A renewed interest in the online food delivery space has seen Zomato competing with market leader Swiggy even as Uber and Ola entered the fray in 2017. Swiggy and Zomato are in talks with at least three new investors each to raise more capital, the people said. The online food delivery business, which was written off not too long ago, has attracted much investor interest over the past six months. Ltd), which had shut its food delivery business Ola Cafe in 2016, re-entered the space by acquiring FoodPanda’s India operations in December. Swiggy leads the online food delivery stack with a 35-38% market share, followed by Zomato at 25-30%, according to RedSeer Consulting, an internet-focused consultant in India.

Source: Mint April 01, 2018 21:56 UTC