Swiggy vs Zomato for CY23. Numbers taken from Prosus’s KPI datasheet for CY23. These are consolidated numbers (QCom + Food Delivery)
I’m not sure how will Swiggy ever make money for its shareholders. It requires significantly higher scale to achieve profitability akin to that of Zomato
| in INR crores | Swiggy | Zomato |
|---|---|---|
| Adj. Revenue | 10127 | 9268 |
| Adj. EBITDA | -2140 | 3 |
| Margin | -21% | 0% |
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