Made in India, Priced in Gold: E-Comm Firms Toast Market Dominance

Indian leading e-commerce titans Swiggy Ltd. and Eternal Ltd., parent of Blinkit and Zomato, have outpaced domestic standards as well as regional rivals, including behemoths from China, with investors' expectations of profitability and leadership in the market continuing to gain strength.

 

Swiggy's stock increased 20% in June, with Eternal up 11%, both beating the NSE Nifty 100 Index. The rally is a testament to growing optimism in India's quick-commerce space that provides delivery of essentials in under 10 minutes and is projected to reach $100 billion by 2030, according to Bloomberg Intelligence.

 

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Sources: Moneycontrol, MSN, Business Standard, The Hindu Business Line, Times of India