Swiggy ‘categorically and strongly’ denies data claiming it has lost No. 2 position to Zepto; issues clarification on BSE with ’email proof’

Swiggy has vehemently denied reports claiming its quick-commerce arm, Instamart, lost market share to Zepto. The company stated that claims citing HSBC and Redseer data are “baseless and unreliable,” with Redseer itself confirming no data was shared. This rebuttal underscores the intense competition for the second position in India’s quick-commerce market.