**Swiggy Denies Market Share Loss Claims for Instamart**
**Meta Description:** Swiggy refutes claims of Instamart losing market share, citing inaccuracies in a recent report and confirming data discrepancies.
**URL Slug:** swiggy-instamart-market-share-claims
**Swiggy Denies Market Share Loss Claims for Instamart**
In a recent exchange filing, Swiggy, the online food delivery and quick commerce platform, has firmly rejected allegations regarding its Instamart business losing market share to competitors. The company stated that the data referenced in a recent news report does not align with original research findings.
On November 27, 2025, Swiggy issued a clarification asserting that the media report concerning Instamart’s market position is “baseless and unreliable.” The company categorically denied the claims made in the article, emphasizing that the information presented is factually incorrect and misleading. Swiggy urged its shareholders to exercise caution and rely solely on official communications from the company.
The controversy arose from a news article that cited an internal memo from HSBC, which included data from market intelligence firm Redseer Consulting and competitor Zepto. However, Swiggy revealed that it had received confirmation from Redseer stating that no research data had been shared with HSBC or the news outlet in question. Furthermore, Swiggy noted that the market share figures mentioned in the article do not correspond with Redseer’s internal research.
In a statement, Swiggy highlighted, “The article refers to an internal memo from HSBC which, in turn, quotes data from Redseer and Zepto. We have received confirmation from Redseer that no data or analysis has been shared with HSBC or the news portal regarding this article, and the market share data mentioned does not match Redseer’s internal research.”
Redseer Consulting also issued a clarification, stating, “We would like to formally clarify that no data or analysis was shared by Redseer with HSBC or with the news portal in relation to this article. We confirm that the market share data and views mentioned do not align with Redseer’s internal research.”
As of November 28, 2025, the news portal has officially removed the article from its website.
**FAQ**
**Q: What did Swiggy say about the claims regarding Instamart’s market share?**
A: Swiggy denied the claims, stating that the data cited in a recent report is inaccurate and does not reflect their internal research.
