Comparing Swiggy and Zomato, MOFSL said Zomato has been gaining market share in food delivery. But, on the basis of gross order value and monthly transacting users (MTU), Swiggy’s cohorts appear more mature and stickier.

The excitement towards Swiggy IPO is palpable, yet its financial data reveals a complex picture. Can it replicate the success of Zomato's IPO

Shares of foodtech major Zomato climbed over 4% in early trading hours today (October 8) after brokerage HSBC reaffirmed its ‘buy’ call on the stock, citing the company’s lead over Swiggy in terms of both growth and profitability across food delivery and quick commerce businesses.

There are three important factors where IPO-bound Swiggy lags its rival Zomato. Read on to know more about the factors highlighted.

Shares of food delivery giant Zomato were soaring by more than 3% in the exchanges on Tuesday as brokerages appeared bullish about the firm’s performance and see it maintaining its lead over competitor Swiggy.

Shares of Zomato continued to weaken amid the rising selling pressure but a number of brokerage firms continue to remain positive on it ahead of Q2 results and Swiggy's much-awaited IPO.