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Hello reader,
My husband is convinced that I have a grocery shopping addiction.
Most people explore the beaches or museums when vacationing, while I hit the local supermarket. I want to know what cereal the locals eat and how their fruits and vegetables are different from what I get in my city.
Apparently, this obsession with groceries isn’t new. My mom swears that as a child, I would grab every reachable item off the shelf when we went grocery shopping.
Fast forward to adulthood, my guilty pleasure now lives in my phone in the form of Swiggy Instamart. I order so often that the app probably thinks I have 10 family members at home.
Turns out, I am not alone in my grocery app addiction.
Zomato (now rebranded as Eternal) and Swiggy are both seeing major growth in their quick commerce verticals. Meanwhile, their core food delivery businesses are slowing down – a sign that urban Indians are changing their buying behavior.
In today’s top story, I break down this duopoly’s rivalry with eight charts that cut through the noise and show who’s really winning.
In another top story, my colleague Glenn explains why a European esports company is acquiring Indonesia’s Bigetron. It’s a move that signals more than just a cross-border expansion, as for smaller esports teams in Southeast Asia, this could be the beginning of a trend: acquisition as survival.
Samreen Ahmad, journalist
Top Stories
1️⃣ Duopoly decoded: Zomato vs. Swiggy in 8 charts
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