India, Nov. 27 -- Swiggy has rejected the market share figures reported by a media publication citing an internal memo from HSBC which cited data from Redseer and Zepto.

"The article refers to an internal memo from HSBC which in-turn quotes data from Redseer and Zepto. We have received a confirmation from Redseer confirming that (i) no data or analysis has been shared by Redseer with HSBC or with MoneyControl in relation to the article; and (ii) the market share data and view mentioned in the article does not match Redseer's internal research," Swiggy said in an exchange filing.

Swiggy described the data cited by competitor Zepto as baseless and unreliable. "The data and views referred to in the article by an unlisted competitor are the...