Swiggy , the popular food delivery platform, is set to implement a new fee structure for select partner restaurants, specifically targeting orders placed through its SwiggyOne program. This change, scheduled to take effect from November 25, adds another layer to the company's existing fee model.

New Fee Structure

The new fee structure introduces an additional per-order charge for partner restaurants based on their percentage of SwiggyOne orders. This comes on top of the existing commission structure and other charges already in place.

Recent Fee Adjustments

This latest change follows a series of fee adjustments implemented by Swiggy in recent months:

Impact on Restaurants

The introduction of this new fee structure could potentially impact the profit margins of partner restaurants, especially those with a high percentage of SwiggyOne orders. Restaurants may need to reassess their pricing strategies or operational costs to accommodate these additional charges.

SwiggyOne Program

SwiggyOne, the company's loyalty program, offers benefits to frequent users. However, with these new changes, it remains to be seen how this might affect the program's attractiveness to both customers and partner restaurants.

As the food delivery landscape continues to evolve, it will be interesting to observe how these fee adjustments influence the relationships between Swiggy, its partner restaurants, and its customers. Restaurants and customers alike will need to stay informed about these changes and their potential impacts on food delivery costs and services.

Swiggy , the food delivery and quick-commerce giant, has successfully secured shareholder approval for a significant capital raise. In an Extraordinary General Meeting (EGM) held on December 8, shareholders approved a special resolution to raise up to Rs. 10,000 crores through a Qualified Institutional Placement (QIP) of equity shares to eligible investors.

Key Highlights of the Approved QIP

EGM Details

The Extraordinary General Meeting was conducted on December 8. The e-voting process concluded at 3:50 PM IST, with a strong turnout of 1,906 shareholders participating. The special resolution received overwhelming support, with 99.48% of the votes cast in favor of the capital raise.

Planned Utilization of Funds

While specific details of fund utilization were not provided in the latest update, based on previous information, Swiggy may use the proceeds for:

• Expansion of quick-commerce fulfillment network, including dark stores and warehouses
• Investment in technology and cloud infrastructure
• Brand marketing and business promotion
• Repayment or pre-payment of borrowings
• Funding potential acquisitions and general corporate purposes (limited to 25% of the proceeds)

Strategic Implications

The successful approval of this substantial capital raise strengthens Swiggy's position in the competitive food delivery and quick-commerce sectors. It provides the company with significant financial resources to fuel its growth ambitions, enhance its market presence, and potentially accelerate its expansion plans.

Market Outlook

With this approved capital infusion, Swiggy is well-positioned to intensify competition in the rapidly evolving food delivery and quick-commerce markets. Investors and industry observers will be closely monitoring how the company deploys these funds and the subsequent impact on its market share, operational efficiency, and financial performance in the coming quarters.

The strong shareholder support for this initiative signals confidence in Swiggy's business model and future prospects. As the company moves forward with this capital raise, it is expected to play a pivotal role in shaping the competitive landscape of India's food delivery and quick-commerce sectors.