Gross order value is declining in the Indian food delivery sector
Gross order value is declining in the Indian food delivery sector. Swiggy's growth was 26% in CY2022, down from 76% in CY2021; meanwhile, Zomato's growth was 36% in CY2022, down from 112% in CY2021.
Both Zomato and Swiggy are witnessing a slow down in growth.
“The quarterly growth is low because of the demand slowdown we witnessed in our business from late October last year till the end of January this year.” - Zomato’s CFO, Akshant Goyal
Delhivery, a key player in India's e-commerce logistics sector, is showing signs of a maturing market as its once explosive growth begins to stabilize.
The share prices of online dating giants Match Group and Bumble have experienced significant declines in recent times, raising concerns among investors and analysts
D-Mart opened 41 new stores in FY24, consistent with the trend of adding 40-45 stores annually in previous years
Bumble shares fall 30% after its annual revenue forecast cut
In the State of Quick Commerce Market, 2024 Report, we delve into the factors contributing to the meteoric rise of quick commerce, its impact on traditional kirana stores, and the changing preferences of Indian consumers.
Download the 2024 Diwali Food Delivery and Eating Out report to understand how Indians approach dining options during the festivities.
Sales for the first week of the festive crossed ~₹54,500 crore, nearly 55% of total sales during the festive period
