Bangalore Hotels Said To Suspend Operations With Swiggy From August 15 On Concerns Over Payment Transparency 2 hrs ago Today
Bangalore hotels are reportedly planning to suspend operations with Swiggy from August 15, citing concerns over payment transparency. The dispute highlights friction between restaurant partners and the food delivery platform over financial dealings and settlement practices. The development could impact restaurant availability on Swiggy's platform in Bangalore if the suspension proceeds as reported.
FSSAI Initiates Crackdown on Swiggy Instamart, Legal Action on the Cards for Rule Violations
FSSAI has initiated a crackdown on Swiggy's Instamart quick-commerce platform over alleged violations of food safety rules. The regulatory authority is reportedly considering legal action in connection with the identified breaches. The development highlights increasing regulatory scrutiny on quick-commerce and food delivery platforms in India. This poses a significant compliance challenge for Swiggy's Instamart vertical.
Investec Maintains Hold Rating on Swiggy with Target Price of ₹314; Blinkit's IOCC Model Seen Widening Competitive Gap
Investec has maintained a Hold rating on Swiggy with a target price of ₹314, acknowledging that domestic ownership has risen above 50% but noting that control issues remain unresolved. The brokerage highlighted Blinkit's IOCC classification as a key structural advantage, enabling an inventory-led model that has improved product assortment and expanded adjusted EBITDA margins by 80–100 basis points. This positions Blinkit competitively ahead of Swiggy, Flipkart, and Amazon in the quick commerce space.
25Jun 26
Swiggy's Instamart COO Ankit Jain and CBO Hari Kumar Step Down
Swiggy's Instamart has seen two senior leadership exits, with COO Ankit Jain and CBO Hari Kumar stepping down from their roles. The departures mark a significant change in the management structure of Swiggy's quick-commerce vertical. No information on the reasons for the exits or potential replacements was available from the source.
24Jun 26
Swiggy Records ₹322.84 Crore Block Trade on BSE for ~1,31,34,309 Shares at ₹245.80
A block trade worth ₹322.84 crore was executed on BSE for approximately 1,31,34,309 shares of Swiggy at ₹245.80 per share at the market open. The deal represents a significant bulk transaction recorded in the exchange's block deal window. Such trades are typically conducted between large institutional investors and are disclosed separately by the exchange.
JPMorgan Maintains Overweight on Swiggy but Favours Eternal Amid Toing's Rapid Rise
JPMorgan has maintained an Overweight rating on Swiggy while preferring Eternal in the Indian food delivery space. The brokerage highlighted Toing's rapid growth, with the price-focused platform's DAUs matching Swiggy and Zomato within just four months and downloads surging. Toing's zero platform fees, minimal delivery charges, and lower prices raise cannibalisation risks for Swiggy's core platform, though core DAUs remain stable for now.
Swiggy Increases Platform Fee from ₹14.99 to ₹17.58
Swiggy has increased its platform fee from ₹14.99 to ₹17.58, representing approximately a 17.3% increase. This fee adjustment will impact all customers using the food delivery platform and reflects ongoing pricing optimization in the food delivery sector.