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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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2mo ago
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