Can Zomato and Swiggy overcome profitability challenges amidst strong competition?

In QC segment, while each of firms reported more than 2-fold rise in GOV and revenue, Zomato’s QC service Blinkit outshone Swiggy’s Instamart. “Instamart continues to lag Blinkit in growth and incremental unit economics,” said Anand Rathi Research.

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