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The Latest Breaking News from Swiggy

Zomato pilots food vending machines at workplaces in new attempt at quick delivery

Zomato is piloting food vending machines in Gurugram corporate offices. This new initiative, Zomato Now, aims for rapid food delivery access. Zomato Now comes alongside sister company Blinkit’s 10-minute food delivery service Bistro, which operates through its own cloud kitchens.

The Economic Times

'Desi' Swiggy bets on Instamart model shift, mirroring main rival Blinkit

Swiggy's Instamart will adopt an inventory model after shareholder approval for India-owned status. This change allows Instamart to potentially improve margins and gain greater control. The quick-commerce unit aims to catch up with market leader Blinkit in this competitive sector. This shift requires higher working capital for inventory purchases and…

The Economic Times

Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

Swiggy is moving closer to becoming an Indian-owned and controlled company (IOCC), a move that could enable an inventory-led model for Instamart and potentially improve margins. However, Jefferies expects the shift to trigger passive outflows of over $400 million from MSCI and FTSE indices due to foreign ownership limits. The…

The Economic Times

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Swiggy employees get Monday off if national holiday falls on weekend, says AVP Saptarshi Prakash

Swiggy executive Saptarshi Prakash has highlighted the company's policy of granting employees the following Monday off when a mandatory public holiday falls on a weekend. The benefit, which he called one of Swiggy's "most underrated" workplace policies, sparked discussion on LinkedIn about employee benefits, compensatory leave and statutory rights concerning…

The Economic Times

Samir Arora-backed Helios Mid Cap Fund hikes stake in Swiggy and 20 others, trims exposure in 2 stocks

In July, Helios Mid Cap Fund boosted its investments by increasing its stake in Swiggy among twenty other stocks. Notably, the fund expanded its holdings in V2 Retail and GMR Airports, while reducing exposure in Multi Commodity Exchange of India and Black Box stocks. Additionally, Siemens Energy India joined the…

The Economic Times

Swiggy launches 24x7 AI assistant Guru for restaurant partners

Swiggy has introduced Guru, an AI-powered business assistant for its restaurant partners. This platform offers 24x7 support and data-driven decision-making capabilities. Guru helps manage operations and improve sales through a conversational interface. It analyzes sales funnels and provides actionable performance insights. The assistant supports over 20 vernacular languages for wider…

The Economic Times

Maharashtra food safety chief targets Domino's, Eternal, Swiggy, Zepto in sweeping crackdown

Maharashtra's food safety chief has taken decisive action by suspending warehouse permits for leading grocery companies after inspectors uncovered alarming sanitation issues, including cockroach infestations. This effort specifically addresses challenges within the burgeoning quick commerce sector known for swift grocery deliveries. Notably, several Domino's stores were also shut down for…

The Economic Times

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India state food safety chief targets Eternal, Swiggy, Zepto in sweeping crackdown, suspends permits of 12 warehouses

Maharashtra's food safety chief has taken action by suspending 12 warehouses' permits for grocery giants including Eternal, Swiggy and Zepto after inspections exposed disturbing health violations such as cockroach infestations and spoiled produce. Moreover, inspectors uncovered rodent waste and unhygienic storage practices, while delivery personnel wearing street shoes increased contamination…

The Economic Times

Eternal vs Swiggy: The quick commerce war is on. Which stock should you own after Q1?

The rivalry in the quick commerce sector heats up as Q1 results show stark contrasts between Eternal and Swiggy. While Swiggy leans towards aggressive growth supported by robust funding, Eternal places its bets on profitability and improved operations. Both firms are vying for ambitious long-term goals that investors will be…

The Economic Times

Ownly, magicpin eye bigger slice of India’s food delivery market

Food delivery platforms Ownly and magicpin are seeking greater market share in India. Both platforms report increased restaurant participation and daily order volumes. Restaurants are pushing for more control over commercial terms and promotions. Negotiations between Bengaluru restaurants and major aggregators are ongoing. The entry of new players is expected…

The Economic Times

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

SBI Securities’ Sudeep Shah expects Nifty to remain rangebound, with 24,300–24,800 as key levels. He prefers a buy-on-dips strategy, citing constructive trends. Smallcaps remain bullish, while FII short covering could support markets. Traders should watch key technical levels for Nifty, Trent, Kalyan Jewellers and Swiggy for directional cues.

The Economic Times

Swiggy agrees to refund unauthorised campaign fees; Bengaluru hotels to wait till September 1

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhakoo and CEO (dineout & scenes) Swapnil Bajpai, came a day after rival Zomato held talks with restaurateurs and agreed to address a range of operational concerns.

The Economic Times

Swiggy’s Rs 60,000 crore breakeven challenge: Can Instamart grow without restarting the cash war?

Swiggy's Instamart is targeting an impressive ₹60,000 crore in annualised net order value to achieve profitability. To reach this goal, the platform must double its current orders and enhance contribution margins significantly. This means Instamart should aim to garner an additional ₹30 per order through various optimizations. However, the competitive…

The Economic Times

Swiggy shares jump nearly 3% as company targets Rs 10,000 crore adjusted EBITDA by FY31

Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adjusted EBITDA. It aims to more than triple consolidated GOV to Rs 2.5 lakh crore from Rs 67,734 crore in FY26, driven by food delivery, Instamart and Dineout.

The Economic Times

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The Economic Times

Swiggy targets Rs 10,000 crore in annual adjusted Ebitda in five years

Swiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery business will contribute five thousand crore rupees to this goal. The quick commerce unit, Instamart, is expected to generate four thousand crore rupees. Swiggy also targets one lakh crore rupees in net order value…

The Economic Times

Swiggy shares fall 6% in 2 days despite strong Q1 earnings. Should you buy, sell or hold?

Swiggy shares declined six percent over two days despite reporting strong first-quarter earnings. The company's net loss decreased by thirty-four percent year-on-year in the first quarter. Revenue from operations increased more than thirty-seven percent year-on-year during the April-June quarter. Analysts offered mixed recommendations, with some maintaining buy ratings and others…

The Economic Times

Swiggy contra view: Why JM Financial downgraded the stock to 'sell' despite strong Q1 results

Bajaj Finance shares jumped 5% after the NBFC reported a strong Q1 FY27 performance, with standalone net profit rising 28% YoY to Rs 6,081 crore and net interest income growing 23% to Rs 12,571 crore. Robust earnings prompted several brokerages to raise their target prices.

The Economic Times

Zepto IPO hurdle revives investor interest in Swiggy, Eternal; shares set for best month in years

Swiggy and Eternal shares have rallied sharply in July as investors reassess the competitive landscape following Zepto's IPO valuation reset. Swiggy has gained nearly 24%, marking its best monthly performance since listing, while Eternal is up 17%, its strongest monthly rise in over two years.

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The Economic Times

Swiggy shares plunge 6% even as losses narrow. Should investors buy, sell or accumulate?

Swiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce company reported its June-quarter results. While the consolidated net loss narrowed year-on-year, investors remained cautious over profitability and margin pressures. Brokerages stayed largely positive on the stock, with most retaining their 'Buy' ratings,…

The Economic Times

Swiggy Q1 losses narrow; Groww founders plan new fund

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Stocks in news: Maruti Suzuki, ITC, Vedanta, Swiggy, RIL

Indian markets traded in a narrow range, settling marginally higher with mixed cues. Maruti Suzuki, ITC, and Vedanta shares are in focus due to various news developments. Sun Pharma and Bajaj Finserv will announce their first quarter results today. Tata Steel reported a fifteen percent rise in its net profit…

The Economic Times

Competition poses no risk to food delivery, company in a strong position: Swiggy

“We believe our competitive position in food delivery is durable with no near-term risks to the underlying growth trajectory. We have been agile to evaluate possible opportunities across pricing, formats, and even separate apps to open up the TAM (total addressable market) further while maintaining the economics of the core…

The Economic Times

Swiggy Q1 Results: Net loss narrows to Rs 791 crore; revenue jumps 37% YoY

Swiggy Q1 Results: Swiggy narrowed its Q1FY27 consolidated net loss by 34% year-on-year to Rs 791 crore, while revenue from operations rose 37%. Instamart achieved contribution breakeven despite continued investments, food delivery maintained steady growth, and management expressed confidence in its competitive position amid rising competition in the online food…

The Economic Times

Bengaluru hotels threaten Swiggy boycott from August 15

Bengaluru hotels will suspend business with Swiggy from August 15. They demand transparency in payment statements and opt-out options. Unauthorised deductions have caused significant financial hardship for many establishments. The association seeks resolution of these longstanding issues within fifteen days. Hotels will ensure customer inconvenience is minimized if services are…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities rallied sharply as Sensex gained 889 points and Nifty topped 24,250, adding over Rs 4 lakh crore in market value. Strong IIP data, IT and metal buying, bullish technical indicators and improving FII sentiment outweighed geopolitical concerns and higher oil prices.

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