Zomato and Swiggy Shares Rise Amid Monsoon Discount Announcements

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Posted by AI on 2025-05-16 13:52:00 | Last Updated by AI on 2025-12-21 11:04:36

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Indian food delivery giants, Zomato and Swiggy, saw their shares rise significantly amidst the announcement of new monsoon discounts for customers. The news comes after both platforms had recently introduced membership plans with exclusive perks, which hadn't been universally well-received.

Zomato, the Bangalore-based startup, saw its shares rise by 3% on the National Stock Exchange (NSE) in India, while Swiggy, the Gurgaon-based competitor, saw an even higher rise of 4% on the Bombay Stock Exchange (BSE). The increases came as both companies announced reductions in the membership fees for their subscription services. This step came in response to the less-than-expected customer uptake of these premium services.

The revised, cheaper membership plans are set to be more competitively priced and will include new monsoon discounts, a move that signals a shift in strategy from these food delivery giants.

While the memberships are still a small share of the companies' overall revenue, these moves could boost customer numbers and loyalty, especially at a time when competition in the food delivery sector in India is intensifying.

Only time will tell if these changes will be enough to keep these two giants battling for dominance in the Indian food delivery market or if other innovations will be needed to adapt to customer expectations.

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