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Swiggy, India’s top food-delivery startup, will invest $700 million in its express grocery delivery service Instamart, significantly intensifying the competition for quick commerce in the world ...
Swiggy is an Indian online food ordering and delivery platform. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. [ 4] Besides food delivery, the platform also provides on-demand grocery deliveries under the name Instamart, and a same-day package delivery service called Swiggy Genie.
Instamart, Swiggy’s instant delivery service, is set to reach an annual GMV run rate of $1 billion in the next three quarters, the startup said. Instamart has become one of the major focus areas ...
The quick commerce players — Zomato-owned Blinkit, Swiggy’s Instamart and YC Continuity-backed Zepto — can reach an estimated 25 million households, who are likely to spend an average of ...
Swiggy, at a company level, is still not profitable. The startup is burning more than $20 million a month on its instant grocery delivery business, called Instamart, according to two people ...
Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its India's Swiggy plans to raise $1.25 ...
The top three quick-commerce firms — Zomato’s Blinkit, Zepto and Swiggy’s Instamart — are now on track to record annual sales of about $4.5 billion in total.
Swiggy, which plans to raise $1.25 billion through an initial public offering in India, has concentrated on scaling up its quick commerce platform, Instamart, in the last few years.
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