Swiggy surpasses Zomato in revenue and scale in FY22

  • Covid-19 had a significant impact on businesses, including foodtech majors Zomato and Swiggy, who saw a 20% decrease in scale during FY21.
  • However, both companies have recovered during FY22, as reflected in the numbers.
  • Zomato’s gross revenue grew more than twofold to Rs 4,192 crore, while Swiggy’s revenue grew to Rs 4,735 crore.
  • Swiggy’s scale grew by 30% in FY22, while Zomato’s scale grew by 7%.