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Behind the Resurgence: Zomato, Swiggy Regain Food Delivery Momentum in the Dec Quarter

India’s food‑delivery duopoly posted a strong rebound in the October‑December quarter, with Zomato’s gross order value climbing 21.3% and Swiggy’s rising 20.5%, both surpassing the 20% growth threshold. Monthly transacting users grew 21.5% to 24.9 million for Zomato and 18.1 million for Swiggy, while adjusted EBITDA jumped 25% and 48% respectively. The firms lifted the platform fee to Rs 15, reinforcing profitability as they chase budget‑conscious and health‑focused diners. Analysts see the resurgence as a buffer against looming entrants such as Rapido’s Ownly and a potential Flipkart launch.