Overview of the Food Delivery and Ride-Sharing Industry
According to a report by Mordor Intelligence, the global ride-sharing market has a size of $53.02 billion as of 2025. It is expected to grow at a compound annual growth rate of 11.45% between 2025 and 2030, reaching $91.16 billion at the end of the forecast period. Europe is the largest market for the ride-sharing industry. However, Asia Pacific takes the lead as the fastest-growing. The industry has a low market concentration.
Some of the key reasons behind this growth include a rise in initiatives to bring carbon emissions down and rapid urbanization, as well as trends such as lack of efficient public transportation services in various countries. The rising expenses of vehicle ownership and maintenance are also significant growth drivers for this industry. Similarly, innovative trends in the ride-sharing industry, such as driverless vehicles, are also allowing growth.
The online food delivery industry has become a force to reckon with due to recent technological advancements. According to a report by Mordor Intelligence, the online food delivery market has a size of $780 billion as of 2025. It is anticipated to grow at a compound annual growth rate of 15.01% between 2025 and 2030, reaching $1.57 trillion at the end of the forecast period. Similar to the ride-sharing industry, the food delivery sector has a low market concentration. Asia Pacific is the largest market for the industry, and it is also the fastest growing.
Some of the primary factors behind growth in this sector to be urbanization, technological advancements, and rapidly changing consumer lifestyles. Since smartphones and high-speed internet have become a pivotal part of consumer life, online food ordering has become accessible and seamless. Similarly, the emergence of cloud kitchens, which only offer food delivery without traditional dining options, has slashed operational expenses and allowed restaurants to make food delivery their specialty, further bolstering market scalability.
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Technological Advancements in the Food Delivery and Ride-Sharing Industries
The use of innovative technology is increasingly altering the food delivery and ride-sharing industries. For instance, Grubhub and Avride announced a collaboration to bring autonomous robot food delivery to colleges across the country. While the service is currently only available at The Ohio State University, students studying at Grubhub partnered campuses can easily order snacks, meals, and convenience items through delivery carried out by robots.
The first fleet of the collaboration’s 100 robots is currently active in The Ohio State University campus. The fleet is fitted with next-generation models that can manage high delivery volumes in the university’s premises. This advanced technology was derived from Avride’s expertise in autonomous vehicles, as its robots are reliable, intelligent, and able to navigate challenging environmental conditions such as snow and rain.
Since both the food delivery and ride-sharing industries are expected to grow at notable compound annual growth rates, let’s look at the best ride-sharing and food delivery stocks that are popular among elite hedge funds.
A close up view of a hand holding a smartphone, using a ride sharing app.
Our Methodology
We sifted through stock screeners, financial media reports, and ETFs to compile a list of ride-sharing and food delivery stocks and ranked them in ascending order of hedge fund sentiment as of fiscal Q4 2024. We sourced the hedge fund sentiment data from Insider Monkey’s database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Ride Sharing and Food Delivery Stocks List Ranked by Hedge Fund Sentiment
9. Marti Technologies, Inc. (NYSE:MRT)
Number of Hedge Fund Holders: 4
Headquartered in Istanbul, Marti Technologies, Inc. (NYSE:MRT) offers tech-enabled urban transportation services to riders across Turkiye. The company operates through two segments: Ride-Hailing and Two-Wheeled Electric Vehicle Rentals. The Ride-Hailing segment matches riders with drivers going in the same direction for ride-sharing and motorcycle rides, while the Two-Wheeled Electric Vehicle Rentals segment manages electric bikes, scooters, and moped rental services.
The company announced that as of March 25, its ride-hailing service reached 290 thousand registered drivers and 1.91 million riders, surpassing its March 31 target of 290 thousand registered drivers and 1.90 million riders. Marti Technologies, Inc. (NYSE:MRT) thus underwent an 18.6% growth in the number of ride-hailing riders between December 15, 2024, and March 25, 2025, while the number of registered drivers grew 13.9% during the same time period. This notable growth in the company’s ride-hailing marketplace reflects the strong demand for its services across the country.
Marti Technologies, Inc. (NYSE:MRT) has set a target of 2.15 million riders and 310 thousand registered drivers by June 30, 2025. On April 14, Litchfield Hills analyst Theodore O’Neill initiated coverage of Marti Technologies, Inc. (NYSE:MRT) with a Buy rating and a $7 price target. In a research note, the analyst told investors that the company is “growing rapidly” as a market share leader and that Turkiye represents a large, underpenetrated market opportunity.
8. Swvl Holdings Corp. (NASDAQ:SWVL)
Number of Hedge Fund Holders: 7
Swvl Holdings Corp. (NASDAQ:SWVL) is a tech-driven mobility company that offers mass transit solutions. It offers services to its customers through two offerings on its platform: business-to-consumer (B2C), which comprises Swvl Retail and Swvl Travel, and business-to-business (B2B), which covers the transport as a service (TaaS) model. The company has operations in 82 cities in seven countries worldwide.
On April 2, Swvl Holdings Corp. (NASDAQ:SWVL) highlighted its financial performance for fiscal year 2024 through an investor presentation, reporting notable revenue and gross margin improvements. Its dollar-pegged revenue underwent a 95% growth compared to last year. The company also attained a 64% reduction in cash flows used in operations between fiscal years 2023 and 2024. These positive results reflect Swvl Holdings Corp.’s (NASDAQ:SWVL) strategic focus on improving operational efficiency and optimizing its transport network, positioning it for continued success in the industry.
On February 10, the company announced a $2 million private placement, which is expected to support US expansion and highlights confidence in Swvl Holdings Corp.’s (NASDAQ:SWVL) growth strategy. The company takes the 8th spot on our list of ride-sharing and food delivery stocks ranked by hedge fund sentiment.
