Zomato gains market share from rival Swiggy despite latter’s bigger discount offer

Despite Swiggy’s larger discounts, Zomato surpassed its Bengaluru-based competitor in the market share between January and June.

Zomato had a gross merchandise value (GMV) of $1.6 billion over the time period, compared to Swiggy’s GMV of $1.3 billion, and held an average market share of 55% in the meal delivery sector.