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Swiggy Has Let Its Leadership Slip Away, Says Motilal Oswal With ‘Neutral’ Rating

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[ad_1] Mumbai: Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.  In a note, the leading brokerage wrote that tight execution and better leveraging its platform can fix these issues. Key downside risks for Swiggy are “inefficient management or being unable to scale dark stores as planned may impact quick commerce profitability and high user retention and acquisition costs”. Further risks cited by MOFSL are Swiggy’s limited ability to expand margins in food delivery and quick commerce businesses, which could delay valuation re-rating, and intense competition in food delivery, quick commerce, and out-of-home sectors, which challenges its market position. Swiggy’s, through its innovation DNA, has played a pivotal role in both food delivery and quick commerce...

Not Just Swiggy, Zomato Also Crowns Biryani As Most Ordered Food In India

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[ad_1] Just a week after Swiggy, food aggregator Zomato unveiled its Zomato Food Trends (ZFT). This publicly available data analysis platform was launched on June 30. It aims in aiding the restaurant partners in taking a data-driven approach. It includes detailed information about prices, dishes and locations. This year, the trend has given an interesting insight into what Indians love to eat. Guess what? Right after its competitor, Zomato also crowned chicken biryani to be the most ordered and trending dish in the country. We are sure that didn't come as a surprise. After all, we share a mutual love for this delectable dish. When it came to the most trending cuisine, North Indian cuisine reigned undisputed. It was once again followed by our much-loved biryani. Also Read:  Twitter Compares Food Order Costs On ONDC With Zomato And Swiggy Chicken biryani tops the list of food trends in India. Image Credit: iStock The second position on the trending dishes list was occupied by C...