Zomato, Swiggy, ONDC: Motilal Oswal said it sees ONDC as potential threat to Zomato, only if it meaningfully scales up across categories, allowing it to achieve greater efficiency compared to the walled gardens.
Zomato: Motilal Oswal believes that the risk posed by ONDC will only become significant once it scales up in multiple categories which would give it the scale to override the delivery scale of the existing players.
Zomato and Swiggy have been reportely listed in the global Top 10 e-commerce-based food delivery companies. As per the global research firm ETC Group, Swiggy has been placed in 9th place and Zomato in 10th position.