Swiggy's market debut on November 13 intensifies its rivalry with Zomato, which has seen its shares rise over 100% since 2021. While Zomato leads in key segments, Swiggy's lower valuation may allow it to catch up, particularly in food delivery, though challenges remain in quick commerce. Aditya Suresh from Macquarie Capital notes that Swiggy is 4-6 quarters behind Zomato but has a clear path to expand its monthly transacting users.
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