Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint
The company believes that the expansion of Bolt to over 400 cities is a significant milestone in Swiggy's mission to enhance customer experience through innovative solutions
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While Prosus said that the exact timeline for the IPO announcements will come from the firms themselves, it also identified another five investee companies on its "future potential" IPO list
Bolt is now active not only in emerging hubs, but also in Tier-2 and -3 cities such as Roorkie, Guntur, Warangal, Patna, Jagtial, Solan, Nashik, and Shillong
On-demand convenience platform Swiggy Ltd on Monday said it has expanded its 10-minute food delivery offering, Bolt, to over 400 cities and towns across India. Initially launched in Bangalore, Chennai, Hyderabad, New Delhi, Mumbai, and Pune, Bolt is now active in cities like Jaipur, Lucknow, Ahmedabad, Indore, Coimbatore, and Kochi as well, Swiggy said in a statement. Swiggy has expanded the 10-minute food delivery service to Tier-2 and Tier-3 cities such as Roorkee, Guntur, Warangal, Patna, Jagtial, Solan, Nashik and Shillong among others, it added. Andhra Pradesh and Telangana have witnessed the highest adoption for Bolt followed by Haryana, Tamil Nadu, Gujarat, West Bengal, Rajasthan and Punjab, it added. Swiggy said it is actively partnering with restaurants to optimise order prioritisation for Bolt orders that have food items with minimum or no preparation time. "To ensure safety of delivery partners, they are not informed of the distinction between Bolt and regular orders, a
Ervin Tu and Ashutosh Sharma of Prosus talk about their strategies for India and beyond
Swiggy Instamart launched a flash sale on onions for Rs 39/kg in Delhi -NCR after a viral Reddit post where a customer humorously requested extra onions due to soaring prices
UBS believes Swiggy is well positioned to benefit from the rapid growth in India's food delivery and quick commerce markets with an estimated GMV and revenue CAGR of 35% and 29% over FY24-27e.
Shares of Swiggy ended at Rs 462, valuing the company at Rs 1.03 trillion
Swiggy Instamart surpassed its 6-minute delivery promise, achieving a median delivery time of just 8 minutes across the top four Indian cities, the fastest among its peers
Swiggy's initiatives include kitchen equipment support, hygiene audits, and photoshoot services to boost operations, hygiene, and customer engagement for restaurant partners
Swiggy Instamart started a unique and creative campaign urging people to cast their votes in the Maharashtra Assembly elections 2024
Swiggy has finally made its debut on the stock market, and with Zomato’s impressive track record, we’re here to find out. Can Swiggy really keep up with its rival Zomato? Watch the video to find out.
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Swiggy will have to convert growth into profitability
The gains came despite overall market weakness amid sustained selling by foreign portfolio investors
Swiggy is the first company to list through the Securities and Exchange Board of India's confidential listing route, highlighting the competitive nature of the sector
Key catalysts, according to them include improvement in Instamart profitability, acceleration in platform Monthly Transacting User (MTU) additions, and reversal of market share losses
Swiggy shares debuted today, listing at Rs 420 on the NSE, a 7.7% premium and Rs 412 on the BSE which is up 5.6%. The food aggregator is set to turn nearly 500 of its employees into ‘crorepatis’