Swiggy Instamart to increase delivery fees
Your Swiggy Instamart orders may become costlier soon
Swiggy, a major player in the food and grocery delivery space, is considering raising delivery charges for its quick commerce arm, Instamart. The company's Chief Financial Officer (CFO), Rahul Bothra, disclosed the plan during an interaction with analysts. The development comes after the firm announced its Q2 FY25 financial results yesterday.
Sriharsha Majety, Managing Director & CEO of Swiggy stated that quick commerce is a rapidly evolving sector with distinct ...
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Swiggy, a leading food delivery and quick-commerce app in India, said on Monday that it has expanded its 10-minute food ...
The incremental value for Swiggy lies in Instamart, as quick commerce is a bigger opportunity than the food delivery business.
Swiggy shares rose 6.76 per cent to hit a high of Rs 534.85. At this price, the stock was 1.36 per cent away from a high ...
Press Trust of India on MSN17h
Swiggy's loss narrows marginally to Rs 626 crore in Q2Swiggy's Q2 financials show a reduced net loss at Rs 625.53 crore with revenue from operations rising to Rs 3,601.45 crore.
Swiggy, with a healthy cash balance of over ₹8,000 crore, has no immediate fundraising plans. Their food delivery business is ...
Brokerage firm Motilal Oswal said in a post-earnings report that Swiggy's growth was faster than the category average set by ...
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