Eternal, Swiggy Add Over ₹30,000 Crore in Market Cap This Week Amid Zepto’s IPO Delay

In a strong performance for India’s food and grocery delivery sector, Eternal (formerly Zomato) and Swiggy have together added over ₹30,000 crore in market capitalisation within just five trading sessions this week. This impressive growth comes at a time when rival Zepto finds itself navigating investor concerns and pushing its IPO plans to 2026.

Strong Week for Eternal and Swiggy on NSE

According to NSE data, from June 2 to June 6, Eternal and Swiggy surged in value, with Eternal alone contributing a whopping ₹20,217.48 crore in added market cap. Swiggy followed closely, adding ₹10,373.57 crore to its valuation during the same period.

Together, the two companies added ₹30,590 crore, equivalent to around $3.6 billion, reflecting renewed investor confidence in the online delivery space.

Stock Price Momentum Fuels Market Value Growth

The surge in market cap was driven by solid share price gains. Swiggy’s share price jumped 12% this week, trading around ₹372 per share on the NSE. Eternal also witnessed an 8.6% increase, with its stock trading at approximately ₹261.9 per share by the end of the week.

These numbers underline the bullish sentiment investors are showing toward listed food delivery stocks, especially as both players have shown improvement in operational efficiencies and market expansion.

Zepto Faces IPO Setback Amidst Competitor Rally

While Eternal and Swiggy enjoyed an upward trend, Zepto, a leading quick commerce unicorn, had a contrasting week. Earlier scheduled to go public in 2025, Zepto has now postponed its IPO to 2026. This delay reportedly stems from investor concerns over the company’s high cash burn rate and the need to boost revenue growth before stepping into the public market.

As Zepto recalibrates its strategies, the momentum appears to be shifting in favor of its more seasoned competitors. The public market seems to be rewarding companies with demonstrated performance and consistent growth—an area where both Eternal and Swiggy are currently delivering.

What This Means for the Sector

The sharp jump in market capitalisation for Swiggy and Eternal not only reflects their strong positioning but also sends a broader signal about investor sentiment in the online food and grocery delivery sector. With Zepto taking a cautious approach towards IPO, the already-listed rivals may continue to enjoy market dominance and capital inflows in the near term.

Market capitalisation, which is calculated by multiplying the share price with the total number of outstanding shares, is an important metric to assess a company’s market value. The performance this week places both companies in a stronger financial position ahead of potential future expansions or strategic plays.

Key Highlights:

• Eternal added ₹20,217 crore, while Swiggy added ₹10,373 crore in market cap this week.

• Swiggy shares rose 12%; Eternal up 8.6% on NSE.

• Zepto delays IPO to 2026, citing investor concerns over revenue and cash burn.

• Investor confidence remains high in established food delivery platforms.