Swiggy , the popular food delivery and quick commerce platform, has firmly denied recent media reports concerning the market status of its quick commerce arm, Instamart. The company has issued a statement asserting that these reports are inaccurate and misleading.

Key Points of Swiggy's Statement

• Denial of Reports: Swiggy has categorically rejected media reports about Instamart's market position.
• No Data Shared: The company confirmed that no data was provided to HSBC or Moneycontrol, two entities mentioned in the context of these reports.
• Official Communication: Swiggy has advised its shareholders to rely solely on official updates from the company for accurate information about its business operations.

Implications for Stakeholders

This development underscores the importance of verifying information sources in the fast-paced world of business news. Swiggy's prompt response to the circulating reports demonstrates the company's commitment to maintaining transparency with its stakeholders.

Investor Guidance

Shareholders and potential investors are encouraged to:

1. Exercise caution when consuming media reports about the company.
2. Rely on official communications from Swiggy for accurate business updates.
3. Verify information through multiple credible sources before making investment decisions.

Swiggy's swift action in addressing these reports highlights the significance of official corporate communications in shaping market perceptions and investor confidence. As the quick commerce sector continues to evolve rapidly in India, accurate information becomes crucial for all stakeholders involved.

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.