Swiggy all set to double Q-commerce store count to over 1,045; and area to 40 lakh sq. ft. by Mar 2025

Swiggy is betting big on its quick commerce business and plans to double its store count to over 1,045 with more than double the area to 40 lakh sq. ft. by March 2025, the company has said. On-demand convenience platform Swiggy, which runs its quick commerce business under the Instamart brand, said it is rapidly growing its geographical footprint, and is now available in 54 cities as compared to 27 cities in March 2024.

“Our growth strategy is based on hyperlocal expansion (same store growth and densification in existing cities), and geographic expansion (launching in new cities). We plan to double our store count by March 2025 (vs 523 in March 2024), while increasing the average size of our stores by 30-35 per cent,” it said in a management discussion shared on bourses.

The company further said it is replacing some of its older, small-format stores of 2,500-2,800 sq ft with larger stores of 3,500-4,500 sq ft that can house up to 20,000 SKUs. “Additionally, we are rolling out ‘megapods’ (8,000-10,000 sq ft) in top cities, which can house over 50,000 SKUs. These megapods will serve consumers in 10 to 30 minutes with an extended selection of items beyond the top 20,000 SKUs,” it added.

This facility is already available in many pincodes of Bengaluru, it said, adding many customers there have wider selection by “getting their most frequently used items in 10 minutes and the extended assortment in 10 to 30 mins through a single order basket, seamlessly fulfilled on a split-cart-basis”.

Overall, Swiggy said, “We expect to more than double our active dark store area to 4 million sq ft by March-25 (versus 1.5 million sq ft in March-24), through a combination of new store additions and larger sized stores.”

(Source: PTI)