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Latest news about Swiggy

Swiggy Reshapes Board Structure and Leadership: Appoints New Directors and Company Secretary 5 days ago

Swiggy has announced significant changes to its board and leadership team. Faraz Khalid, CEO of noon, joins as an Additional Non-Executive Independent Director, while Shailesh Haribhakti is re-appointed as Non-Executive Independent Director. Two nominee directors, Sumer Juneja and Anand Daniel, have resigned. Cauveri Sriram replaces Venkatraman Ramachandran as Company Secretary and Compliance Officer. These changes aim to enhance board independence and corporate governance following Swiggy's public listing.

Swiggy Shares Soar 8% Amid Food Delivery Sector Optimism 8 days ago

Swiggy to Discontinue Minis Platform for Small Businesses Jul 02, 2025

Swiggy Elevates Saurav Goyal to Head Driver and Delivery Segment Jun 17, 2025

More news about Swiggy

29May 25

Swiggy Shares Plummet 41% YTD Amid Widening Losses

Swiggy's stock has fallen 41% year-to-date, trading below its IPO price since February. Q4 results disappointed with a net loss of Rs 1,081.00 crore, exceeding analyst estimates. Profitability concerns and intense market competition are key factors affecting the company's performance. Despite these challenges, most analysts maintain a 'Buy' rating with an average price target suggesting a 28.20% upside potential.

27May 25

Swiggy's Instamart Rebrands, Drops Parent Company Name for Independent Identity

Instamart, Swiggy's quick commerce platform, has undergone a significant rebranding. The company has removed 'Swiggy' from its name and introduced a new logo with an 'S-Pin' icon, maintaining a subtle connection to its parent company. This move reflects Instamart's expansion beyond groceries and tier 1 cities, positioning it as a versatile quick commerce platform. The rebranding will be rolled out gradually over the coming weeks across various touchpoints. This strategic shift suggests Swiggy is giving Instamart more autonomy to grow independently in the competitive quick commerce market.

22May 25

Swiggy's Instamart Faces Mounting Losses Amid Fierce Quick-Commerce Competition

Swiggy's quick-commerce vertical, Instamart, is experiencing significant financial challenges. The platform is losing Rs 18 for every Rs 100 in gross sales, with an adjusted EBITDA loss of Rs 840 crore in Q1 2023. Despite doubling its year-on-year gross order value to Rs 4,670 crore, Instamart's losses have led to a 49% drop in Swiggy's share price. Analysts have revised their outlook, citing ongoing cash burn and fierce competition from rivals like Blinkit. Swiggy aims to achieve contribution break-even for Instamart within 3-5 quarters.

13May 25

Swiggy Shares Plummet 5% as Lock-in Period Expires, Freeing Up ₹6,130 Crore Worth of Stock

Swiggy's share price dropped significantly as its six-month IPO lock-in period ended, making 85% of the company's shares (189.8 crore shares valued at ₹6,130 crore) available for trading. The stock opened 5% lower at ₹305 per share, a 21.79% decline from its IPO price of ₹390. This increased selling pressure highlights the volatility often associated with newly public companies in the competitive food delivery sector.

12May 25

Swiggy Reports Widening Losses, Analysts Remain Bullish

Swiggy, a major rival of Zomato, reported a net loss of ₹1,081.00 crore for the fourth quarter, significantly higher than the previous year. Despite this, 13 out of 20 analysts maintain 'buy' ratings. The company showed strong growth in food delivery but faced challenges in quick commerce. Swiggy has pushed back its contribution break-even target to Q3FY26 to Q2FY27. The food delivery sector continues to prioritize growth over immediate profitability, with fierce competition in emerging segments like quick commerce.

09May 25

Swiggy Reports Q4 Revenue Growth and Increased Losses: Implications for Zomato and the Food Delivery Sector

Swiggy, a leading Indian food delivery platform, reported a 44% year-over-year increase in revenue to ₹44.00 billion in Q4. However, the company's net loss widened to ₹10.80 billion, up from ₹5.50 billion in the same period last year. This financial performance highlights the ongoing challenge in the food delivery sector to balance growth with profitability, potentially impacting competitors like Zomato and investor sentiment in the industry.

08May 25

Swiggy Anticipates Q4 FY25 Revenue Surge Amid Widening Losses

Swiggy is expected to see 26% year-over-year revenue growth in Q4 FY25, with analysts projecting revenues around Rs 4,220 crore. The growth is driven by food delivery and Instamart services. However, losses are anticipated to widen to Rs 1,031 crore due to high operating costs and aggressive expansion. Instamart contributes significantly to revenue but also impacts profitability due to high investment requirements.

06May 25

Swiggy Licenses Private Label Food Brands to Kouzina Food Tech in Strategic Move

Swiggy has entered an exclusive license agreement with Kouzina Food Tech for its private label food brands, including The Bowl Company, Homely, Soul Rasa, and Istah. Kouzina will manage operations and growth for these brands, with potential full ownership transfer upon meeting certain conditions. The Bowl Company, launched by Swiggy in 2017, has been particularly successful with its single-serve meals. This move aligns with Swiggy's recent strategic shifts and allows Kouzina to expand these brands into new markets.

05May 25

Swiggy's Share Price Braces for Potential Volatility as Lock-in Period Nears End

On May 12, 2025, Swiggy's six-month lock-in period for pre-IPO investors will expire, affecting 83% of the company's shares valued at ₹62,000 crore. This event could lead to significant market volatility. JM Financial predicts that if 15% of eligible shares are sold, it could result in outflows of around ₹12,000 crore. Investors are advised to prepare for potential short-term price fluctuations and valuation impacts, while considering the company's long-term prospects.

02May 25

Swiggy's Bolt Service Expands to Over 500 Cities, Reshaping Quick Food Delivery Landscape

Swiggy's quick food delivery service, Bolt, has expanded to more than 500 cities across India in less than six months since its launch in October 2024. The service now includes over 45,000 restaurant brands, offers 47 lakh dishes across 26 cuisines, and accounts for more than 10% of Swiggy's food delivery orders. Bolt promises 10-minute delivery for popular dishes without compromising quality. The service has shown positive impacts on restaurant operations and user retention, with new users acquired through Bolt demonstrating 4-6% higher monthly retention compared to the platform average.

26Apr 25

Swiggy Instamart Partners with Cooperation Ministry to Boost Cooperative Products

Swiggy Instamart has signed an MoU with India's Cooperation Ministry to promote cooperative products on its e-commerce platform. The partnership will create a dedicated 'Cooperative' category featuring organic products, dairy, millets, and handicrafts. This move aims to expand market reach for cooperative organizations, promote local products, and support sustainable agriculture. Consumers will benefit from increased product variety and easier access to traditional, locally-made items.

16Apr 25

Food Delivery Sector in Focus: Labour Ministry Signs MoU with Swiggy

The Ministry of Labour & Employment has signed a Memorandum of Understanding (MoU) with Swiggy, a leading food delivery platform in India. The ceremony was attended by Union Ministers Dr. Mansukh Mandaviya and Sushri Shobha Karandlaje. While specific details are undisclosed, the MoU likely involves collaboration on labor-related issues or employment initiatives in the gig economy sector. This development could set a precedent for similar agreements with other companies and may have industry-wide implications, potentially affecting operations and workforce management strategies of competitors like Zomato.

01Apr 25

Swiggy Faces ₹158 Crore Tax Assessment, Plans Appeal

Swiggy has received a tax assessment order adding ₹158 crore to its taxable income for FY 2021-2022. The order cites disallowance of cancellation charges paid to merchants and failure to offer interest income on tax refunds for taxation. Swiggy intends to appeal the order, expressing confidence in their position. The company states this development does not significantly impact its financial position or operations.

17Mar 25

Swiggy Instamart Expands to 100 Cities, Intensifying Quick Commerce Competition

Swiggy's Instamart service has expanded to 100 cities across India, adding 32 new cities in 2023 alone. The expansion focuses on Tier 2 and 3 markets, offering 10-minute deliveries for over 30,000 products. Instamart is introducing 'megapods', larger dark stores to meet growing demand. The service is tailoring its offerings to local preferences in each city. Notable achievements include a highest single-day spend of ₹69,993 in Thiruvananthapuram and the fastest city to reach 1,000+ daily orders in 4 days (Patna).

11Mar 25

Swiggy Unveils Ambitious Sustainability Goals at Inaugural Summit

Swiggy, India's leading on-demand convenience platform, announced major sustainability initiatives at its first Sustainability Summit in Delhi. Key highlights include a partnership with Sulabh International to provide free sanitation facilities for delivery partners, a commitment to transition to a 100% electric vehicle fleet by 2030, and a comprehensive sustainability strategy encompassing eight pillars. The company aims to distribute 100 million meals by 2030 through its 'Swiggy Serves' program, addressing food waste and hunger. Swiggy also set goals for responsible packaging, waste reduction, local sourcing, and empowering women in its ecosystem.

21Feb 25

Swiggy's Strategic Move: 10 Billion Rupee Investment in Scootsy Logistics

Swiggy, a leading Indian food delivery platform, plans to invest up to ₹10 billion ($120 million) in Scootsy Logistics. The investment will be used for working capital and capital expenditures, potentially including technology upgrades and logistics infrastructure. This move aims to strengthen Swiggy's control over delivery operations, expand its market reach, and gain a competitive edge in the food delivery sector.