Zomato vs Swiggy: Macquarie compares food delivery, quick commerce biz

Zomato vs Swiggy IPO, Macquarie report: Ahead of food aggregator Swiggy’s likely initial public offering (IPO) in November 2024, brokerages have been drawing Swiggy’s comparisons with its close rival and listed player Zomato to judge which stock is a better bet for investors.

Global brokerage Macquarie is the latest to join the league. For easier comparison between Zomato and Swiggy, analysts at Macquarie have divided and analysed the two companies’ ‘food delivery’ and ‘quick commerce’ verticals.