The Dawn of ONDC: Is the end of Zomato-Swiggy duopoly near?
One of the biggest food delivery apps - Zomato's shares fell nearly 5% on Monday due the new disruptor in the market - ONDC. Zomato's stock price was Rs 62.45 and was down around 3.78% at closing. In fact, Zomato has even lost 5% in stock value terms in the past 3 trading sessions. So what is this ONDC and why is it being called a game changer? Neha Vashishth of ET Markets explains
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