Swiggy exits investments in Rapido in a predictable move since mobility startup ventured into food delivery space with Ownly Food delivery giant’s move to spin off quick commerce arm Instamart hints ...

Swiggy will transfer its Instamart business to a wholly owned subsidiary through a slump sale, with completion expected after Q3 FY2025-26. Instamart contributed 24 per cent of FY2024-25 revenue but ...

Swiggy Instamart's adjusted EBITDA loss increased to INR 896 Cr, higher than the adjusted revenue during the quarter Blinkit’s adjusted EBITDA loss was one-fifth of Instamart’s in Q1 despite having ...

Foodtech decacorn Swiggy is hiving off its quick commerce business Instamart into a separate entity. While the Sriharsha Majety-led company has not provided a strategic rationale behind this move, it ...

Swiggy’s quick commerce business Instamart has seen its position improve, driven by its own strength rather than rivals slowing down spending, the food and grocery delivery firm’s founder and group ...

Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the ...

Swiggy to sell 12% stake in Rapido - should you still buy? What anaysts say Swiggy plans to sell its 12% stake in Rapido for ₹ 2,400 crore to finance its loss-making Instamart. Analysts are divided on ...

Food and grocery delivery company Swiggy Ltd has agreed to sell its entire stake in Rapido to Dutch technology investor Prosus and Indian private equity firm WestBridge Capital. Prosus, a common ...

Shares of Swiggy Ltd are in focus on Wednesday after the online food aggregator said its board has approved the sale and transfer of its quick commerce (QC) business under the brand name ‘Instamart’, ...

Swiggy retrusctures Instamart business, sells 12% stake in Rapido. The Swiggy share price has fallen nearly 2% in early trade after the company announced selling its entire Rapido stake for Rs 2,400 ...

As the festive season approaches and health-conscious Indians prioritize their wellness goals, Instamart's Quick India Movement sale is delivering exceptional deals on fitness equipment and nutrition ...