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BIZARRE: 2 - What They Never Told You

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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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.

The Economic Times

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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.

The Economic Times

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The Economic Times

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

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…

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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

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…

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