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Eternal vs Swiggy: Why is Macquarie still bearish despite Blinkit’s $5.5 billion scale

Posted on August 21, 2026
By Financial Express
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1 min read

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Eternal vs Swiggy: Why is Macquarie still bearish despite Blinkit’s $5.5 billion scale

Eternal vs Swiggy is no longer just a food-delivery battle. Blinkit’s lead over Instamart is widening, but Macquarie says the real test is whether rapid quick-commerce growth can finally translate into durable profits.