India, May 26 -- Swiggy, Zomato Put Diversification Plans In Slow Lane

India's foodtech titans, Swiggy and Zomato (now Eternal), are making a strategic U-turn. After years of aggressive expansion across food delivery, quick commerce, events, and lifestyle services, both companies are pulling back from non-core bets to focus on core operations to drive profitability.

Dialling Down Diversification: The past few months have seen Zomato pull the plug on its 15-minute food delivery service, Quick, and home-made meal service, Zomato Everyday. Swiggy, too, has made similar retreats by suspending pick-and-drop service, Genie, and offloading the rights of its multiple digital-first food brands to Kouzina. Analysts say the two are shedding "visce...