Behind the resurgence: Zomato and Swiggy regain food delivery momentum in the December quarter

Growth in India’s food delivery market picked up pace in the October-December period, beating both analyst estimates and internal projections at Zomato and Swiggy.

Eternal-owned Zomato reported a 21.3% increase in gross order value, while Swiggy reported slightly slower growth at 20.5%, with both topping the 20% mark after several quarters. Their medium-term growth projection is 18-20%.