Zomato market share: Zomato leads food delivery with 58% market share in Q1, Blinkit tops quick commerce: Motilal Oswal

Deepinder Goyal-led Zomato is leading India’s food delivery space with a market share of 58% in the first quarter of FY25, according to a report by Motilal Oswal. Recently-listed rival Swiggy lags with a 42% share.

In the rapidly growing quick commerce space, Zomato-owned Blinkit commands a 46% market share, followed by Zepto at 29% and Swiggy Instamart at 25%, in Q1FY25.

“Zomato has continued to gain market share from Swiggy from FY22 to 1QFY25, aided by its stronger execution. According to reported gross order value (GOV), Zomato’s market share grew from 54% in FY22 to 58% in 1QFY25,” the report said.

The Bengaluru-based company has been in a fierce rivalry with Zomato across these segments and others such as dining out. Even though quick commerce is now the fastest growing for both players, food delivery remains the biggest revenue driver.

While Swiggy’s food delivery business reported a GOV of Rs 6,808 crore in the April-June period, Zomato’s food delivery GOV came in at Rs 9,264 crore. Swiggy had 14.03 million average monthly transacting customers in Q1FY25 while Zomato had 20.3 million.

ET reported earlier that Motilal Oswal Asset Management is in talks to invest in Zepto. Raamdeo Agrawal, chairman and cofounder of Motilal Oswal Financial Services, has invested his personal capital in both Swiggy and Zepto.