Swiggy's Rapid Expansion into Quick Commerce: A Bold Venture into the Future of Retail
4 months, 4 weeks ago

Swiggy's Rapid Expansion into Quick Commerce: A Bold Venture into the Future of Retail

Live Mint  

Swiggy's co-founder and CEO Sriharsha Majety has stated that customer experience, and not capital, will ultimately drive the fortunes of quick commerce platforms. He highlighted the company's recent investments in food and medicine delivery services, as well as its expansion into new categories such as Bolt and PharmEasy.

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History of this topic

India’s quick food delivery face-off: Whose data is it anyway?
2 months, 2 weeks ago

India’s quick food delivery face-off: Whose data is it anyway?

Live Mint  

That successful online aggregators would loom ever larger over the small suppliers enrolled on their platforms was obvious all along. The latest to feel the heat are eateries worried by quick-food delivery services launched by online majors, which they fear will source food from third-party suppliers and even set up their own ‘cloud kitchens’, leaving them in the lurch. Calling …

Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Bernstein Report
2 months, 3 weeks ago

Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Bernstein Report

Live Mint  

New Delhi, January 7 : India's quick commerce sector is expected to expand beyond groceries into new categories and cities in 2025 as Tier-2 and smaller cities embrace this model, says a report by Bernstein. It said, "2025 will see amplification of Quick commerce as new categories & new cities drive stronger growth. The report said, "D2C brands have seen …

Delivery partners and the new Kunal Kamra unions
2 months, 3 weeks ago

Delivery partners and the new Kunal Kamra unions

New Indian Express  

The government has also contributed to the chaos. More recently, quick commerce companies, backed by huge investments, have found a new niche – impulse buying by consumers; and ability to deliver in 8 to 20 minutes round the clock. Though still small, the gross merchandise value of quick commerce, mainly from groceries, increased from Rs 50 crore in FY2022 to …

Quick commerce is rocketing. So, are kiranas on the way out?
2 months, 4 weeks ago

Quick commerce is rocketing. So, are kiranas on the way out?

Live Mint  

New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. As of 2023-24, according to data compiled by the National Sample Survey, there were around 22.8 million ‘unincorporated’ establishments conducting some sort of trade. Quick economics Ultimately, the ‘decline’ of kiranas may have come about from a combination …

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position
Trending News
3 months, 2 weeks ago

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position

Live Mint  

Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. Analysts at Axis Capital view Swiggy as a compelling investment opportunity, …

Can Swiggy’s Instamart spice it up in quick commerce?
3 months, 3 weeks ago

Can Swiggy’s Instamart spice it up in quick commerce?

Live Mint  

For the September quarter, both companies saw about 5% and 24% growth in their respective gross order values of the food delivery and quick-commerce businesses. In Q2FY25, Swiggy’s GOV was ₹10,600 crore against ₹15,800 crore of Zomato in both the main businesses, i.e., food delivery and quick commerce together. Its adjusted Ebitda in Q2FY25 in the two businesses was ₹333 …

Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price
3 months, 3 weeks ago

Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price

Live Mint  

Swiggy, the popular food delivery aggregator and a direct competitor to Zomato, saw its shares spike 10 per cent in Tuesday's trade, reaching a fresh high of ₹541.95 per share. It believes the stock is priced at a 35 per cent to 40 per cent discount to Zomato and sees room for this valuation gap to narrow as Swiggy demonstrates …

Catching fast: Quick commerce is here to stay
3 months, 4 weeks ago

Catching fast: Quick commerce is here to stay

New Indian Express  

BENGALURU: A few years ago, when the concept of quick commerce, a business model where goods are delivered within 10 minutes to 1 hour, started gaining traction, venture capitalists and even a few start-up founders raised questions on the model and wondered whether it is scalable, and do customers really require 10 minutes delivery. Now, Amazon India mulls foraying into …

Motilal Oswal initiates coverage on Swiggy, sees 16% upside; here’s what the brokerage says
4 months, 1 week ago

Motilal Oswal initiates coverage on Swiggy, sees 16% upside; here’s what the brokerage says

Live Mint  

Swiggy, the recently-listed food tech company, has garnered significant attention from leading domestic brokerage firms. While Zomato currently holds a leadership position in both food delivery and quick commerce, Swiggy’s user base appears more mature and loyal. “Although Zomato has captured more market share in food delivery, Swiggy’s cohorts demonstrate higher stickiness and better GOV/MTU ratios,” the brokerage stated. Motilal …

Inside Swiggy's listing gains: 70 dollar millionaires, 500 crorepati employees
4 months, 2 weeks ago

Inside Swiggy's listing gains: 70 dollar millionaires, 500 crorepati employees

India Today  

Swiggy's IPO not only marks one of the largest listings in recent times for a new-age company but also brings substantial financial rewards for thousands of its employees. As the food delivery and quick commerce giant made its stock market debut on November 13, as many as 70 current and former Swiggy employees stand to become dollar millionaires, reported moneycontrol.com. …

How ‘ideas man’ Sriharsha Majety’s hyperlocal focus put Swiggy on the map
4 months, 2 weeks ago

How ‘ideas man’ Sriharsha Majety’s hyperlocal focus put Swiggy on the map

Live Mint  

Mumbai: When Swiggy Ltd lists on the stock exchanges on Wednesday, it will mark the culmination of a short journey for Sriharsha Majety, the company’s co-founder. Much like food delivery, Majety and his team eventually managed to bring the investors around within two quarters and raise fresh capital months later. During the initial public offering press conference on 31 October, …

Swiggy IPO: Navigating a competitive landscape. Can it deliver?
4 months, 3 weeks ago

Swiggy IPO: Navigating a competitive landscape. Can it deliver?

Live Mint  

Swiggy, the food-delivery and quick-commerce giant, is poised to make its much-anticipated market debut, aiming to raise ₹11,327 crore through its initial public offering, with shares priced between ₹371 and ₹390 apiece. “Swiggy’s approach of an integrated app offering versus Zomato’s multi-app approach helps it innovate faster," Motilal Oswal said in a report. With a compound annual growth rate of …

Quick commerce hottest category: Swiggy co-founder
4 months, 3 weeks ago

Quick commerce hottest category: Swiggy co-founder

New Indian Express  

BENGALURU: Quick commerce is the hottest category with its fast growth, large TAM, as the category can be $30-$50 billion in four years, supported by strong CAGR, said Swiggy co-founder and group CEO Sriharsha Majety. “Consumer preferences, needs and wants, everything is getting developed and emerging as we go into the next phase of quick commerce,” he said. Launched in …

Quick commerce firms expanding ops beyond groceries, food delivery
10 months, 2 weeks ago

Quick commerce firms expanding ops beyond groceries, food delivery

New Indian Express  

NEW DELHI: The quick commerce segment is heating up as many firms are now entering quick delivery and looking beyond groceries and food delivery. Earlier this month, Swiggy Instamart started delivering movie merchandise, marking a new category in the quick commerce industry. When players such as Zepto and Blinkit pivoted the quick commerce segment, experts questioned the model, safety of …

As Indians expect groceries in 10 mins, delivery agents struggle
3 years, 1 month ago

As Indians expect groceries in 10 mins, delivery agents struggle

Al Jazeera  

Bengaluru, India–Lately, Shaik Salauddin’s phone has been ringing off the hook. Delivery workers from around India have been calling this founder of a gig and platform workers’ union to share their grievances – some had accidents while trying to deliver groceries within the stipulated time, a few are in trouble with the traffic police and some others need help claiming …

Quick delivery services driving hiring in e-com
3 years, 1 month ago

Quick delivery services driving hiring in e-com

Deccan Chronicle  

Chennai: Quick delivery services are driving jobs in the e-commerce space with the last mile delivery hiring growing by around 70 per cent in the December quarter. "The year seems to be optimistic for last mile delivery services and a healthy kick-start is expected as hiring for the quarter is at 69 per cent, up by 20 per cent from …

Swiggy takes on BigBasket, Grofers, to deliver groceries
6 years, 1 month ago

Swiggy takes on BigBasket, Grofers, to deliver groceries

Live Mint  

Bengaluru: Online food delivery service Swiggy has expanded into delivering items such as groceries, fresh produce and other essentials, as India’s fifth most valuable startup seeks to better utilize its army of delivery riders. Experts tracking the consumer internet space believe that the launch of Swiggy Stores may give tough competition to Dunzo, but it may not make a huge …

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