ONDC Takes on Zomato and Swiggy in a Race to Beat 10,000 Daily Orders
Due to their accessibility and convenience, online food delivery services have recently become extremely popular in India. Zomato and Swiggy, two significant players in this market, have been in charge for a while. On the other hand, a recent competitor named ONDC (Order and Food Delivery Network Company) has made waves with its cutting-edge business strategy. In order to understand the success of these three businesses, we will compare and contrast their performances in this report and examine their business models.
Since Zomato and Swiggy have been operating on the market for a lot longer than ONDC, they are more well-known. Zomato currently holds a 47% market share, while Swiggy holds a 37% market share. On the other hand, ONDC, which currently holds a 16% market share, has been expanding quickly lately.
ONDC food delivery marks 10,000 Daily Orders
The number of daily orders is one area where ONDC food delivery has been performing exceptionally well. For a business with less than two years on the market, ONDC food delivery achieved a significant milestone in April 2023 when it surpassed the 10,000 daily order mark. On the other hand, Zomato and Swiggy have been processing significantly more orders, with Zomato processing close to 2 million orders per day and Swiggy processing close to 1.5 million per day.
However, ONDC food delivery differs from Zomato and Swiggy in that it has a distinctive business model. It uses a decentralised model of operation and collaborates with neighbourhood restaurants and delivery personnel. Because of this, ONDC has been able to grow quickly and give its customers access to a wider variety of food options.
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