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BIZARRE: Instamart | Mind Blowing Facts

ETtech Interview | Quick commerce industry unlikely to sustain as many players as today: Swiggy's Sriharsha Majety

Swiggy CEO Sriharsha Majety believes the quick commerce market is overpopulated and prioritises long-term economics over market share battles. He addressed recent shareholder concerns regarding board appointment rights, emphasising its link to the company's Indian Owned and Controlled Company (IOCC) status.

The Economic Times

Swiggy CEO Sriharsha Majety vows to stay out of Amazon-Ambani spending war

Swiggy is prioritizing profitability over rapid expansion. The company will not match rivals like Flipkart and Reliance Retail's aggressive delivery speed and discount strategies. Swiggy's CEO believes this approach will retain loyal customers. This decision comes amid intense competition in India's fast-growing quick commerce sector. Investors are seeking a clear…

The Economic Times

India’s kitchens turn into mini gyms as protein orders soar 150%

India's embrace of high-protein diets is transforming grocery habits, with quick commerce platforms seeing a 150% surge in protein-related orders over two years. This trend is rapidly expanding beyond metros, with smaller cities showing over 200% faster growth in protein consumption, indicating a shift towards 'better-for-you' eating.

The Economic Times

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ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart

Swiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its articles of association. This governance reset was crucial for its Instamart unit to gain inventory flexibility and improve margins, a strategy that benefited rival Eternal.

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

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

Woman orders microwave late at night sparks online reactions

In an age where instant deliveries have become the norm, one late-night order has taken convenience to a whole new level—and the internet can’t stop talking about it.

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Get your Milton Friedman and Ayn Rand right: Zomato and Blinkit aren’t capitalism

Late last week, I wrote a piece responding to Deepinder Goyal’s tweets on how he views India’s gig economy. It went viral – and as is inevitable with anything that does, it brought with it an equal measure of bouquets and brickbats.

Newslaundry

Indian Foodtech Startup Swiggy To Cut 6% Of Staff Ahead Of Planned IPO

Swiggy is planning an IPO later in 2024, and it is looking to reduce cash burn from its Instamart grocery unit so it can present the "best possible numbers" when it goes public.

International Business Times

Swiggy to use drones to replenish grocery stocks in pilot project

The company sees the pilot project as a stepping stone in unearthing possibilities for drone-assisted deliveries in the e-commerce space

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