Swiggy’s Loss Balloons to ₹1,197 Crore in Q1 FY26 as Revenue Jumps 54%
BENGALURU — India’s food delivery giant Swiggy reported a net loss of ₹1,197 crore for Q1 of FY26, a steep 96% rise year-on-year, as the company continues to pour money into expanding its quick commerce vertical, even as revenues surged.
The widening loss underscores the tug-of-war between aggressive growth and…
Flipkart Appoints Kabeer Biswas to Lead Quick Delivery Business – A Bold Move in the Growing Market!
In a strategic move to boost its presence in India’s rapidly expanding quick delivery market, Flipkart has appointed Kabeer Biswas, the co-founder of Dunzo, to lead its new service, Flipkart Minutes. This appointment comes as Flipkart aims to dominate the competitive world of ultra-fast…
In a bold move to tap into India’s rapidly growing quick commerce market, Blinkit, the quick delivery platform owned by Zomato, has expanded its services to Jammu. The company is now offering fast deliveries of groceries and other essential products in just 10 minutes! This new expansion will bring Blinkit’s signature speed and convenience to more customers, making it easier than ever to get…
Introduction: In 2024, Swiggy Instamart has proven just how much quick commerce has become a part of everyday life in India. From buying essentials like milk and groceries to splurging on gold coins and gadgets, Swiggy Instamart shoppers have been hitting some jaw-dropping numbers.
According to a new report, two high-spending users from Delhi and Dehradun together spent over ₹20 lakhs this year…
Swiggy, India’s popular food delivery giant, has reported impressive growth in its latest financial results for the July-September quarter of FY25. The company’s revenue surged by a remarkable 30% year-on-year (YoY), reaching ₹3,601.5 crore, up from ₹2,763.3 crore in the same period last year. While Swiggy’s losses have slightly decreased, there’s much more happening at the company…
Swiggy Instamart Strengthens Leadership with New Head of Monetization
In a strategic move to further boost its growth in India’s rapidly expanding quick commerce sector, Swiggy Instamart has appointed Kanika Tiwari as its new Head of Monetization. Tiwari’s appointment comes at a crucial time when competition in the quick commerce industry is intensifying, and companies like Zepto, Blinkit, and…
Amazon’s Bold Move into the Quick Commerce Market
Amazon India is gearing up to enter the rapidly growing quick commerce industry with a new delivery service, codenamed Tez. This service is expected to rival established players like Zepto, Blinkit, Swiggy Instamart, and Flipkart Minutes, marking a significant shift for the e-commerce giant.
According to a recent report from Reuters, Amazon plans…
Amazon India is preparing to launch its highly anticipated quick commerce service, codenamed Tez, which will focus on fast deliveries of groceries and daily essentials. The company plans to roll out the service by late December or early next year, marking Amazon’s first-ever entry into the quick commerce space globally.
This move comes at a time when quick commerce, the fast-growing segment of…
Zepto, the fast-growing quick commerce startup, is gearing up to secure $300 million in funding, nearly doubling its original target. This new funding boost comes as Zepto competes head-to-head with rivals like Zomato’s Blinkit and Swiggy’s Instamart, both of which have already established strong footholds in India’s booming quick commerce market.
With this massive new investment, Zepto is…
Swiggy Instamart, the quick commerce arm of the popular food delivery platform Swiggy, has announced the appointment of Sairam Krishnamurthy as its new Chief Operating Officer (COO). This strategic move comes as Swiggy prepares for its upcoming Initial Public Offering (IPO) and aims to enhance its operations and expansion efforts.
New Role and ResponsibilitiesIn his role as senior vice-president…
