Eternal vs Swiggy Comparison Food Delivery Economics - Eternal leads on revenue (₹2,863 Cr vs ₹2,206 Cr) and AOV for better monetisation per order. - Eternal's food delivery EBITDA positive; Swiggy remains meaningfully loss-making. Quick Commerce Scale - Eternal shows visible scale (₹9,891 Cr revenue, 1,816 dark stores) vs Swiggy in build-out mode. - AOV parity in QC indicates similar demand; unit economics and network density create difference. Revenue Drivers - Eternal's surge reflects inventory-led Blinkit model, beyond growth optics. - Blinkit holds 45% quick-commerce market share vs Swiggy Instamart's 27%. Long-Term Dominance Outlook Eternal (Zomato) positioned for market leadership through profitability, scale, and Blinkit's edge, though Swiggy invests aggressively in Instamart.