Swiggy Pulls the Plug on Rapid 15-Minute Delivery Service Snacc
Bengaluru-based Swiggy has shut down Snacc, its app for 10–15 minute food delivery, less than a year after launching.
Tag: Swiggy
Swiggy Instamart Faces Profitability Challenges with Rs 908 Cr Loss in Q3 FY26
Instamart processed 106.4 million orders from 12.8 million users, despite reporting a loss of Rs 908 crore.
Swiggy Reports ₹6,148 Crores in Revenue for Q3 FY26, Sees 32% Surge in Losses
Swiggy reported a 54% growth in operating revenue to Rs 6,148 crore, though losses increased to Rs 1,065 crore.
Swiggy Launches Innovative Instamart Experience Store in Gurugram
Swiggy has piloted a physical store for Instamart in Gurugram, testing a limited offline format.
Swiggy Wraps Up ₹10,000 Crore QIP at Just Below Floor Price
Swiggy has closed its Rs 10,000 crore QIP, raising funds from institutional investors at Rs 375 per share.
Swiggy Secures Shareholder Approval for ₹10,000 Crore QIP Initiative
Swiggy has secured approval to raise Rs 10,000 crore via QIP, aiming to boost its capital base and growth.
“26 Companies Commit to Transparency by Rejecting ‘Dark Patterns'”
The Ministry of Consumer Affairs reported that 26 e-commerce platforms declared their interfaces free from dark patterns.
Swiggy’s Q2 FY26 Losses Surge by 74% to Rs 1,092 Cr, While Instamart Experiences Double Growth
Swiggy's revenue surged 54% to Rs 5,561 crore, but losses swelled 74% to Rs 1,092 crore in Q2 FY26.
Swiggy Sells Its Share in Rapido, Reaping 2.35X Returns; Prosus and WestBridge Step In to Acquire Stake
Swiggy announced the sale of its stake in Rapido for Rs 2,399.5 crore, securing over a 2.3X return.
BNP Paribas Teams Up with Eternal and Sells Its Stake in Swiggy
Institutional investors rotated positions in the stock market, focusing on bulk deals in food delivery.
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