Swiggy, Zomato shares extend fall as quick commerce burn weighs
Swiggy’s market capitalisation has now fallen below $10 billion, while Gurugram-based Zomato’s valuation slipped under $23 billion. Jefferies recently flagged rising competition in quick commerce, forecasting 2025 as a consolidation year for Zomato after its 2024 rally. While praising Zomato’s growth potential, Jefferies warned that rising competition could lead to aggressive discounting, risking medium-term profitability.
Swiggy’s market capitalisation has now fallen below $10 billion, while Gurugram-based Zomato’s valuation slipped under $23 billion. Jefferies recently flagged rising competition in quick commerce, forecasting 2025 as a consolidation year for Zomato after its 2024 rally. While praising Zomato’s growth potential, Jefferies warned that rising competition could lead to aggressive discounting, risking medium-term profitability.
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