Zomato Parent, Swiggy Slip as Flipkart Eyes Food Delivery Entry

Shares of Eternal (Zomato parent) and

Swiggy fell up to 3% after reports that Flipkart is exploring a food delivery launch. The Walmart-owned firm may pilot in Bengaluru and leverage its quick commerce network, intensifying competition in India’s $9 billion food delivery market ahead of its planned IPO.