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Zomato, Swiggy will have to pay 18 percent GST on delivery charges collected from customers, but are likely to pass on the cost to consumers.
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Industry experts warn that the move could squeeze margins, strain working capital, and trigger higher delivery charges for customers.
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The service, currently live in Bangalore and expanding to metros including Mumbai and Delhi, appears as a tab within the main Swiggy app rather than a standalone application
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Stocks to Watch, 04 September: Stocks like Aptus Value Housing Finance India, BHEL, Swiggy, Poly Medicure, Sharika Enterprises, BlueStone Jewellery, GHV Infra Projects, Redington, and Highway Infrastructure will be in focus on September 4.
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At Swiggy’s present order volumes — estimated at over 2 million orders per day — the higher fee translates to up to Rs 3 crore in daily revenue, compared to around Rs 2.4 crore when the fee was at Rs 12. That’s an additional Rs 54 crore per quarter and Rs 216 crore annually if the rate sustains.
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Users in Gurugram were unable to place or track orders on the two apps during the outage, with both platforms showing restaurants as “temporarily unavailable.”
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Overall, the trend remains favourable for bulls, despite the likelihood of intermittent consolidation. Below are some short-term trading ideas to consider.
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The market may retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
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The brokerage said that the food businesses of Swiggy and Zomato have matured; hence it expects the firms to see margin expansion and strong free cash flow growth over the next three years.
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Swiggy has 5.4 lakh delivery partners and an extensive footprint in food delivery, where it collaborates with over 2.5 lakh restaurants across over 700 cities.
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In today’s episode of Tech3 by Moneycontrol, Apple doubles down on India with a massive office lease and a new retail store in Bengaluru. Ola Electric’s Bhavish Aggarwal says the company’s mojo is returning with homegrown cells and ferrite motors. Swiggy splits its finance function between food delivery and Instamart. Nasscom raises red flags on RBI’s draft forex compliance rules. And Agentic AI is helping India’s GCCs cut pilot timelines from months to just 90 days.
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Once the move to a new model is completed, Swiggy’s organisational structure will be similar to that of Blinkit, its arch-rival. The two VPs of Finance will likely report to CFO Rahul Bothra, sources told Moneycontrol.
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It is likely that a higher platform fee is an experiment Swiggy is doing for large demand occassions, like festive days, where it needs to pay the fleet more and keep up with operating costs and it reverts to its old structure later. The fee has been hiked from Rs 12 earlier.
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Based on NMV, Blinkit had a 52 percent market share, Swiggy was number two with a market share of 25 percent and Zepto was in third place with a 23 percent market share, the data, accessed by Moneycontrol, showed.
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Protein consciousness is not only limited to metros, but has also become a part of smaller towns across the country. Millennials and Gen Z are at the forefront of this transformation, favouring protein in more snackable forms like smoothie pods, protein bars, yogurts, and on-the-go shakes
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The zero-commission platform, called Ownly, will be available on the App Store and Play Store this week, offering offline-equivalent prices and a flat delivery fee for restaurants.
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This means a rise in jobs, even if temporary, in places outside the list of big cities, with staffing companies saying they are getting requests from cities like Coimbatore, Jaipur and Nagpur.
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Compare real-time prices of cabs and groceries across Uber, Ola, Blinkit, Zepto, and more using one simple Android app called Comparify.
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Swiggy looks for a 2.5X return on investment in just over three years. Rapido is being valued at Rs 23,000-26,000 crore ($2.7-$3 billion), a 2.5X jump in valuation in a year’s time, on the back of 120% growth in scale, sources told Moneycontrol.
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Asus partners with Swiggy Instamart to deliver laptops in minutes across major cities in India. Gaming and everyday models now just a tap away.
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In 2015, Swiggy pitched a bold idea to create an on-demand quick delivery experience for every restaurant. In the first episode of PitchCraft Season 2, Swiggy co-founder Sriharsha Majety and Anand Daniel, Partner at Accel, break down and analyse the original pitch deck that turned Swiggy into a household name and secured $2.5 million in funds. They dive into what made the investors lean in from the very start, the early insights that shaped Swiggy’s future, and the key features of their approach that primed the business for success. From missed-call hacks to unit economics, from Koramangala restaurants to IPO prep, this is the real story behind one of India’s biggest consumer tech wins.
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Swiggy share price: Revenue for its quick commerce business, Instamart, more than doubled to Rs 806 crore on an annual basis.
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Jha says pressure remains high in quick commers as standalone rivals scale and ecommerce giants test waters, even as Swiggy shifts focus to deepening existing markets
