Zomato and Swiggy

India’s food-tech unicorns Zomato and Swiggy -- valued at $5.4 billion and $3.5 billion respectively -- have a long way to go to catch up to their food delivery counterparts across the world, in terms of valuation and revenue. Zomato is also heading for a public market debut in 2021. According to JM Financial report, for calendar year 2020, while Zomato’s food GMV stood at $1.6 billion, Swiggy was not so far behind at $1.5 billion.