Swiggy, India's top food delivery startup, has launched a service called Bolt for delivering meals in 10 minutes.  The service is live in major cities and partners with over 2,700 restaurants, incl...

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- Swiggy, India's top food delivery startup, has launched a service called **Bolt** for delivering meals in **10 minutes**.
- The service is live in major cities and partners with over **2,700 restaurants**, including KFC, McDonald's, and Starbucks.
- Bolt focuses on quick-to-prepare items and operates within a **2-kilometer radius** of customers.
- This move intensifies competition in India's quick-commerce market, which has grown by over **100% in a year**.
- Swiggy assures that its delivery partners won't face penalties or receive incentives based on the timing of Bolt orders.

Source: [Techcrunch](https://techcrunch.com/2024/10/04/swiggy-escalates-india-quick-commerce-battle-with-10-minute-meals/)

Swiggy Launches 10-Minute Meal Delivery in India

Journalist

Swiggy Launches 10-Minute Meal Delivery in India- Grapevine

- Swiggy is transforming its Mini business into a link-in-bio service for service providers like nutritionists and fitness trainers.
- The revamped Minis will serve as landing pages for sellers to direct customers from social media, with Google Calendar integration for bookings.
- Originally launched in 2022 as a no-code Shopify alternative, Minis allowed small sellers to manage orders and transactions without commissions.
- The discovery layer is being removed, but customers can still access saved and past-ordered stores, focusing on repeat purchases.
- Swiggy is expanding Minis to include digital offerings and Google Reviews, claiming better conversion rates and more repeat customers. 

 Source: Techcrunch

Swiggy Revamps Mini Offering to Include Service Providers

- 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](https://inc42.com/buzz/ahead-of-festive-season-swiggy-instamart-launches-24x7-delivery-service-in-delhi-ncr/)

Swiggy Instamart Initiates 24X7 Delivery in Delhi NCR

Bro please take 30 mins and cook the food fresh. If I had to eat in 10 mins, I'll buy ready to eat and heat

Do we really need 10-min food delivery?

Consultant

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).

For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public.

Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go:

1/ Swiggy: On the Launchpad
Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race.

2/ Byju's: A Reality Check
The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth.

3/ PayU: Quietly Confident
While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets.

4/ PharmEasy: Unsung Potential
PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery.

The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed:

1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth.
2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants.
3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines.
4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors.

Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading!

Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

Key takeaways from Prosus 2024 Annual Report

Welcome to Indian Startups's Private Community

Moment Marketing

Senior Consultant

I ordered from swiggy today for dinner and it initially said 30m. It came down to 9m when the delivery exec reached the restaurant. For quite some time it was at 9m until now, when it increased to 15m...wtf?!?

Zomato tells that the order is delayed....but wtf is swiggy doing with its ops-tech? How come it's increasing the ETA instead of saying that the order is delayed? Super frustrating

Swiggy increasing ETA

Generalist

What Swiggy?

Corporate Strategist

So, someone was asking this question to me on GV 2d back like eatclub is spending so much on promotions. Will they be able to sustain?

Ans In foodtech if LTV > GMV-CAC then it's fine.
People order 2k-3k worth food, so 5oo is a small cac.

Moving forward, what do u think about foodtech space in India, Tam is huge but so many firms already there and food n relationship are two stuff ki if it's bad u will not go back to the situation again.

India has a lot of food tech unicorn 🦄.

1. Swiggy
2. Zomato
3. Rebel foods
4. Biryani by kilo
5. Eatsure
6. Box8
7. Eatclub
 And few more soonicorns.

Do you think Dil foods kinda firm which run on cloud kitchen based strategy can work in long run? Btw I use swiggy and eatclub a lot and both are wonderful products!

Click here to subscribe: https://www.youtube.com/c/sharktankindia‘Dil Foods’ is a virtual restaurant operator that makes fresh foods by drawing inspiration f...

50 Lakhs Ask के बदले Sharks ने Offer किए 2 Crore! | Shark Tank India S3 | Full Pitch

Swiggy Mafia getting funded!

What's wrong with swiggy? Delivery failures faced by many friends, are they rolling back ops or scaling back or out of money to hire drivers? Does anyone know ?

Swiggy issues

Founder

Saw the recent announcement of layoffs etc at Swiggy and came across this new product from Swiggy. It’s available via the Swiggy app, has a SAAS side too - saw few articles. Curious if anyone has seen Minis on Swiggy already.

Swiggy’s experimenting D2C with Minis!

Senior product manager

Is Swiggy in trouble? Every time I try to order they are either delayed or don't have any delivery partners. There seems to be some ops issue. Doesn't seem to be as reliable as it used to be 2 months back.

Swiggy delivery unreliable

Product Owner

- ONDC now facilitates 60,000 food orders per day, capturing 3% of Swiggy and Zomato's individual order volumes across India.
- On July 7, 2024, ONDC set a record with 38,000 daily food orders in Bengaluru, representing 17% of Swiggy and Zomato's individual daily volumes in the city.
- Flipkart is in active talks with ONDC to integrate food and beverage orders, potentially allowing users to order from restaurants like Dominos and McDonald's via the Flipkart app.
- ONDC has been in discussions with the National Restaurants Association of India for improved last-mile connectivity and order tracking.
- According to a report, ONDC recorded 10 million transactions in June, with non-mobility orders showing significant growth, and has reduced financial incentives for network participants by up to 75%. 

 Source: Economic Times

ONDC Captures 3% of Swiggy and Zomato's Food Order Volumes

At one point Swiggy had more money, Zomato was close to bankruptcy. But what is the reason Zomato is ahead today?

Zomato vs Swiggy.

Software Engineer

Swiggy & Zomato launched group orders at same time?

Growth Manager

Placed an order almost an hour and a half ago, delivery guy told me he can't deliver because they're beating up anybody who even tries to deliver

Swiggy strike in Mumbai but app still let's you place orders?

Growth and strategy

None of the restaurants say they’re Swiggy one compatible

I’m having to pay a lot more in delivery charges. This is… weird?

What did they do to Swiggy one???

Software Developer

I am planning to take one of the two membership for ordering food and getting discounts. Out of two which one is better to take and is more value for money in terms of ROI and the discounts they provide. Which membership helps save more?

Zomato pro vs Swiggy one membership which one is more value for money and why?

This is based on an analysis of 24 K reviews on iPhone & Android phones between Jan to Nov 2023 conducted by Clootrack. The results though look a lot skewed as 
Zomato outperforms Swiggy by 3-4X in every parameter, How do you look at these results, Do you agree with this analysis?

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