Bengaluru, Nov. 3 -- India's food-delivery giants, Swiggy Ltd and Eternal Ltd (formerly Zomato), are utilizing their funds differently, indicating contrasting strategic priorities since their major fundraising drives in 2024.

While Swiggy used its funds to expand dark stores, repay debt, and support daily operations, Eternal adopted a more conservative approach, parking most of its capital in safe assets such as government securities and fixed deposits.

Mint examines their divergent plans to understand what lies ahead for the country's food-delivery ecosystem.

In November 2024, Swiggy and Eternal raised substantial funds. Swiggy launched its initial public offering (IPO), raising a total of Rs.11,327 crore. Of which, only Rs.4,359 cror...