Delivery workers across India called a strike on Dec 25 and Dec 31, and the news pushed Swiggy and Zomato stocks down by roughly 2% each.
What the strike is about
Two unions – the Telangana Gig and Platform Workers Union and the Indian Federation of App‑Based Transport Workers – said delivery partners are facing lower earnings, long and unpredictable hours, unsafe delivery targets, sudden account bans, and no basic social security.
- Workers want clear, fair pay that matches actual hours and costs.
- They ask for the removal of ultra‑fast delivery promises (like 10‑minute orders) that they say endanger safety.
- They demand proper procedures before suspending accounts.
- They seek better accident insurance, safety gear, guaranteed work, and mandatory rest breaks.
- They also want stronger in‑app grievance systems and benefits such as health insurance, accident coverage, and pensions.
Impact on Swiggy and Zomato (Eternal)
Swiggy’s share price fell to ₹391.40, marking a fourth straight day of losses. Zomato’s parent company, Eternal, slipped to a five‑month low of ₹279.70.
In the past week, Swiggy’s stock has dropped more than 4%, and it is down over 27% for the year 2025. Eternal fell 8% over the last month but is up about 7% over the past six months, with a modest 2% gain so far in 2025.
Zepto’s IPO move
Quick‑commerce startup Zepto is expected to file a confidential draft prospectus on Dec 26, aiming to list next year. The Bengaluru‑based company, founded in 2020, hopes to become one of the youngest firms on the Indian exchanges, possibly going public by 2026.
Why investors should care
The strike came at a time of high demand for food delivery and quick‑commerce services, adding pressure on the companies’ earnings and investor sentiment. At the same time, Zepto’s upcoming IPO could attract attention and capital to the sector, potentially offsetting some of the negative sentiment.
Bottom line: Delivery‑partner unrest is hurting Swiggy and Zomato shares, while Zepto’s IPO plans keep the broader quick‑commerce space in the spotlight.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.