To understand the dynamics of India’s quick-commerce market, Swiggy’s Food Marketplace CEO Rohit Kapoor advises against relying on “selective figures shared by private competitors.”
Instead, he recommends turning to listed entities like Zomato Ltd. and Swiggy Ltd. for dependable data. Speaking with NDTV Profit following the company’s first-ever quarterly earnings report post-listing, Kapoor noted that market share statistics are “not publicly available.”
“We prefer to rely on data from listed players, such as Blinkit under Zomato and ourselves, for market share claims, rather than giving weight to selective figures from private competitors who may not adhere to the same standards of transparency and reporting that we are required to follow,” Kapoor stated.
He further highlighted Group CEO Sriharsha Majety’s viewpoint that large private competitors should also be held to a higher standard of information disclosure.
In the September quarter of the current fiscal, Swiggy’s loss expanded to ₹626 crore, compared to ₹611 crore in the June quarter.
The food delivery segment showed a sequential growth of 4%, while out-of-home consumption saw a 28% increase. According to an exchange filing on Tuesday, supply-chain and distribution saw a 14% increase, while quick commerce climbed by 31%.
