Tue, Dec 03, 2024
On-demand convenience platform Swiggy is betting big on its quick commerce business and plans to double its store count to over 1,045 with more than double the area to 40 lakh square feet by March 2025, the company said on Tuesday.
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Fri, Sep 06, 2024
Swiggy stated that the Incognito Mode is also ideal for discreet purchases, such as personal wellness products on Swiggy Instamart, as this feature ensures that such orders remain private, giving users confidence that their choices will not be visible to others.
Thu, Sep 05, 2024
In comparison, Zomato posted over 126 per cent growth in net profit to reach Rs 253 crore in the April-June quarter (Q1 FY25), from Rs 2 crore in net profit in the same quarter last year. The Deepinder Goyal-run company reported 74 per cent growth (year-on-year) in revenue at Rs 4,206 crore in Q1 FY25.
Thu, Aug 29, 2024
Swiggy has appointed Amitesh Jha as the new CEO of Swiggy Instamart, effective September 4, 2024. Jha, formerly with Flipkart, brings over two decades of experience to the role.
Mon, Aug 05, 2024
Krishnamurthy will oversee Swiggy Instamart's operating units, which include dark store operations, infrastructure operations, city growth, and expansion, the company said in a statement. He brings over 18 years of experience in leadership roles spanning FMCG, consumer tech, and retail, the company said.
Wed, Jun 19, 2024
Launched in August 2020, Swiggy Instamart is present in over 25 cities. Instamart uses Swiggy’s superior technology and dedicated delivery fleet to bring over 10,000 products to the doorsteps of Indians in 10 minutes.
Mon, May 20, 2024
SHIELD's Device Intelligence will enable Swiggy to reduce promo abuse and deter fraudulent practices within the Delivery Partner ecosystem.
Tue, May 14, 2024
Blinkit, Zepto, and Instamart are fiercely competing, offering cashback incentives and striving for widespread adoption. Blinkit currently commands a substantial 45% market share, followed by Instamart at 27% and Zepto at 21%.
Thu, Apr 25, 2024
Prosus, one of the key investors in the online food delivery platform, has around 32 per cent stake in Swiggy while SoftBank has around 8 per cent stake while VC firms Accel 6.2 per cent and Elevation Capital 4.4 per cent, according to Tracxn, a leading market intelligence platform.
Wed, Jul 12, 2023
Heavy rain has crippled online deliveries in Delhi NCR, leaving many consumers without access to essential goods and services. Quick commerce platforms like Swiggy Instamart, Blinkit, and Zepto are under pressure as rain disrupts operations. Restaurants have also been affected, as few customers are venturing out in the rain.
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