Swiggy, magicpin, and Zomato Report Growth Momentum in Q3 Food Delivery Market

India's leading food delivery companies—Swiggy, magicpin, and Zomato—experienced renewed growth in the October-December quarter, driven by festive demand, affordability-focused offerings, and expanding user bases. Swiggy's gross order value rose 20.5% year-on-year to Rs 8,959 crore, with monthly transacting users increasing 22%. Magicpin reported over 40% growth in key cities and improved unit economics by 60%. Zomato also showed improving growth trends. Industry executives expect this momentum to continue with ongoing investments in marketing and product innovation.