Swiggy

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

TFW Bureau Dec 05, 2024 - 2 min read

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 ...

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Delivery platform Swiggy narrows its loss marginally to Rs 626 crore in Q2

TFW Bureau Dec 04, 2024 - 2 min read

Food and grocery delivery platform Swiggy has reported a narrowing of consolidated net loss at Rs 625.53 crore for the second quarter ended September 30 on the back of continued growth of the food delivery business. The company, which is declaring its quarterly results to stock the exchanges for the first time since it went ...

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Swiggy expands its 10-minute delivery service 'Bolt' to over 400 cities

TFW Bureau Dec 03, 2024 - 1 min read

On-demand convenience platform Swiggy Ltd has expanded its 10-minute food delivery offering, Bolt, to over 400 cities and towns across India. Initially launched in Bangalore, Chennai, Hyderabad, New Delhi, Mumbai, and Pune, Bolt is now active in cities like Jaipur, Lucknow, Ahmedabad, Indore, Coimbatore, and Kochi as well, Swiggy said in a statement. Swiggy has ...

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CCI finds Zomato and Swiggy guilty for violating competition laws

TFW Bureau Nov 11, 2024 - 1 min read

    India's Competition Commission of India (CCI) has found food delivery giants Zomato and Swiggy guilty of violating competition laws, according to a report by Reuters. The investigation revealed that both companies allegedly engaged in practices favouring select restaurant partners, thereby limiting market competitiveness, according to documents cited in the report. The investigation reportedly ...

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Day two of offer: Swiggy IPO receives 35% subscription

TFW Bureau Nov 09, 2024 - 1 min read

Swiggy’s initial public offering (IPO) received a 35% subscription on day two of the share sale. The initial share sale of the food delivery and quick-commerce major received bids for 5,56,98,652 shares against 16,01,09,703 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 84% while the category for ...

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Swiggy collaborates with SwopStore, to boost sales and customer retention

TFW Bureau Oct 24, 2024 - 1 min read

Swiggy, an online food delivery platform, has partnered with SwopStore, a customer acquisition platform. This collaboration is expected to drive growth in Swiggy’s sales, leveraging SwopStore’s innovative approach to customer engagement and retention. SwopStore, claims to revolutionising how brands interact with customers by utilising advanced technology and strategic insights to boost engagement and conversion rates. ...

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Mapping Success: The Role of Location in the Rise of Quick Commerce and Franchise Opportunities

Beny Sachdeva Oct 17, 2024 - 3 min read

In a less prominent part of Mohali in Punjab, popularly known as “Mataur,” nestled among small stores and mom-and-pop shops, a building with decent infrastructure has suddenly become the hub of bustling activity. Over 50 Blinkit delivery riders swarm the area daily, and the building now provides employment and wages to many in the neighborhood. ...

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Zepto’s Daily Orders Surge to 8 Lakh, Aims for 1000 Stores by March 2025

Beny Sachdeva Sep 18, 2024 - 1 min read

Quick commerce company Zepto, known for its 10-minute grocery delivery service, has seen a significant increase in daily orders. Himanshu Sharma, VP - Real Estate & Facility, Zepto shared that the company till last year handled 3-4 lakh orders per day, which has now grown to 8 lakh orders daily. Currently, Zepto operates 424 stores ...

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Ola's Strategy to compete with Blinkit and Swiggy Instamart

TFW Bureau Jun 29, 2024 - 2 min read

  Ola, a taxi service, is planning to start delivering groceries. Ola plans to use the Open Network for Digital Commerce (ONDC) platform to introduce its services in the next days, according to a report. Ola is making its third effort to enter the online grocery delivery market with this initiative. They had previously introduced stand-alone supermarkets and a food ...

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Swiggy to integrate Instamart with online retail platform Mall

TFW Bureau Apr 19, 2024 - 1 min read

  Food tech giant Swiggy on Thursday said it will integrate Swiggy Mall with its quick commerce offering Instamart, to broaden the choice for consumers looking to purchase products other than groceries and staples. Swiggy Mall, which is currently operational in parts of Bengaluru, marked the company’s foray into online retail. The company said Swiggy ...

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