Zomato Faces Market Share Decline Amidst Rivals' Rapid 10-Minute Delivery Expansion

Zomato lost some ground in the food delivery segment, which it claims is largely up for grabs after Q3 FY25, with Swiggy and Zepto aggressively scaling their 10-15 minute delivery services," said ICICI Securities. This includes the fact that gross order value in Zomato increased only 17% year-on-year, which came in at below expectations. Zomato also lost some of the growth momentum despite offering its own quick delivery options, in its monthly transacting customers count. "But long-term growth opportunity still looks huge," the broker said.

Source: ICICI Securities