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The Latest Breaking News from Swiggy

Swiggy’s shareholder setback; Walmart’s Flipkart push

Happy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fell short. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Swiggy fails to secure requisite shareholder approval for altering AoA to become Indian-owned entity

In an exchange filing on Thursday, Swiggy stated that its resolution on the Amendment of Articles of Association received 72.36 per cent votes of shareholders, falling short of the required threshold by 2.65 per cent.

The Economic Times

Your Swiggy, Zomato orders may get costlier as fuel prices rise

Fuel price hikes may impact food delivery and quick commerce firms Eternal and Swiggy. Elara Capital reports a manageable near-term cost pressure. Gig workers might seek higher payouts. The impact on earnings is expected to stay under control. Companies may share the burden through customer charges, absorption, and delivery partner…

The Economic Times

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Board nomination framework changes part of effort to achieve Indian-owned company status: Swiggy

Swiggy has announced upcoming adjustments to its board nomination policies as part of its strategy to establish itself as an Indian owned and controlled company. This initiative is designed to align with foreign exchange compliance requirements.

The Economic Times

SoftBank logs $600 million paper loss on India-listed portfolio in March quarter

SoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola Electric saw their market value drop. This led to substantial paper losses for SoftBank's Vision Fund. Despite overall gains from other investments, the Indian portfolio's performance highlights recent market challenges. SoftBank has…

The Economic Times

SoftBank logs $600 million paper loss on India-listed portfolio in Jan-Mar

The Economic Times

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

Indian equity markets extended losses for a fourth straight session as broad-based selling in IT, banking, auto, and consumer stocks dragged benchmarks lower. Weak global cues, rising inflation data, and technical breakdowns deepened bearish sentiment, with analysts warning further downside toward key support levels.

The Economic Times

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India celebrated Mother’s Day with 13,039 cakes an hour and Rs 1 lakh-plus dinners: Swiggy

Mother's Day saw a significant surge in food delivery and dining out across India, with Swiggy reporting a 26.24% rise in food orders and a 71.8% jump in premium restaurant bookings. Consumers splurged on cakes and family dinners, with peak demand for cakes occurring between 7 pm and 8 pm.

The Economic Times

ETtech Explainer: Why is Swiggy stock tanking after its Q4 results?

Swiggy's stock dipped 7% after reporting a 45% rise in Q4 FY26 revenue to Rs 6,383 crore and a narrowed net loss. Analysts cited a slowdown in its quick commerce business, Instamart, as the primary reason for the stock's pressure, despite strong food delivery performance.

The Economic Times

Jio revamps mega IPO; DailyObjects lines up fresh capital

Reliance Industries is revamping Jio Platforms’ IPO plans amid investor disagreements over valuation. This and more in today's ETtech Top 5.

The Economic Times

Swiggy shares plunge 7% after Q4 results. What are Nomura, Citi and others saying?

Swiggy shares plunged 7% after the company reported a Q4 FY26 net loss of Rs 800 crore. Despite narrowing losses and strong growth in food delivery and Instamart, brokerages flagged rising competition in quick commerce. Nuvama, Nomura and Citi retained bullish ratings, citing improving margins, strong execution and long-term growth…

The Economic Times

Swiggy, magicpin say delivery times improving as gig workers return to cities

Delivery times are improving as gig workers return to cities. This follows the recent state elections and the peak harvest season. Food delivery platforms like Swiggy and magicpin expect a normalisation of services soon. This return of delivery partners will boost rider availability. The sector anticipates growth after a challenging…

The Economic Times

Piping hot: India’s delivery economy runs on worker heat stress

“No matter if it is hot or raining, we have to work," says 30-year-old Rakesh Sahu (name changed), from Uttar Pradesh’s Jaunpur, who works as a delivery agent for Swiggy in Delhi. When IndiaSpend met him in early April in Saket, he had a cloth wrapped around his head, and a cap…

Newslaundry

Labour Day 2026: The Hidden Cost of Gig Work in India

Every year, International Workers' Day invites reflection on the dignity of work, the rights of workers, and the evolving nature of employment. In 2026, that reflection feels more urgent than ever in India, where the rise of gig work has quietly reshaped what it means to earn a living. What…

Times Life

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Whats Hot

Emotional Video of Swiggy Delivery Rider Sparks Debate on Kindness and Privacy

A video showing a delivery rider from Swiggy becoming emotional after customers offered him a meal has gone viral online, touching many viewers while also sparking debate about how acts of kindness should be shared on social media.

Newslaundry

TV Newsance 328 | 10 minutes for you, 15 hours for them. What Zomato’s CEO won’t tell you

On this week’s episode of TV Newsance, we look at the brutal reality of India’s gig economy. This isn’t a usual episode – we step away from studio shouting matches and spotlight some actual good reporting.

The Independent UK

Why India is asking its super-fast delivery services to slow down

Quick-commerce companies start removing ‘10-minute delivery’ promises after labour ministry raises worker safety concerns

The Independent UK

Why Indian gig workers are on strike on New Year’s Eve over ‘10-minute deliveries’

Quick commerce and food delivery services offer higher commissions as thousands of gig workers strike during holiday

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Whats Hot

The House of Makeba: The Gujarat Brand Redefining Experiential Vegetarian Dining Across India

For a long time across India, vegetarian dining carried stereotypes - traditional, predictable, and limited in imagination. Gujarat, in particular, carried the reputation of “simple comfort food.” Today, the city’s diners want cuisine that excites, spaces that inspire, and experiences worth remembering.

Newslaundry

More two-wheelers, gig workers under pressure: In India, 9 bike riders die every hour

Indian roads are increasingly becoming more dangerous for its most vulnerable users, an IndiaSpend analysis of national data shows. In a decade to 2023, road accident deaths increased 24 percent to about 173,000, but pedestrian deaths nearly tripled, those of two-wheeler riders nearly doubled, and cyclist deaths rose 13 percent.

Bored Panda

Samsung Brutally Mocks New iPhone Hours After Apple Launches It, And Other Brands Join In

“Sounds like high school mean girls - the phone edition.”

The Hindu

Swiggy changes worker insurance policy based on driver’s delivery performance: Report

Swiggy changes drivers’ insurance support and other privileges based on their performance, Rest of World reported.

The Hindu

Consumer forum orders Swiggy and restaurant to pay ₹10,000 for delivering ‘non-vegetarian’ food to customer

Hyderabad consumer commission orders Swiggy and restaurant to pay ₹10,000 for delivering non-vegetarian food to customer.

The Hindu

Swiggy food delivery executive caught with five kg ganja

Hyderabad police arrest Swiggy delivery executive with 5kg ganja, suspected inter-State drug peddler from Odisha.

The Hindu

Gig workers step in as commute turns tiresome

Food delivery executives in colorful T-shirts zip around cities, providing essential services during COVID-19 lockdowns, facing challenges and changes.

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