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Latest news about Swiggy

Swiggy Offloads Rapido Stake for Rs 2,400 Crore to Bolster Instamart 7 days ago

Swiggy has sold its 12% stake in Rapido for Rs 2,400 crore to Prosus and Westbridge Capital, more than doubling its initial investment. The proceeds will be used to strengthen Instamart, Swiggy's quick-commerce division. Swiggy is also restructuring Instamart into a wholly-owned subsidiary, potentially shifting to an inventory-led model. Analyst opinions on these moves are mixed, with ratings ranging from 'Buy' to 'Reduce'. Instamart faces strong competition from Blinkit, which has shown higher growth rates.

Swiggy Shares Drop Despite Major Restructuring and Asset Sale Worth ₹2,400 Crore 9 days ago

Swiggy Divests Rapido Stakes for ₹2,400 Crore, Plans Instamart Restructuring 10 days ago

Swiggy to Restructure Quick Commerce Operations: Instamart Business to be Transferred 10 days ago

Prosus Eyes Major Stake Acquisition in Rapido from Swiggy Sep 16, 2025

More news about Swiggy

15Sept 25

Swiggy Launches 'Toing' App for Budget-Friendly Food Options in Pune

Swiggy has introduced 'Toing', a new application aimed at the affordable food delivery market. The app was launched in Pune, targeting budget-conscious consumers. This move is seen as Swiggy's response to growing demand for economical food delivery options and could potentially reshape the competitive landscape in the food delivery industry.

11Sept 25

Swiggy Targets 100 Million Consumers with 15+ Monthly Orders, Amazon Launches Ultra-Fast Delivery in India

Swiggy aims to serve 100 million consumers with 15 monthly orders within a decade. Instamart, Swiggy's quick commerce division, has expanded to 125+ cities, offering 35,000+ products including non-grocery items. Amazon has introduced a 10-minute delivery service in Mumbai, Delhi, and Bengaluru, entering the ultra-fast commerce sector in India.

09Sept 25

Swiggy Customer Highlights 80% Price Markup Over Direct Restaurant Purchase

A Swiggy customer's social media post revealed an 80% price difference between ordering through the app and buying directly from a restaurant 2km away. The order cost Rs 1,473 on Swiggy compared to Rs 810 from the restaurant, a Rs 663 difference. This comes after recent platform fee increases by Swiggy (to Rs 15) and Zomato (to Rs 12). The post sparked discussions on delivery platform pricing models, which typically include 24-28% commissions, delivery fees, and other charges. Critics argue the markup is excessive, while supporters defend the convenience model.

06Sept 25

Swiggy's Instamart Challenges E-Commerce Giants with 'Quick India Movement' Sale

Swiggy's Instamart is launching a 10-day sale event called 'Instamart Quick India Movement' from September 19-28, competing directly with Amazon and Flipkart's festive sales. The sale offers 50-90% discounts on over 50,000 products, including electronics, home goods, and daily essentials. Instamart will provide 10-minute delivery in select locations and feature premium brands like iPhone and OnePlus. Axis Bank partnership offers additional discounts on credit card purchases. This marks Instamart's strategic entry into the competitive festive e-commerce market, potentially reshaping consumer expectations in quick commerce.

05Sept 25

Swiggy Instamart CEO Forecasts Surge in Festive Season Demand Following GST Cut

Swiggy Instamart CEO Amitesh Jha anticipates a significant increase in demand for the upcoming festive season compared to last year, driven by recent GST cuts. Early indicators from Raksha Bandhan showed a 3.5-fold increase in orders, while initial data from Ganesh Chaturthi reinforces expectations of a record-breaking season. The platform faces challenges in managing unpredictable demand spikes and maintaining service quality. Jha attributes Swiggy Instamart's five-year success to team alignment and focus.

04Sept 25

Zomato, Swiggy Face 18% GST on Food Delivery Fees

The GST Council has decided that major food delivery platforms in India, including Zomato and Swiggy, will now be required to pay 18% GST on delivery fees under section 9(5) of the CGST Act. This could impact their cost structure and potentially affect consumer pricing. Zomato may face a GST impact of Rs 2.00 per order, while Swiggy could see an impact of Rs 2.60 per order. Subsidiaries like Blinkit and Swiggy Instamart will be affected differently. The decision may help resolve past GST demands from various states but could also impact profitability or demand depending on how companies respond.

03Sept 25

Swiggy Hikes Platform Fee to Rs 15, Marking Third Increase in Three Weeks

Swiggy has increased its platform fee to Rs 15, marking the third consecutive hike in just three weeks. This rapid series of fee adjustments could impact consumers, competitive dynamics in the food delivery industry, relationships with restaurant partners, and potentially signal Swiggy's increased focus on profitability. The move may lead to higher costs for consumers and influence pricing strategies across the food delivery market.

29Aug 25

Swiggy HDFC Bank Credit Card Enhances Travel Benefits with Paytm Partnership

The Swiggy HDFC Bank Credit Card has partnered with Paytm Travel to offer a 6% discount on domestic and international flight bookings and intercity bus bookings. This new benefit complements existing rewards including 10% cashback on Swiggy spends, 5% on online shopping, and 1% on other eligible purchases. The card also provides a complimentary Swiggy One membership and other perks. Frequent users can potentially save around ₹42,000 annually with this card.

26Aug 25

Swiggy Launches 'Noice': A Private-Label Food Brand on Instamart Platform

Swiggy introduces 'Noice', a private-label packaged food brand on its Instamart platform, marking its entry into the premium quick-commerce segment. Launched in six major Indian cities, Noice offers over 200 small-batch snacks and beverages across 13 categories. Swiggy partners with 40+ local kitchens and manufacturers for production. Marketing is handled by Swiggy's subsidiary, Scootsy Logistics. This move represents a strategic shift for Swiggy, focusing on core strengths and competing with rivals like Zomato, Blinkit, and Zepto in the premium quick-commerce space.

21Aug 25

Swiggy Shares Surge 5.5% on Analyst Projections of Strong Growth and Profitability

Swiggy's shares jumped 5.5% to Rs 443.70 on the BSE following optimistic analyst forecasts. DAM Capital initiated coverage with a Rs 515 target price, projecting 28% revenue CAGR for FY25-28 and adjusted EBITDA profitability by FY28. Swiggy's food delivery arm is expected to reach EBITDA breakeven in FY25, while its Instamart quick commerce business plans to expand to over 1,000 dark stores by FY26. The company is set for inclusion in the MSCI Global Standard Index on August 26, 2025, potentially attracting significant passive fund inflows.

18Aug 25

Swiggy's E-Scooter Partnership Signals Shift in Food Delivery Landscape

Swiggy has announced a strategic partnership with electric mobility firm Bounce to deploy e-scooters in its delivery fleet. The initial rollout will cover Delhi NCR and Bengaluru over the next three months, with plans to expand to more cities. E-scooters will be available to Swiggy and Instamart delivery partners through both Bounce and Swiggy apps at special pricing. This move aims to reduce carbon footprint, lower operating costs for delivery partners, and make electric mobility more accessible. Swiggy has already partnered with over 50 EV partners nationwide, demonstrating its commitment to sustainable delivery practices.

18Aug 25

Swiggy Hikes Platform Fee to Rs 14 Amid Mounting Losses and Mutual Fund Activity

Swiggy has increased its platform fee from Rs 12 to Rs 14 in select high-volume areas. The company reported a widened net loss of Rs 1,197 crore for April-June quarter, despite a 54% year-on-year growth in operating revenue to Rs 4,961 crore. Mutual funds have invested Rs 1,400 crore in Swiggy. The food delivery market is facing increased competition with new entrants like Ownly offering lower restaurant commissions. Swiggy's shares have dropped 26.52% year-to-date, while rival Zomato's stock has surged 17%.

15Aug 25

Swiggy Hikes Platform Fees to Rs 14 in Select Areas Amid Festive Demand

Swiggy has temporarily increased its platform fee by 17% to Rs 14.00 in select regions during the festive season. This represents a 600% increase from the initial Rs 2.00 fee introduced in 2023. The food delivery sector in India sees platform fees ranging from Rs 9.00 to Rs 15.00 per order. Competitor Zomato maintains its fee at Rs 10.00. The industry has consolidated to a few major players, leading to standardization of fees. This trend signifies a shift towards improving profit margins after years of focusing on customer acquisition.

11Aug 25

CCI to Revisit Inspection Request for Quick Commerce Giants

The Competition Commission of India (CCI) has decided to reconsider an inspection request involving major quick commerce players Swiggy, Zepto, Instamart, and Blinkit. This decision signals ongoing regulatory scrutiny in the rapidly evolving quick commerce sector. The inspection could potentially examine competitive practices, pricing strategies, market dominance, and the impact on traditional retail. The outcome may shape the future regulatory landscape for these growing platforms.

08Aug 25

Swiggy Shares Plummet 27% YTD Amid Mounting Losses Despite Revenue Surge

Swiggy's shares have dropped 26.75% year-to-date following weak quarterly results. In Q1FY26, the company reported a net loss of Rs 1,197.00 crore, up from Rs 611.00 crore in the previous year, despite a 54% increase in revenue to Rs 4,961.00 crore. Total expenses rose by 60% to Rs 6,244.00 crore due to higher delivery costs, advertising spends, employee benefits, and logistics costs. Q4FY25 showed a similar trend with increased losses and revenue growth. CEO Sriharsha Majety attributes losses to expansion and investments for long-term profitability. Technical analysis shows the stock trading in a consolidation range of Rs 375.00-430.00, approaching a critical 200-day EMA level.

06Aug 25

Swiggy's Instamart Surges with 108% YoY Growth in Q1, Driven by AOV Improvement

Swiggy reported strong Q1 performance for its quick commerce business, Instamart, with 108% year-on-year Gross Order Value growth. Instamart expanded to 127 cities, improved Average Order Value by 26% YoY, and saw a 100 bps quarter-on-quarter increase in contribution margin. The food delivery segment maintained 18.80% GOV growth. Swiggy remains focused on growth and innovation, particularly in 10-minute delivery, while aiming for contribution margin neutrality in Instamart between December and June.

06Aug 25

Swiggy Eyes ₹2,500 Crore Windfall from Rapido Stake Sale

Swiggy is planning to sell its 12% stake in ride-hailing startup Rapido, potentially earning up to ₹2,500 crore. Rapido's valuation has surged to $2.7-3 billion from $1.1 billion last year. Swiggy cites potential conflict of interest as Rapido plans to enter food delivery. The sale, expected to conclude within three months, could yield a 2.5X return on Swiggy's initial $120 million investment made in 2022. Rapido has shown significant growth with its business expanding by 120% and annualized GMV reaching $2.2 billion.

06Aug 25

High Net Worth Investors Exit Swiggy and 10 Other Stocks Despite Double-Digit Returns; Swiggy Plans Rapido Stake Sale

High net worth individuals (HNIs) have reduced their holdings in 11 stocks during the June quarter, despite these investments delivering double-digit returns. Swiggy experienced the most significant exit, with HNI shareholding dropping from 10.62% to 3.53%, representing a selling value of approximately Rs 5,400 crore. Other companies like Nitco, Waaree Energies, and Nazara Technologies also saw considerable reductions in HNI holdings. However, some stocks like Kaveri Defence saw increased HNI interest. Despite these exits, the total market wealth of HNIs grew by 15.5% during the quarter, reaching Rs 9.32 lakh crore.

05Aug 25

Swiggy Launches DeskEats: Revolutionizing Office Food Delivery Across 30 Indian Cities

Swiggy introduces DeskEats, a specialized food delivery service for office professionals across India. The service covers 7,000 corporate locations in 30 cities, offering 700,000 food items from over 200,000 restaurants. DeskEats features curated collections like Value Combos and One-handed Grabbies, with the latter being the most popular during the pilot phase. The service integrates with Swiggy's corporate rewards program, reaching 14,000 companies and 150,000 employees. DeskEats focuses on desk-friendly, easy-to-eat options without the need for plates or cutlery.

31Jul 25

Swiggy Reports Strong Q1 Growth: Food Delivery Up 18.8%, Quick Commerce Soars 108%

Swiggy's Q1 FY2026 results show significant growth across key segments. Food delivery GOV increased 18.8% YoY, with 1.2 million new monthly transacting users added. Quick commerce (Instamart) saw 107.6% YoY GOV growth, reaching ₹5,655 crore. Overall platform GOV rose 45.2% to ₹14,797 crore, while consolidated adjusted revenue grew 52.7% to ₹5,308 crore. Swiggy expanded its dark store network and introduced 'Maxxsaver' for additional discounts. Despite growth, the company reported an Adjusted EBITDA loss of ₹813 crore, attributed to seasonal investments and annual appraisals.

31Jul 25

Swiggy Reports Strong Q1 FY26 Growth: Food Delivery Up 18.8%, Quick Commerce Soars 108%

Swiggy's Q1 FY26 results show significant growth in key segments. Food delivery GOV increased 18.8% YoY to ₹8,086.00 crore, with MTUs rising to 16.3 million. Instamart, the quick commerce offering, saw a 107.6% YoY increase in GOV to ₹5,655.00 crore. Platform-wide improvements include a 35.2% YoY growth in MTUs to 21.6 million and a 52.7% YoY increase in Consolidated Adjusted Revenue to ₹5,308.00 crore. New initiatives like 'Bolt' for 10-minute food delivery and '99-Store' for affordable meals were introduced. Swiggy aims for 5% Adjusted EBITDA margin in food delivery and contribution margin break-even for quick commerce by Q1 FY27.

31Jul 25

Swiggy Reports Strong Q1 Growth: Food Delivery Up 19%, Quick Commerce Soars 108%

Swiggy's Q1 FY26 results show robust growth across key segments. Food delivery GOV increased 18.8% YoY to ₹8,086.00 crore, with 16.3 million MTUs. Quick commerce (Instamart) saw 107.6% YoY GOV growth to ₹5,655.00 crore. New initiatives like Bolt, Maxxsaver, and 99-Store are gaining traction. Despite growth, the company reported a consolidated loss of ₹1,197.00 crore. Swiggy aims for 5% Adjusted EBITDA margin in food delivery and contribution margin break-even for quick commerce between Q3 FY26 and Q1 FY27.

31Jul 25

Swiggy's Revenue Soars 54% Despite Widening Losses, Re-evaluates Rapido Stake

Swiggy's revenue increased by 54% year-over-year to Rs 4,961.00 crore, while net losses nearly doubled to Rs 1,197.00 crore. The Food Delivery segment faced challenges with declining contribution margins, while Quick Commerce (Instamart) showed strong growth with 108% year-over-year GOV increase. Swiggy launched new initiatives like 99-Store and is re-evaluating its stake in Rapido due to potential conflict of interest.

25Jul 25

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

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.

22Jul 25

Swiggy Shares Soar 8% Amid Food Delivery Sector Optimism

Swiggy's stock rallied nearly 8%, reaching an intraday high of Rs 426.00. The surge follows strong quarterly earnings from peer company Eternal Ltd, boosting investor confidence in the food delivery and quick commerce sector. Swiggy's stock has gained 10.78% over the past month. Elara Securities initiated coverage with an 'Accumulate' rating and a target price of Rs 450.00. Out of 25 analysts tracking Swiggy, 19 maintain 'Buy' ratings. The company's quarterly results are scheduled for July 31.

22Jul 25

Swiggy Shares Soar 8% Amid Food Delivery Sector Optimism

Swiggy's stock rallied nearly 8% in intraday trading, reaching ₹426.00. The company has gained 10.78% over the past month and 6.59% in the last week. The rally was partly driven by strong performance from peer company Eternal Ltd. Elara Securities initiated coverage with an 'Accumulate' rating and a target price of ₹450.00. Out of 25 analysts tracking Swiggy, 19 maintain 'Buy' ratings. The company's quarterly results are scheduled for July 31.

02Jul 25

Swiggy to Discontinue Minis Platform for Small Businesses

Swiggy announced the closure of its small businesses store, Minis, effective August 10, 2025. This decision follows recent changes in Swiggy's operations, including the discontinuation of its Genie service and licensing of private labels. The closure will impact sellers currently using the Minis platform to reach customers. This move appears to be part of Swiggy's broader strategy shift, potentially focusing on streamlining services and concentrating on its core food delivery business.

17Jun 25

Swiggy Elevates Saurav Goyal to Head Driver and Delivery Segment

Swiggy has elevated Saurav Goyal to Senior Vice President and Head of the driver and delivery segment. Goyal, who joined Swiggy's finance team in June 2020, will oversee initiatives to empower the company's delivery partners. He will temporarily maintain his role in Business Finance until a replacement is found. This promotion aims to strengthen Swiggy's delivery ecosystem and maintain its competitive edge in the food delivery market.

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.