Zomato & Swiggy crashes as Rapido announces its plan to enter into food delivery business
Trade Brains
JUNE 9, 2025
The shares of these two leading food aggregators, Swiggy and Eternal Delivery aggregators are down by 2.5 percent and 2 percent respectively, after Rapido announced its foray into the food delivery business. The inspection on June 5 had found some food safety norm non-compliance amid considerable scrutiny of quick commerce dark stores.
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