<ul><li>Swiggy’s IPO opened on Tuesday, going public at a valuation of $11.3 billion, rivaling Zomato.</li><li>Zomato’s operating revenue for Q1FY25 was Rs 4,206 crore, compared to Swiggy’s Rs 3,222 crore.</li><li>During the quarter, Swiggy reported a net loss of Rs 611 crore against Zomato’s net profit of Rs 253 crore in the same period.</li><li>However, Swiggy’s quick commerce venture, Instamart, recorded a gross order value of Rs 2,724 crore compared to Zomato-owned Blinkit’s Rs 4,923 crore in the same period.</li><li>Swiggy boasted 557 dark stores at the end of June quarter, while Blinkit had 639, giving Blinkit a higher GOV and average order value compared to Instamart.</li><li>For Q1FY25, Swiggy’s food delivery business reported a gross order value of Rs 6,808 crore compared to Zomato’s Rs 9,264 crore.</li><li>Zomato had 20.3 million monthly transacting customers in Q1FY25 compared to Swiggy’s 14.03 million.</li><li>Swiggy plans to raise Rs 4,499 crore through its IPO, while Zomato announced raising Rs 8,500 crore through qualified institutional placement.</li></ul>

Swiggy IPO: Here's how it stacks up against Zomato

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