Zomato, Swiggy make it to top 10 global online food delivery firms

TIL Desk/Business/New Delhi/ Homegrown online food delivery platforms Zomato and Swiggy have made it to the list of the world’s ‘Top 10’ e-commerce-based food delivery companies, says a new report. According to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th.

Meanwhile, China’s Meituan, the UK’s Deliveroo, and the US’ Uber Eats, a subsidiary of Uber, captured the top 3 positions, respectively. “The food delivery sector refers to digital, on-demand platforms for ordering and paying for prepared food and, increasingly, groceries and other retail items,” the research firm said in a statement.

“Restaurants/retailers fill the orders and couriers deliver them to customers within a prescribed timeframe,” it added. In June 2022, Zomato approved the acquisition of quick commerce start-up Blinkit for Rs 4,447.5 crore ($570 million) in an all-stock deal. Zomato already owned more than a 9 per cent stake in Blinkit (earlier Grofers). Meanwhile, Swiggy, a subsidiary of Bundl Technologies Private Ltd, deals with prepared food (restaurant) delivery, cloud kitchen, and grocery delivery via Swiggy Go.