SWIGGY BOLT SERVICE
Food delivery startup Swish raises Rs 122 crore from investors led by Hara Global and Accel
The funds will be used for expanding operations across Bengaluru, with plans to roll out the quick food delivery model to more pincodes in the upcoming months.
Zomato’s 10-minute food delivery offering contributing 8% to platform’s volumes: CEO Deepinder Goyal
The service, named Quick, aggregates restaurants and eateries from where it makes rapid delivery of a limited set of food items. Quick’s rival Bolt from Swiggy, last month clocked a 9% contribution to its food delivery volumes.
Indian grocery giant BigBasket eyes IPO in 2 years as business booms
India's BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones.
Zepto Cafe crosses 100,000 orders per day mark, says CEO Aadit Palicha
According to Palicha’s post on X, this order rate indicates a $100 million annualised GMV run rate at a near-50% gross margin for the quick commerce platform's 10-minute food delivery service.
Swiggy management confident of EBITDA profitability by Q3 FY26
Swiggy aims for EBITDA profitability by Q3 FY26, driven by food delivery growth and quick commerce breakeven. The quick commerce expansion and innovation are expected to sustain robust growth.
Swiggy’s Q3 losses widen 40% to Rs 799 crore; Instamart margins hit amid rising competition
Swiggy reported a 31% revenue growth to Rs 3,993 crore in Q3, but losses widened to Rs 799 crore due to investments in quick commerce. Despite increased competition, its food delivery business and Instamart showed growth.
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Sam Altman & OpenAI’s India surge; Swiggy’s Q3 earnings
India is OpenAI’s second-largest market, with users tripling in a year, company CEO Sam Altman said. This and more in today’s ETtech Top 5.
Swiggy Q3 Results: Cons loss widens to Rs 799 crore, despite 31% YoY revenue jump
Swiggy Q3 Results 2025: Revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year.
Private labelling by Zomato, Swiggy will wipe out many small, localised food businesses: NRAI’s Sagar Daryani
The industry body said that survival of many small businesses is under threat, with many of them in tier 2 and tier 3 towns already feeling immense pressure amid such developments.
Restaurants body eyes legal challenge against 10-minute delivery apps
The National Restaurant Association of India (NRAI) plans to pursue legal action against Zomato-owned Blinkit and Swiggy for launching standalone 10-minute food delivery applications. NRAI claimed that the companies operate private labels for their 10-minute services and use restaurants’ data, raising concerns for restaurant partners.
Zomato may have lost food delivery market share in Q3 as rivals scaled up 10-minute services: ICICI Securities
For the food and grocery delivery giant, the number of monthly transacting customers for the October-December quarter fell to 20.3 million from 20.5 million in July-September. On Tuesday, Zomato’s shares shed nearly 11% to Rs 214.65 on the BSE.
Reducing delivery time creates incremental demand for restaurant food: Zomato CEO Deepinder Goyal
According to the CEO of the food delivery giant, 10-minute deliveries can be done only when the kitchen network is dense. This both brings down the travel of the delivery partners and the food preparation time in the kitchen, he said. Zomato and Swiggy had launched their standalone apps for 10-minute food delivery earlier this month.
Swiggy partners with Blue Tokai to deliver coffee in 15 minutes via SNACC
Swiggy partners with Blue Tokai Coffee Roasters to offer instant coffee delivery through the SNACC app, boasting a 15-minute delivery promise. This collaboration is part of Swiggy's broader strategy to dominate the rapid food delivery market, competing with players like Zomato and Blinkit.
Zepto Cafe crosses 50,000 orders per day within 4 weeks: Aadit Palicha
Zepto's competitors, Zomato-owned Blinkit and Swiggy, also launched their 10-minute food delivery offerings earlier this week. In December, Zepto's CEO, Aadit Palicha, posted on X that they were receiving around 30,000 orders per day. Four weeks later, he has posted again, stating that they had surpassed 50,000 orders per day.
Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Blinkit CEO responds to restaurant body concerns on 10-minute food delivery
Blinkit CEO Albinder Dhindsa assured that Zomato won't launch private brands on its app to compete with restaurant partners, addressing concerns from the National Restaurants Association of India. Dhindsa emphasised Bistro’s independence and commitment to ethical practices despite added costs.
Innovaccer & Giva funding; restaurant body vs Zomato, Swiggy
Happy Friday! The deal counter is buzzing with new funding rounds across sectors. This and more in today’s ETtech Morning Dispatch.
Restaurant body vs Zomato, Swiggy; Dunzo CEO joins Flipkart
Restaurant industry body NRAI has challenged 10-minute food delivery apps. This and more in today's ETtech Top 5.
Restaurant body NRAI to approach CCI against Zomato, Swiggy over 10-minute food delivery apps
Zomato-owned Blinkit and Swiggy recently launched standalone apps named Bistro and Snacc, respectively. The National Restaurant Association of India (NRAI) claims this amounts to the companies operating private labels, which raises concerns for restaurant partners.
Swiggy Instamart expands to 76 cities, to launch a standalone app
"The positive reception in new cities and categories suggests Instamart could achieve far greater user adoption, going well beyond 100M+ users,” Sriharsha Majety, MD & group CEO, Swiggy said in a statement. ET reported on Wednesday that Swiggy is shifting to becoming a house of apps from its current strategy of having different offerings in its main app.
Decoding Swiggy’s standalone app Snacc and the 15 minute food delivery frenzy
Swiggy introduced a new app called Snacc for delivering food in 10 minutes. It competes with delivery services from Zomato, Blinkit, and Zepto. Different companies use various models for quick food delivery, including dark stores and restaurant deliveries. The overall market for rapid food delivery is expanding with multiple players entering the space.
Rising marketing costs for stock brokers; ecomm pushes qcomm
Happy Thursday! New-age brokers are dealing with rising customer acquisition costs. This and more in today’s ETtech Morning Dispatch.
Swiggy unboxes professional services app Pyng under house of apps strategy
Chinese tech giants Alibaba and Meituan have had multiple apps under the group for various services. It contrasts with the one ‘superapp’ strategy where consumers come for one basic use-case and transact through multiple services. Superapps have not experienced any significant success in India.
Swiggy enters 15-min food delivery; Meta adopts Community Notes
Swiggy has rolled out Snacc, a standalone app for 10-15 minute food delivery. This and more in today’s ETtech Top 5.
Swiggy launches standalone app Snacc for 15-minute food delivery
In contrast to Swiggy’s Bolt service, through which the firm offers rapid food delivery from restaurants, Snacc sells fast food, prepared meals and beverages. The service has been introduced in Bengaluru so far. Snacc’s offering is similar to Blinkit’s Bistro and Zepto Café, both of which have also introduced standalone apps.
Zomato launches 15-minute food delivery offering
The service, covering restaurants in a limited radius of 1.5-2 km, has so far been rolled out only across a few regions. According to sources, a rapid scale-up was underway. This is Zomato’s second attempt at 15-minute food delivery after it shut down an experiment called Zomato Instant in 2023, which was rebranded, Everyday.
Is the 10-minute dash becoming the way to sell in India?
Quick commerce, driven by consumer demand for speed, is challenging traditional retail and services sectors with rapid diversifications, including Blinkit's 10-minute ambulance service. Key players like Zomato, Swiggy, and others are expanding beyond food delivery, entering diverse areas such as groceries, handyman services, and B2B logistics.
Blinkit rolls out 10-minute ambulance service in Gurugram
The first five ambulances will be flagged off today, said the Zomato-owned quick commerce platform’s chief executive Albinder Dhindsa on microblogging site X. The company plans to launch this service in all major cities in the next two years. The ambulances are equipped with essential life-saving equipment as well as a paramedic and an assistant.
Swiggy's 10-minute food delivery service Bolt contributing 5% to firm's overall food orders
For the company, this expansion marked a major scaleup of an experiment it launched a few months ago to strengthen growth in its food delivery segment. Swiggy's GOV from food delivery grew 14% on year to Rs 7,191 crore.
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