Swiggy announced that its on-demand convenience platform, Swiggy Instamart, has expanded to 76 cities across the nation, and will soon also be available as a standalone app. As one of Swiggy`s flagship services, Instamart will continue be accessible via Swiggy`s unified platform, where it has delivered rapid growth in the past year. The Instama app provides users an even more direct experience, offering greater convenience by ensuring quicker access to Swiggy`s pioneering quick-commerce service.Amitesh Jha, CEO of Swiggy Instamart, said �Swiggy Instamart is on a rapid growth trajectory, offering compelling value proposition with 10-minute deliveries and an expanding range of nearly 50,000 products. The launch of the Instamart app ensures seamless adoption and access to the service in a category that we believe we have only scratched the surface of. Whether consumers access Instamart via Swiggy or the standalone app, all Swiggy One, One Lite, and One BLCK benefits will apply, ensuring that our ever-growi user base continues to enjoy the same great perks.Powered by Capital Market - Live News

Swiggy today introduced One BLCK, an exclusive, invite-only membership for consumers seeking the highest level of convenience and service.One BLCK is designed to deliver an elevated Swiggy experience. Members will enjoy faster deliveries on every food order, along with an On-Time Guarantee. When dining out, members can indulge in complimentary cocktails, drinks, or desserts. They will also benefit from access to Swiggy`s top customer care agents for personalized, priority support. One BLCK members will also enjoy all the benefits of the current Swiggy One membership, including unlimited free deliveries on both food delivery and Instamart, as well as exclusive member-only discounts on food delivery and Dineout.Powered by Capital Market - Live News

Net Loss of Swiggy reported to Rs 625.53 crore in the quarter ended September 2024 as against net loss of Rs 657.01 crore during the previous quarter ended September 2023. Sales rose 30.33% to Rs 3601.45 crore in the quarter ended September 2024 as against Rs 2763.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3601.452763.33 30 OPM %-15.39-22.58 - PBDT-492.53-552.12 11 PBT-623.41-656.72 5 NP-625.53-657.01 5 Powered by Capital Market - Live News

The Board of Swiggy at its meeting held on 03 December 2024 has approved for incorporation of a new wholly owned subsidiary of the company. Powered by Capital Market - Live News

The Board of Swiggy at its meeting held on 03 December 2024 has approved investment in the equity shares of Scootsy Logistics (wholly owned subsidiary of the company) (Scootsy) up to an amount not exceeding Rs 1,600 crore in one or more tranches by way of subscription to rights issue as detailed below:� Upto Rs. 1350 crore as a part of the deployment of IPO proceeds towards Instamart and its expansion � Upto Rs 250 crore towards working capital infusion.Powered by Capital Market - Live News