Swiggy Instamart Initiates 24X7 Delivery in Delhi NCR
- Swiggy Instamart has launched a 24X7 delivery service in Delhi NCR, including Gurugram and Noida. - This move follows Flipkart's quick commerce service debut in Delhi, offering free delivery for orders above INR 99. - Swiggy's decision is based on their internal order analysis, showing a demand for late-night and early morning deliveries. - The company is preparing for an IPO, with a fresh issuance of shares worth INR 3,750 Cr and an OFS of 18.53 Cr shares. - Despite a 7% increase in net loss, Swiggy's operating revenue surged nearly 35% in Q1 FY25. Source: [Inc42]()
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