On February 12, shares of delivery tech companies Eternal (parent of Zomato) and Swiggy fell by up to 3%. This happened after reports suggested that Flipkart is planning to enter the online food delivery business.
According to an Economic Times report, Flipkart is exploring the idea and may start a pilot project in Bengaluru around May–June. If the pilot is successful, the company could launch the service on a larger scale by late 2026 or early 2027.
Jefferies estimates that India’s online food delivery market is worth around $9 billion in FY25 and may grow to $25 billion by FY30. Flipkart’s entry could increase competition for Zomato and Swiggy, which is why investors reacted cautiously and the shares came under pressure.
12 February ko delivery tech companies Eternal (Zomato ki parent company) aur Swiggy ke shares me 3% tak ki girawat dekhne ko mili. Reason ye raha ki reports ke according Flipkart food delivery business me entry lene ka plan bana raha hai.
Economic Times ki report ke mutabik, Flipkart is segment ko explore kar raha hai aur May–June me Bengaluru me pilot launch ho sakta hai. Agar pilot successful raha toh company late 2026 ya early 2027 tak nationwide launch kar sakti hai.
Jefferies ke estimate ke according, India ka online food delivery market FY25 me $9 billion ka hai aur FY30 tak $25 billion tak grow ho sakta hai. Flipkart ki entry se Zomato aur Swiggy ko tough competition mil sakta hai, isi wajah se investors ne short-term selling ki aur shares pressure me aa gaye.