Swiggy vs Zomato: Why the current valuation difference cannot sustain?
Running into the Swiggy IPO, a key point of debate was the difference in growth rate with its close peer Zomato. For example, in Q1 FY25, Zomato’s year-on-year (y-o-y) revenue growth rate at 62 per cent was much stronger than Swiggy’s 34 per cent. The difference was also notable when one considers the booming quick…