the performance of Zomato and Swiggy ...

BofA Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth prospects and the increasing competitive pressure in the food delivery industry The brokerage ...

With Assure, Swiggy wants to revolutionise the “procurement process for HoReCa customers” — at least that’s what the Assure ...

Stock market today: Shares of India's two leading food delivery aggregators—Zomato and Swiggy—have faced heavy selling pressure in recent trading sessions as global brokerages turned cautious ...

“These are early discussions to determine if Rapido can challenge the Zomato-Swiggy duopoly. The company already offers delivery services for individual restaurants using its two-wheeler fleet.

Zomato was downgraded to neutral from buy and Swiggy to underperform from buy as the two companies are expected to lag BofA’s adjusted EBITDA consensus. Investment ratings are given by stock ...