JM Financial terms Zomato, Swiggy ‘Indispensable’ to restaurant industry
Shortpedia
Content Team
Image Credit: inc42
In its recent report, brokerage firm JM Financial has termed food aggregators Zomato and Swiggy indispensable to the restaurant industry. It further said that restaurants in India can attribute a third of their revenue to food delivery aggregators Zomato and Swiggy. “With no meaningful competition in sight, we believe both incumbent aggregators are becoming indispensable to the ecosystem,” the report said.
