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Swiggy’s Quarterly Loss Narrows, but Misses Analyst Estimates

By Uniquetimesorg October 22, 2026 0

India’s food delivery and quick-commerce company Swiggy reported a consolidated net loss of ₹922 crore for the quarter ended September 30, narrowing from ₹1,092 crore a year earlier. However, the loss was higher than analysts’ expectations of ₹792 crore. Revenue from operations rose 36.1% year-on-year to ₹7,571 crore, exceeding market estimates. Swiggy’s food delivery Continue Reading

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Swiggy Shares Pare Gains Ahead of MSCI Index Exit

By Uniquetimesorg September 4, 2026 0

Swiggy shares ended 2.5% higher on Friday after giving up much of their earlier gains, as investors prepared for the food delivery company’s removal from MSCI indexes. The stock had climbed as much as 5.61% during the session before index-tracking funds adjusted their portfolios near the market close. Swiggy was estimated to face around $360 […]Continue Reading

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Swiggy Plans Instamart Model Shift to Boost Margins

By Uniquetimesorg August 20, 2026 0

Swiggy’s quick-commerce arm Instamart is preparing to shift from a marketplace model to an inventory-led model, following shareholder approval that gives the company Indian-owned and controlled status. The move could allow Instamart to hold inventory directly and compete more closely with market leader Blinkit in India’s rapidly growing quick-commerce sector. Swiggy Continue Reading

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Swiggy Shareholders Approve Indian-Owned Status Move

By Uniquetimesorg August 18, 2026 0

Swiggy said on Tuesday that shareholders have approved a proposal to cap aggregate foreign ownership at 49.5%, clearing a key hurdle for the food and grocery delivery company to qualify as an Indian-owned and controlled company (IOCC). The move could allow Swiggy’s quick-commerce business, Instamart, to shift from a marketplace model to an inventory-ownership model, […]Continue Reading

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Swiggy Sets ₹100 Billion Earnings Goal by FY31

By Uniquetimesorg August 6, 2026 0

Swiggy has announced an ambitious target of achieving ₹100 billion ($1.05 billion) in core earnings (EBITDA) by fiscal 2031. The company expects this growth to be driven by the continued expansion of its food delivery business and its quick-commerce platform, Instamart. The company projects Instamart’s gross order value (GOV) to increase four to five times, […]Continue Reading

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Swiggy Appoints Nandita Sinha as Instamart CEO

By Uniquetimesorg July 28, 2026 0

Swiggy has appointed Nandita Sinha as the Chief Executive Officer of its quick commerce platform, Instamart, effective August 3, following the resignation of Amitesh Kumar Jha. Sinha, the former CEO of Myntra, brings over two decades of leadership experience, having held key roles at Flipkart, Britannia, and Hindustan Unilever. The leadership change comes at a […]Continue Reading

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Swiggy Clarifies FSSAI Order on Toing, Says Issue Was Licence-Related

By Uniquetimesorg July 10, 2026 0

Swiggy has clarified that the Food Safety and Standards Authority of India (FSSAI) prohibition order concerning its budget food delivery platform, Toing, was related only to updating licence particulars and did not involve any food safety violations. The company said it addressed the observations and received a modified FSSAI licence on July 9. The company […]Continue Reading

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Flipkart Accelerates Quick Commerce Push Ahead of IPO Plans

By Uniquetimesorg June 24, 2026 0

Flipkart is rapidly scaling its quick commerce arm “Minutes,” planning to expand its neighbourhood warehouse network to around 1,500 locations in the coming months, up from about 1,000 at present. The move comes as the company prepares for a future Mumbai listing, although no fixed IPO timeline has been announced. Backed by Walmart, Flipkart is […]Continue Reading

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Swiggy Q4 Loss Narrows as Food Delivery Sees Strongest Growth in Years

By Uniquetimesorg May 9, 2026 0

India’s food and grocery delivery platform Swiggy reported a narrower fourth-quarter loss, helped by strong growth in its core food delivery business. The company said rising orders, expanding user numbers, and affordable offerings such as “99-Store” and restaurant marketplace “Toing” boosted demand. CEO Sriharsha Majety noted that the food delivery segment delivered its Continue Reading

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Swiggy Raises Platform Fee to ₹17.58 as Competition with Zomato Intensifies

By Uniquetimesorg March 24, 2026 0

Food delivery platform Swiggy has increased its platform fee to ₹17.58 per order, inclusive of GST, marking a 17.27 per cent rise from the earlier ₹14.99. The move comes shortly after rival Zomato also raised its effective platform fee to the same level, with a base charge of ₹14.90 plus ₹2.68 GST. This is the […]Continue Reading