SWIGGY INSTAMART
Retailers, quick commerce companies limit sugar rush amid stock pain
Retailers and quick-commerce platforms including D-Mart, BigBasket, Blinkit and Swiggy Instamart have started limiting sugar purchases as supplies tighten ahead of the festive season. Retail sugar prices have risen about 40% in two months.
Kanpur viral video: A chocolate factory throws away expired chocolates, and people rush to take them home
A viral video from Kanpur’s Panki Industrial Area shows a large crowd collecting expired chocolates and toffees allegedly dumped by a factory. The incident has raised concerns over food safety and the improper disposal of expired food, though authorities have not yet independently confirmed the details.
Amazon, Swiggy Instamart, BigBasket food licences suspended in Karnataka over datura listings on platforms
Amazon Swiggy Bigbasket Food Licence Suspension News: Karnataka's Food Safety and Drugs Administration Department has suspended the food licences of Amazon, Swiggy Instamart and BigBasket after datura fruits and seeds were found listed as food products. The department ordered the platforms to remove the listings and stop selling or distributing datura for human consumption.
ETSA 2026: Jury to pick winners today; SoftBank trims Lenskart stake
The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch.
ETSA 2026: Elite jury meets today to crown startup ecosystem's best
A distinguished jury led by Wipro’s Rishad Premji will select winners for the 12th edition of The Economic Times Startup Awards. The awards recognise entrepreneurial excellence across categories including innovation, women-led ventures and social enterprise. The coveted Startup of the Year nominees include Porter, Skyroot Aerospace, Rapido, Meesho, Groww and Sarvam.
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MINISO enters quick commerce with 90+ products on Instamart, including Harry Potter, Hello Kitty
With the launch of its quick commerce initiative in India alongside Swiggy Instamart, MINISO introduces over ninety lifestyle items, featuring well-loved franchise merchandise. This partnership enhances Instamart's inventory, providing more than just essential goods. MINISO is focused on reaching a diverse customer base with expedited digital delivery services and has plans to broaden its product selection and geographic reach in the upcoming months.
'Desi' Swiggy bets on Instamart model shift, mirroring main rival Blinkit
Swiggy's Instamart will adopt an inventory model after shareholder approval for India-owned status. This change allows Instamart to potentially improve margins and gain greater control. The quick-commerce unit aims to catch up with market leader Blinkit in this competitive sector. This shift requires higher working capital for inventory purchases and stock management. Instamart's transition is part of Swiggy's broader strategy for profitability.
Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why
Swiggy is moving closer to becoming an Indian-owned and controlled company (IOCC), a move that could enable an inventory-led model for Instamart and potentially improve margins. However, Jefferies expects the shift to trigger passive outflows of over $400 million from MSCI and FTSE indices due to foreign ownership limits. The brokerage retained its Buy rating with a target price of Rs 435.
New-age stocks take off; Swiggy goes Indian
Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech Morning Dispatch.
Swiggy shareholders approve proposal to become Indian-owned and controlled
Swiggy shareholders have approved proposals enabling the company to become Indian-owned and controlled, including changes to board appointments and a 49.5% cap on foreign shareholding. The move will allow Instamart to shift to an inventory-led model. Swiggy also announced senior leadership appointments across its food delivery and quick commerce businesses.
Swiggy expands leadership across businesses as quick commerce competition heats up
Himavant Kurnala has been appointed chief growth and product officer (CGPO) of Instamart, while Nitesh Garg has been appointed the chief technology officer (CTO). Saurav Goyal has been appointed chief operating officer (COO) of food marketplace Swiggy.
Post-IPO deferral, Zepto targets higher average order value to cut losses
Zepto is deviating from its earlier strategy of chasing order volume growth and is instead focusing on average order value (AOV), according to people with knowledge of the matter. That makes it the third large quick commerce player, after Eternal-owned Blinkit and Swiggy’s Instamart, to sacrifice growth in pursuit of an improvement in net profit.
Swiggy launches 24x7 AI assistant Guru for restaurant partners
Swiggy has introduced Guru, an AI-powered business assistant for its restaurant partners. This platform offers 24x7 support and data-driven decision-making capabilities. Guru helps manage operations and improve sales through a conversational interface. It analyzes sales funnels and provides actionable performance insights. The assistant supports over 20 vernacular languages for wider accessibility.
India state food safety chief targets Eternal, Swiggy, Zepto in sweeping crackdown, suspends permits of 12 warehouses
Maharashtra's food safety chief has taken action by suspending 12 warehouses' permits for grocery giants including Eternal, Swiggy and Zepto after inspections exposed disturbing health violations such as cockroach infestations and spoiled produce. Moreover, inspectors uncovered rodent waste and unhygienic storage practices, while delivery personnel wearing street shoes increased contamination risks.
Maharashtra food safety chief targets Domino's, Eternal, Swiggy, Zepto in sweeping crackdown
Maharashtra's food safety chief has taken decisive action by suspending warehouse permits for leading grocery companies after inspectors uncovered alarming sanitation issues, including cockroach infestations. This effort specifically addresses challenges within the burgeoning quick commerce sector known for swift grocery deliveries. Notably, several Domino's stores were also shut down for failing to meet hygiene requirements, marking a significant push for improved food safety regulations throughout the state.
Order it, pack it and deliver it: Q-commerce cos plan to bring large electronics orders home in 30 mins
Quick commerce firms are engaging with manufacturers to boost sales of large appliances. Established e-commerce players are also striving for quicker delivery options. Some businesses are considering models that utilize manufacturer warehouses alongside retail locations. This strategic move is intended to elevate average order values and enhance profit margins, reflecting the evolving consumer demand for speedy delivery across various categories.
Eternal vs Swiggy: The quick commerce war is on. Which stock should you own after Q1?
The rivalry in the quick commerce sector heats up as Q1 results show stark contrasts between Eternal and Swiggy. While Swiggy leans towards aggressive growth supported by robust funding, Eternal places its bets on profitability and improved operations. Both firms are vying for ambitious long-term goals that investors will be keen on observing, particularly in how they each navigate the balance between expansion and profitability.
Festive demand set to lift FMCG growth, but margins face pressure
Consumer demand in India is expected to strengthen during the upcoming festive season. Companies face rising input costs and intense competition from quick-commerce platforms. Improving purchasing power supports this positive outlook for consumer spending. However, businesses must adapt to premiumization and digital shifts in consumption. Sustained growth hinges on margin protection and faster innovation strategies.
Swiggy’s Rs 60,000 crore breakeven challenge: Can Instamart grow without restarting the cash war?
Swiggy's Instamart is targeting an impressive ₹60,000 crore in annualised net order value to achieve profitability. To reach this goal, the platform must double its current orders and enhance contribution margins significantly. This means Instamart should aim to garner an additional ₹30 per order through various optimizations. However, the competitive advantage of Blinkit's size and profitability poses a formidable challenge amid the ongoing balancing act of growth and economic recovery.
Shiprocket trims IPO size; Google's AI leadership shake-up
Shiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5.
Swiggy shares jump nearly 3% as company targets Rs 10,000 crore adjusted EBITDA by FY31
Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adjusted EBITDA. It aims to more than triple consolidated GOV to Rs 2.5 lakh crore from Rs 67,734 crore in FY26, driven by food delivery, Instamart and Dineout.
Swiggy targets Rs 10,000 crore in annual adjusted Ebitda in five years
Swiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery business will contribute five thousand crore rupees to this goal. The quick commerce unit, Instamart, is expected to generate four thousand crore rupees. Swiggy also targets one lakh crore rupees in net order value across its operations. The company is working to make its quick commerce unit profitable soon.
Swiggy shares fall 6% in 2 days despite strong Q1 earnings. Should you buy, sell or hold?
Swiggy shares declined six percent over two days despite reporting strong first-quarter earnings. The company's net loss decreased by thirty-four percent year-on-year in the first quarter. Revenue from operations increased more than thirty-seven percent year-on-year during the April-June quarter. Analysts offered mixed recommendations, with some maintaining buy ratings and others downgrading the stock. The focus remains on achieving profitability in quick commerce while sustaining food delivery growth.
Swiggy contra view: Why JM Financial downgraded the stock to 'sell' despite strong Q1 results
Bajaj Finance shares jumped 5% after the NBFC reported a strong Q1 FY27 performance, with standalone net profit rising 28% YoY to Rs 6,081 crore and net interest income growing 23% to Rs 12,571 crore. Robust earnings prompted several brokerages to raise their target prices.
Swiggy shares plunge 6% even as losses narrow. Should investors buy, sell or accumulate?
Swiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce company reported its June-quarter results. While the consolidated net loss narrowed year-on-year, investors remained cautious over profitability and margin pressures. Brokerages stayed largely positive on the stock, with most retaining their 'Buy' ratings, citing long-term growth potential despite near-term challenges.
Instamart operating-level breakeven hinges on order volumes expanding 2.5x
For the first quarter of FY27, Instamart broke even at the contribution margin level, in line with the guidance the company had provided five quarters ago. Contribution margin is a financial metric that measures how much revenue remains after covering variable costs.
Swiggy shares jump 8%, rally 15% in 3 days. What's boosting investor sentiment?
Swiggy shares climbed significantly, extending recent gains for a third consecutive session. Nandita Sinha, former Myntra CEO, now leads Swiggy's Instamart business.This appointment occurs amid intense competition in India's quick commerce sector. Meanwhile, Zepto is reportedly negotiating its IPO pricing at a lower valuation.The company may defer its listing if valuation targets are not met.
Ex-Myntra chief Nandita Sinha named Swiggy Instamart CEO; Amitesh Jha exits
Sinha joins at a time when Instamart has been losing market share even as it attempts to contain its mounting losses. A Flipkart group veteran, she began her stint at the online retailer as an associate director in 2013, managing the beauty and personal care categories.
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