The Latest Breaking News from Swiggy

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 · Jul 8

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 · Jul 8

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 · Jul 7

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 · Jun 24

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 · Jun 22

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 · Jun 20

Flipkart extends lead in Indian ecommerce, 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 · Jun 20

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times · Jun 18

Zepto's market position; TCS' AI verdict at AGM

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.

The Economic Times · Jun 9

Customers will feast as Zepto to pour fuel into quick commerce fire

Zepto’s proposed Rs 9,500 cr ($1 billion) IPO could significantly intensify competition in India’s already crowded quick commerce market. The company, which is targeting a July listing, plans to use the fresh capital to expand dark stores, invest in technology, and acquire more customers.

The Economic Times · Jun 9