Swiggy, Zomato, magicpin: Food Delivery Sector Sees Strong Q4 Growth Momentum

• Swiggy, magicpin, Zomato regained growth momentum in Oct-Dec quarter, driven by festive demand and affordability.
• magicpin reported over 60% improvement in unit economics and strong growth in Bengaluru, Hyderabad, Mumbai.
• Swiggy's GOV grew 20.5% YoY to Rs 8,959 crore, its fastest in three years, with MTU reaching 24.3 million.
• Zomato's NOV increased 16.6% YoY to Rs 9,846 crore, and MTU grew 21% to 24.9 million.
• Growth is increasingly fueled by smaller cities (tier-II and III) due to affordability-led offerings.