Page 8 - Swiggy

Nirmal Bang initiates 'Buy' on Swiggy and Eternal; sees up to 26% upside

Domestic brokerage Nirmal Bang has initiated coverage on Eternal and Swiggy with a 'Buy' rating; check target price here

Swiggy boosts Instamart supply chain with big warehouse near Mumbai

Swiggy-owned Scootsy Logistics leases 580,000 sq ft at One K Square in Bhiwandi to strengthen Instamart network

Swiggy launches high-protein food category across 30 cities in India

Food-delivery platform launches curated section with over 500,000 protein-rich dishes from 35,000 restaurants as India faces widespread protein deficiency

Swiggy, Blinkit, Zepto rate users and delivery workers: Here's how it works

India's quick-commerce industry expected to grow threefold between 2024 and 2027, touching an estimated ₹1.5 trillion-₹1.7 trillion

Q-comm orders soar to ₹64,000 cr in FY25, to touch ₹2 trillion by FY28

Indians ordered Rs 64,000 crore of goods from quick-commerce platforms like Blinkit and Instamart in FY25, more than double from the previous fiscal year's Rs 30,000 crore, a report said on Thursday. The gross order value (GOV) is estimated to grow more than three-times to touch Rs 2 lakh crore by FY28, the report by one of the arms of domestic rating agency, Careedge Ratings, said. The platforms pocketed revenue of Rs 10,500 crore from fees in FY25, which was huge growth from Rs 450 crore in FY22, the report said, adding that the revenues are expected to grow to Rs 34,500 crore by FY28. "This sharp increase is due to increased platform fees by major players, resulting in higher revenue realisation and a substantial increase in overall GOV," the report by Careedge Advisory said. Platforms are also shifting focus from hypergrowth to revive profitability, leveraging advertising, subscriptions, private labels, and tech-led inventory optimisation, it said. The 'take rate' which is the

Swiggy rises 2% a day after BNP Paribas Financial Mkts buys 0.32 mn shares

Swiggy share price rose 2.3 per cent in trade after BNP Paribas Financial Markets bought 0.32 million shares at ₹381 per share from Citigroup Global Markets Mauritius

Qcom thrives in metros but faces hurdles in smaller cities: Redseer

Despite quick commerce players extending operations to over 100 cities, Redseer notes that non-metro representatives of 90+ cities contribute just over 20 per cent of quick-commerce GMV

India's e-commerce stocks outrun Chinese peers on profitability hopes

Quick commerce is reshaping India's online retail landscape, with companies racing to tap into a market that could reach $100 billion by 2030

Swiggy unveils ‘99 store’ | What it is and how it works | Order food online | Budget-friendly meals

Swiggy has introduced a new '99 Store' feature on its app, offering single-serve meals at just ₹99 in over 175 Indian cities. The is designed to attract Gen Z users and budget-conscious customers.

Swiggy unveils '99 Store' for budget-friendly meals in 175 cities

The new 99 Store offers single meals at ₹99 with optional free Eco Saver delivery and aims to cater to Gen Z consumers seeking low-cost, everyday food options

50% of Indians pay online convenience fees; 78% prefer free platforms

A LocalCircles survey finds 50% of Indian consumers pay convenience fees on most purchases, with 78% preferring platforms that don't charge extra for products or services

Swiggy share price gains nearly 7% in two days; why is stock in demand?

Swiggy shares gained 4 per cent in trade and nearly 7 per cent in two days amid expectations on healthy quick commerce business growth

Swiggy names Saurav Goyal SVP to head Driver and Delivery Organisation

Goyal, who led business finance and contributed to Swiggy's IPO, will now oversee delivery operations and drive partner empowerment as part of leadership transition

MSCI rejig: Swiggy, Mazagon Dock among 4 entrants; $850 mn inflows likely

Swiggy, Mazagon Dock, Hitachi Energy, and Waaree Energies may join MSCI Index in August review, attracting $850 million in passive inflows

Flipkart CEO joins delivery run as firm scales quick-commerce push

Flipkart expands its Minutes unit with a fresh produce strategy, dark store rollout and tier-2, tier-3 penetration to compete with Blinkit, Zepto, and Swiggy Instamart

What does Rapido's foray into food delivery mean for Zomato and Swiggy?

Rapido enter food delivery segment; what does its imply for Zomato (Eternal) and Swiggy shares? Elara Capital decodes

Rapido to undercut Zomato, Swiggy with 8-15% restaurant commissions

Ride-hailing firms have previously struggled with high costs and thin margins, raising questions about the long-term profitability of the segment as Rapido enters the food delivery space

Street signs: Nifty 50 on blade's edge, Swiggy's oven is hot, and more

The market rebound from April lows has turned attention to capital market-linked stocks. BSE, Central Depository Services, and DAM Capital Advisors have each jumped over 30 per cent in the past month

Food delivery shares in focus; Eternal, Swiggy rally up to 11% in 2 days

Shares of Eternal (formerly known as Zomato) and Swiggy rallied up to 6 per cent on the BSE in Thursday's intra-day deal, and traded higher for the second straight day.

Instamart appoints Ankit Jain as Senior VP of Operations

Swiggy-owned quick commerce platform Instamart on Friday announced the appointment of Ankit Jain as Senior Vice President - Operations, including supply chain management, dark store operations, delivery experience and network expansion. Ankit recently served as the Senior Vice President, Head of Grocery and Large Supply Chain as well as Ekart Design at Flipkart. The company's operations have seen strong momentum over the past few months -- enabling its presence in more than 120 cities, expanding into new categories and scaling our infrastructure with the record addition of more than 300 dark stores and mega pods last quarter, according to a senior company official. "Ankit's deep, hands-on experience across e-commerce, retail, and FMCG will be a strong force in further strengthening our operations, leading the way in delivery speed, availability, and assortment for our consumers, Instamart CEO Amitesh Jha said. Prior to Flipkart, Ankit spent over 14 years at Unilever, holding variou