Page 10 - Swiggy

Swiggy Bolt expands to 500 cities as Zomato shuts down 'Quick' service

Swiggy Bolt now handles one in every ten food orders on the platform, marking rapid expansion even as rival Zomato discontinues its instant delivery service 'Quick'

Swiggy expands 10-minute food delivery service 'Bolt' to over 500 cities

Swiggy on Friday said its 10-minute food delivery service 'Bolt', which was launched in October last year, is now operational in more than 500 cities across the country. Presently, at least one in every 10 food delivery orders delivered by Swiggy are delivered using the 'Bolt' service. The offering is now available in over 500 cities across India. Swiggy's scaling up of 'Bolt' comes at a time when its rival Eternal, formerly Zomato, has announced shutting down of the 'Zomato Quick' offering, stating it is not seeing the path to profitability without compromising on customer experience, observing that the current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes, leading to inconsistent customer experience. Swiggy Food Marketplace CEO Rohit Kapoor said, "Bolt fits into the way people live today. You're hungry, you want something now, and you don't want to compromise. We built Bolt for that moment. Seeing it scale to 500-plus cities in ju

NRAI dials Rapido to challenge dominance of Swiggy, Zomato in food delivery

Initially launched as a ride-hailing platform, Rapido is eyeing to enter food delivery to challenge the dominance of Swiggy and Zomato

ONDC & NRAI working together to shape a robust framework for food business

Several restaurant members had told Business Standard that there could be a tie-up with Rapido

Cooperation ministry signs MoU with Swiggy Instamart to market products

The cooperation ministry has signed a memorandum of understanding with Swiggy Instamart to onboard cooperative dairy and other products on the e-commerce platform. Under the agreement, products under Bharat Organics and other cooperative dairy products will be available on Swiggy's e-commerce and q-commerce platforms. The agreement was signed on Friday by Swiggy Instamart CEO Amitesh Jha and Joint Secretary of the ministry D K Verma, with Cooperation Secretary Ashish Kumar Bhutani present at the ceremony. "The signing of MoU will facilitate cooperatives to connect to new age customers through new age technologies," the ministry said in a statement. Swiggy will create a dedicated "Cooperative" category on its platform, featuring organic products, dairy, millets, handicraft and other items developed by cooperative organizations. The partnership aims to support cooperative brands in marketing, promotion, consumer technology and capacity building, according to the ministry. The ...

Swiggy tanks 6% on heavy volume, nears record low; Key reasons for fall

FPIs' stake in Swiggy declined to 4.9% in the March 2025 quarter from 6.2% at the end of December 2024 quarter, shows the shareholding data.

Delhi HC seeks response from Swiggy, Zepto, Meity on PwD accessibility plea

The petition has been filed by Mission Accessibility, an NGO advocating the rights of persons with disabilities

Delhi High Court seeks response from CCI and Zomato on NRAI plea

Plea challenges its exclusion from the confidentiality ring giving access to CCI probe documents

Anchor lock-in expiry to unlock ₹2.36-trn worth shares in April-May 2025

Here are the complete details of the companies that will see the lock-in expiry of equity shares held by anchor investors, along with their estimated value and lock-in expiry dates

Here is why Swiggy shares were buzzing in trade on Wednesday, April 16

Swiggy has signed a Memorandum of Understanding (MoU) with the Ministry of Labour & Employment as part of its overall approach to increase job creation through public-private partnership

Stocks to Watch Today, April 16: IndusInd Bank, ICICI Lombard, IREDA

Stocks to Watch Today, April 16: IndusInd Bank, Adani Total Gas, ICICI Lombard, IREDA are some of the top stocks to watch today

Swiggy partners with labour ministry to create 1.2 million jobs in 3 years

The Union government has partnered with Swiggy to enhance job opportunities and streamline recruitment through its NCS portal

Swiggy launches AI-powered Pyng app, enters professional services market

At the core of this experience is Pyng's Smart AI Assistance. It understands user queries and their nuances to recommend the most relevant professionals as per individual needs

Swiggy launches Pyng, a new app to connect users with professionals

This marks Swiggy's entry into the growing market of professional services. As of now, Pyng is available to users in Bengaluru

Swiggy's new SNACC app now delivering in Noida, Gurugram in 10 minutes

Delivery of a wide range of delicious snacks, food and beverages in 10 minutes caters to time-starved working professionals and new-age consumers in urban India

Swiggy share price advances 3% on launching Maxxsaver; check details here

The northward movement in Swiggy's share price came on the back of the news that the company's quick commerce arm, Swiggy Instamart, has launched an in-app feature called 'Maxxsaver'

Swiggy Instamart launches new in-app feature 'Maxxsaver' for savings

Swiggy Instamart currently offers over 35,000 products, ranging from groceries and daily essentials to electronics, smartphones, fashion, makeup, and toys

Swiggy receives Rs 7.59 cr tax demand notice for AY 2021-22 in Pune

Food and grocery delivery platform Swiggy has received an an assessment order for the April 2021 to March 2022 period, amounting to Rs 7.59 crore from the Office of the Profession Tax Officer, Pune. Violation of provisions pertaining to deduction of Profession Tax from the employees' salary under the Maharashtra State Tax on Professions, Trades, Callings & Employments Act, 1975, has been alleged against the company, it said in a regulatory filing. "The Company believes that it has strong arguments against the Order and is taking necessary steps to protect its interest through review/appeal," Swiggy stated in the filing on Saturday. The company believes that the order has no major adverse impact on its financials and operations.

Stocks to Watch on Apr 2, 2025: CSB Bank, Zomato, Swiggy, auto stocks, MTNL

Stocks to Watch on Apr 2, 2025: Zomato, Swiggy, auto stocks, and others will remain in focus today

Swiggy receives ₹158 crore tax demand notice; plans to challenge order

Food and grocery delivery platform Swiggy on Tuesday said it received an assessment order with an additional tax demand of over Rs 158 crore for the period between April 2021 and March 2022. The order has been issued by Deputy Commissioner of Income-tax, Central Circle 1 (1), Bangalore. It relates to alleged contraventions including cancellation charges paid to merchants disallowed under Section 37 of the Income-tax Act 1961 and interest income on income tax refund not being offered to tax. "The Company has received an assessment order for the period April 2021 to March 2022 where an addition of Rs 158,25,80,987 (one hundred and fifty-eight crores twenty five lakhs, eighty thousand nine hundred and eighty seven, only) has been made," Swiggy said in a regulatory filing. The company believes that it has strong arguments against the order and is taking necessary steps to protect its interest through review/appeal, it added. The company said the order has no major adverse impact on it