Zomato Vs Swiggy: What’s a better stock to bet on at current levels

Food delivery companies have come into focus given Swiggy’s recent debut and share movement after listing. So far Zomato was the only listed entity in this space. With Swiggy’s entry, there is no doubt increased competition in that space.

The question then is what’s the better stock to bet on at current levels. Do valuations support Zomato or would it be appropriate for investors to put their money in the newly listed Swiggy shares?