Overview

• On July 3, Swiggy’s stock jumped 20% and Eternal’s gained 11%, outperforming the NSE Nifty 100.
• Analysts say losses at Swiggy’s Instamart and Eternal’s Blinkit have peaked, prompting a shift to profitability.
• Swiggy, Eternal’s Blinkit and Zepto together command roughly 88% of India’s quick-commerce market.
• Bloomberg Intelligence forecasts India’s quick-commerce sector could expand to $100 billion by 2030.
• A pending Zepto IPO and fresh investments from Amazon and Flipkart are set to intensify competition.