“While the product market fit was emerging, the broader economics made it challenging to scale,” the email, sent on February 19, reviewed by Moneycontrol, said.
China, US to send ministerial delegations to the five-day gathering
Zepto and Swiggy to run dark stores inside Bharat Mandapam for on-site deliveries
Flipkart is evaluating a foray into India’s online food delivery segment, with a pilot likely in Bengaluru around May–June and a broader launch possible by late 2026 or early 2027, said a report
Eternal and Swiggy shares also saw several block deals being executed on the markets today.
The bullish momentum is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Motilal Oswal is bullish on Swiggy has recommended buy rating on the stock with a target price of Rs 440 in its research report dated January 29, 2026.
Swiggy has reached out to the customer but has not yet publicly detailed whether the delivery executive violated company policy or what corrective action, if any, has been taken.
Even as Instamart scales rapidly and quick commerce emerges as a larger addressable market, Swiggy’s food delivery chief tells Moneycontrol the company is backing multiple growth engines in parallel, with experimentation in food delivery continuing independently of performance in other verticals, while maintaining 18–20% growth guidance for the segment.
Swiggy share is down 20.5% so far this year. CLSA downgraded to ‘Hold’ and cut its price target to Rs 335 on missing revenue and Ebitda estimates.
Stocks to Watch, 30 Jan: Stocks like ITC, Tata Motors Commercial Vehicles, One 97 Communications Paytm, Swiggy, Colgate Palmolive India, NTPC Green Energy, Indegene, Great Eastern Shipping Company, Orient Cement, Container Corporation of India, MTAR Technologies, Usha Martin, and Syrma SGS Technology will be in focus on January 30.
Swiggy reported net loss of Rs 799 crore in Q3FY25
With delivery growth increasingly constrained by pricing sensitivity and thin margins, restaurant partners and platforms are pushing for GST clarity, lower compliance costs and policy stability to sustain online demand
Swiggy has announced that users can now order food, groceries, and book restaurant tables directly using AI tools like ChatGPT and Claude.
In the current market condition, key would be to stay highly selective, not short the markets too much, and stay invested in relatively stronger pockets, said Milan Vaishnav.
The company reduced its net loss by about 30 percent to Rs 258.4 crore in FY25 from Rs 370.7 crore in FY24, even as expenses rose with higher activity levels.
Swiggy’s food marketplace chief Rohit Kapoor told Moneycontrol that gig work should not be equated with formal employment and must be regulated as flexible work. He added that future growth in food delivery will come from affordability and first-time users rather than city expansion, amid slowing growth in the sector.
Shares of Swiggy, Eternal trimmed intraday gains on reports that Union Labour Minister urged quick commerce firms to discontinue 10-minute delivery services.
Data show that while most delivery partners log in only intermittently, those working 8–10 hours a day, 26 days a month gross about Rs 26,500–27,700, translating to roughly Rs 21,000 in net earnings after costs
While food delivery companies paid out Rs 60-70 crore to gig workers on NYE, quick commerce firms paid a total of Rs 50-60 crore, a jump of at least 30 percent over a regular day, three top executives at different companies told Moneycontrol
Amid the strike call by gig workers' unions, police are closely monitoring developments to prevent any untoward incidents on New Year's Eve, according to police officials.
The payouts are aimed at shoring up rider availability during peak evening hours and the New Year rush, as platforms seek to limit operational disruption after brief slowdowns during the December 25 walkout.
The union has sought a guaranteed minimum monthly earning of Rs 40,000, abolition of peak hours, slot systems and weekend hour limits, and compensation for workers in cases of customer-initiated cancellations.