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The Latest Breaking News from Swiggy

Swiggy shares jump 8%, rally 15% in 3 days. What's boosting investor sentiment?

Swiggy shares climbed significantly, extending recent gains for a third consecutive session. Nandita Sinha, former Myntra CEO, now leads Swiggy's Instamart business.This appointment occurs amid intense competition in India's quick commerce sector. Meanwhile, Zepto is reportedly negotiating its IPO pricing at a lower valuation.The company may defer its listing if…

The Economic Times

Instamart’s new CEO; parliamentary panel summons social media cos

Swiggy has roped in former Myntra CEO Nandita Sinha to lead its quick commerce unit Instamart. This and more in today’s ETtech Top 5.

The Economic Times

Swiggy Instamart ropes in ex-Myntra boss Nandita Sinha as q-comm battle heats up

Myntra's former CEO Nandita Sinha will lead Swiggy's Instamart quick commerce business from August 3. She replaces Amitesh Kumar Jha, who resigned on July 28 for other opportunities. Sinha previously led fashion e-commerce platform Myntra since 2022. This leadership change occurs as the quick commerce sector faces intense competition. Rivals…

The Economic Times

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Flipkart may add food delivery to its product offerings

Flipkart plans to launch a pilot in India's online food delivery sector soon. This move aims to challenge established players like Zomato and Swiggy. The company will learn from this pilot before considering a wider national rollout. Flipkart believes a strong value proposition can disrupt the current market. This expansion…

The Economic Times

Why Swiggy shares fell over 5% today: Foreign ownership cap sparks $460 million passive outflow fears

Swiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, raising concerns over its eligibility for major global indices. The move could lead to Swiggy's exclusion from the MSCI Standard and FTSE indices, triggering an estimated $460 million in passive outflows, according to reports.

The Economic Times

Zomato's Deepinder Goyal shrugs off Rapido, Swiggy's budget food bets

Eternal's CEO Deepinder Goyal downplayed competition from Rapido and Swiggy's budget food delivery services. He stated these low-cost offerings have had a limited impact on their business. Goyal emphasized Eternal's focus on its Bistro initiative for supply chain innovation. This new model aims to make food delivery viable at lower…

The Economic Times

Quick commerce platforms gear up for gourmet grocery war

Quick commerce platforms are preparing for a gourmet grocery war with Zepto, Flipkart Minutes and Amazon Now launching premium grocery offerings. Swiggy's Instamart and Blinkit are also expanding their premium produce selections. New platforms and D2C brands focused on clean food are gaining investor attention.

The Economic Times

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The Rs 200 meal is the new battleground for Swiggy, Zomato and other food delivery companies

Food delivery companies are adapting strategies to attract everyday officegoers. Swiggy and Zomato offer value meals and targeted discounts to customers. Ownly and Rebel Foods explore different pricing and occasion-based models. These platforms aim to make ordering food a regular habit. Affordability and varied offerings are key to future growth.

The Economic Times

Swiggy shares slide over 2% after FSSAI issues 9 notices over consumer complaints

Swiggy shares fell over 2% on Monday, extending losses for a second session after the Food Safety and Standards Authority of India (FSSAI) issued nine notices to Swiggy Instamart over consumer complaints alleging food safety violations. The regulator has sought a detailed explanation, compliance report and documentary evidence, warning that…

The Economic Times

Dmart recasts strategy as rapid delivery competition intensifies

DMart has scaled back its e-commerce footprint, exiting underperforming cities to focus on metros as competition intensifies in India’s rapid delivery space. Despite rising pressure from Amazon, Flipkart, Zepto and Swiggy, the retailer is sticking to its low-cost model and non-10-minute delivery approach amid muted earnings performance.

The Economic Times

Swiggy Instamart gets 9 FSSAI notices following customer complaints on contaminated food, milk

India's food regulator, FSSAI, issued nine notices to Swiggy Instamart. These notices followed multiple consumer complaints alleging unsafe food products were delivered. Expired, spoiled, and contaminated items were reportedly supplied through the quick commerce platform. FSSAI has demanded detailed explanations and compliance reports from Swiggy Instamart. Failure to comply may…

The Economic Times

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

Indian equities recovered after Wednesday’s sharp selloff, with Sensex and Nifty closing higher as midcaps and smallcaps outperformed. Falling India VIX, supportive global cues and improving domestic outlook boosted sentiment, though geopolitical risks and Fed inflation concerns kept investors cautious.

The Economic Times

Swiggy, Eternal surge up to 7%. Should investors chase the rally?

Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy's foreign ownership falling below 50% and optimism around quick commerce. Analysts remain positive on Eternal's long-term prospects, while maintaining a more cautious stance on Swiggy amid intensifying competition in the fast-growing quick commerce market.

The Economic Times

ETtech Explainer: Has Swiggy become Indian-owned after a drop in foreign ownership?

The IOCC status will allow Swiggy’s quick commerce arm Instamart to own inventory, thereby improving margins and supply chain control. However, while the foreign shareholding in the company has dropped to less than half, Swiggy has not yet achieved IOCC status.

The Economic Times

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The Economic Times

India eats 4 lakh rotis on trains as Swiggy's rail food orders triple in Q1FY27

Swiggy's rail food delivery saw threefold growth in the last quarter. Indian train travelers ordered over four lakh rotis during the summer months. Multi-station orders surged more than 300 percent year-on-year, indicating increased passenger engagement. This service is also attracting first-time users in smaller towns and cities. Popular food items…

The Economic Times

Swiggy's foreign shareholding falls below 50%: What it means for investors

Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial…

The Economic Times

Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?

Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.

The Economic Times

Blinkit to remain undisputed market leader despite Amazon, Flipkart's QC entry, says Anand Rathi, sees 43% upside

Despite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anand Rathi believes Blinkit remains the clear market leader due to its scale, strong customer retention and limited reliance on heavy discounts. The brokerage has reiterated its 'Buy' rating on Eternal with a target price of Rs…

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The Economic Times

From WhatsApp chats to food orders: How Sebi cracked a Rs 144 crore stock manipulation scheme

Sebi uncovered an alleged Rs 144 crore pump-and-dump scheme by analysing airline bookings, hotel stays, food delivery records, WhatsApp chats, telecom data and banking trails. The investigation linked digital footprints to identify the alleged mastermind and entities behind five manipulated stocks.

The Economic Times

Amazon’s rapid delivery push triggers $15 billion rout for Eternal, Swiggy

Eternal and Swiggy have pioneered India’s 10-minute delivery space, but rising competition is intensifying pressure. Blinkit and Instamart shares have fallen sharply amid concerns over Amazon and Flipkart expanding into rapid commerce through dark stores. The $11 billion segment is heating up further as Zepto prepares a $1 billion IPO…

The Economic Times

Swiggy Instamart COO Ankit Jain, CBO Hari Kumar quit amid top-level rejig

Quick commerce platform Instamart has seen key leadership departures with COO Ankit Jain and CBO Hari Kumar resigning due to personal reasons. Both executives, formerly of Flipkart, played crucial roles in the quick commerce business. This comes as Swiggy, Instamart's parent company, faces intense competition in the rapidly growing quick…

The Economic Times

Walmart's Flipkart, Amazon step up India 'quick commerce' bet as competition heats up

Walmart's Flipkart and Amazon are accelerating their quick commerce expansion in India, targeting smaller cities to compete with domestic players. This rapid delivery sector, promising goods within minutes, is reshaping shopping habits. While Blinkit and Swiggy lead in store count, Flipkart and Amazon are significantly increasing their reach, with Flipkart…

The Economic Times

Inside Zepto's profit push ahead of its IPO

Zepto's upcoming $1 billion IPO highlights the quick commerce sector's investment surge. Despite strong order volumes, Zepto's aggressive low-price strategy has led to significant operating losses, though per-order losses are narrowing. Investors will closely watch its ability to improve monetisation and profitability while maintaining growth.

The Economic Times

Flipkart extends lead in Indian e-commerce, Myntra widens lead in fashion, says BofA

Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce,…

The Economic Times

Flipkart extends lead in Indian ecommerce, Myntra widens lead in fashion, says BofA

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