HSBC Delivers a Price Cut: Zomato and Swiggy Face Heat in Q-Comm Battle

Unknown Apr 02, 2026 600 Views

Global brokerage HSBC has updated its views on Zomato and Swiggy, two of India's largest food delivery and quick commerce (Q-Comm) players. HSBC has lowered its target prices for both firms citing intense competition and pricing pressures in the fast-changing Q-Comm space while being conserva...