How is India's food delivery market divided between Zomato and Swiggy?

It is a duopoly, with Zomato and Swiggy together controlling most of the market. The two companies' shares are closely matched, though Zomato is considered to have a slight edge. When listing, channel design needs to account for the balance of power between the two.

What strengths does each of Zomato and Swiggy have?

Zomato has powerful restaurant search and review features and rich marketing options, making it suited to expanding brand awareness. Swiggy, meanwhile, is distinguished by its own delivery-partner network and a loyal customer base built through its subscription, making it suited to repeat orders.

What is quick commerce, and which platform has the edge?

Quick commerce refers to short-time delivery, an area growing rapidly alongside food delivery. Zomato's Blinkit leads, with Swiggy's Instamart following. It is worth also considering instant delivery beyond food and drink.

In which cities, and on which platform, should a Japanese restaurant list?

In Tier 1 cities, listing on both is the basic approach, while in Tier 2 cities Zomato tends to have deeper penetration. Choosing the listing platform according to each city's characteristics can maximize reach.

What works to increase orders on the platform?

Menu photo quality, clear veg/non-veg labeling, and appropriate pricing directly affect search ranking and order rates. Full support for digital payments is also a must. Presentation and clarity translate directly into sales.

What should a Japanese restaurant decide first when preparing to list for delivery?

The starting point is deciding, based on whether your city is Tier 1 or Tier 2, whether to list on both Zomato and Swiggy or just one. On top of that, getting veg/non-veg labeling, menu photos, price range, and digital payment support in order makes it easier to be found on the platform.

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Zomato vs. Swiggy: A Thorough Comparison — A Guide to Cracking India's Food Delivery Market [Latest 2026 Edition]

2026.03.24

Article summary

India's online food delivery market, measured by total consumer spending, was about $46.34 billion in 2025 and is projected to grow to $269.77 billion by 2034 (a CAGR of 21.62%). As of Q1 2025, the two-player share stood at 58% for Zomato and 42% for Swiggy, with the gap narrowing. In quick commerce, Blinkit leads with a 40-45% share and had built out roughly 2,000 stores by the end of 2025.

This article is based on what we could verify As of August 1, 2026 in public records and news reports from India. India revises its tax rules and regulations frequently, and the details here may have changed since. When making an actual business decision, please check the latest information with primary sources such as the ministries responsible and local experts.

An overview of India's food delivery market

India's online food delivery market, measured by total consumer spending, reached about $46.34 billion in 2025 and is projected to grow to $269.77 billion by 2034 (a CAGR of 21.62%, Renub Research). Measured by platform GOV (gross order value), the two companies combined are worth about $10 billion annually, and it should be noted that the scope varies significantly by research firm. Driving this market are Zomato and Swiggy (Swiggy) are the two major players, and together they account for the majority of the market.

A thorough comparison of sales and earnings (latest FY2025 data)

Zomato Zomato's FY25 revenue was about 20,243 crore rupees (1 crore = 10 million rupees), up 67% year on year. In Q1 FY26, revenue was 7,167 crore rupees, recording growth of more than 70% year on year. Net profit stood at 25 crore rupees, remaining in the black.

Swiggy Swiggy's FY25 revenue is estimated at 15,227 crore rupees (up 35% year on year). In Q1 FY26, it was 4,971 crore rupees (up 54% year on year). On the other hand, its net loss widened to 1,197 crore rupees (up 96% year on year).

Trends in market share

As of Q1 2025, the share between the two companies was Zomato at 58% and Swiggy held 42%. Swiggy recovered from 40% to 42% in 2024, and the two companies' gap has narrowed from 20 points to 16 points.

The quick commerce war: Blinkit vs. Instamart

In addition to food delivery, "10-15 minute quick commerce" is growing rapidly. Zomato's Blinkit leads with a market share of 40-45% and had built out about 2,000 stores by the end of 2025. Swiggy's Instamart follows with 20-25% share.

Points for Japanese restaurants making use of these platforms

Zomato's strengths

More than 80 million monthly active users, and powerful restaurant search and review features. Instagram It also offers well-developed marketing tie-ins, making it suited to building brand awareness.

Swiggy's strengths

Its own delivery-partner network and a loyal customer base built through the Swiggy One subscription are distinctive features. Repeat order rates are high, making it suited to securing steady sales.

Key points of a listing strategy

Delhi-Mumbai-Bengaluru In Tier 1 cities and similar, listing on both Zomato and Swiggy is essential. Tier 2 cities In Tier 2 cities, Zomato tends to have deeper penetration.

Menu photo quality, veg/non-veg clear labeling, and appropriate pricing directly affect search ranking and order rates on the platform. digital payments Full support for digital payments is also a required condition.

Sources

Motilal Oswal – Swiggy vs Zomato: Battle for India’s Food & Grocery Crown
Outlook Business – Swiggy vs Zomato Q1 FY26 Growth Analysis
Renub Research – India Online Food Delivery Market Forecast 2026-2034
Kotak Neo – Swiggy vs Zomato: Market Share & Financial Performance
Trade Brains – Swiggy vs Zomato: Who is Winning the Food Tech War

Frequently asked questions

How is India's food delivery market divided between Zomato and Swiggy?: It is a duopoly, with Zomato and Swiggy together controlling most of the market. The two companies' shares are closely matched, though Zomato is considered to have a slight edge. When listing, channel design needs to account for the balance of power between the two.
What strengths does each of Zomato and Swiggy have?: Zomato has powerful restaurant search and review features and rich marketing options, making it suited to expanding brand awareness. Swiggy, meanwhile, is distinguished by its own delivery-partner network and a loyal customer base built through its subscription, making it suited to repeat orders.
What is quick commerce, and which platform has the edge?: Quick commerce refers to short-time delivery, an area growing rapidly alongside food delivery. Zomato's Blinkit leads, with Swiggy's Instamart following. It is worth also considering instant delivery beyond food and drink.
In which cities, and on which platform, should a Japanese restaurant list?: In Tier 1 cities, listing on both is the basic approach, while in Tier 2 cities Zomato tends to have deeper penetration. Choosing the listing platform according to each city's characteristics can maximize reach.
What works to increase orders on the platform?: Menu photo quality, clear veg/non-veg labeling, and appropriate pricing directly affect search ranking and order rates. Full support for digital payments is also a must. Presentation and clarity translate directly into sales.
What should a Japanese restaurant decide first when preparing to list for delivery?: The starting point is deciding, based on whether your city is Tier 1 or Tier 2, whether to list on both Zomato and Swiggy or just one. On top of that, getting veg/non-veg labeling, menu photos, price range, and digital payment support in order makes it easier to be found on the platform.