Foodtech giant Swiggy has submitted its first updated draft red herring prospectus (DRHP) on Thursday (September 26) with the Securities and Exchange Board of India (SEBI) for an initial public ...

Food delivery giant Swiggy finds itself at a critical juncture, and it’s almost a make-or-break time for its big bet on quick commerce. Despite getting a thumbs-up from brokerages for the ...

Swiggy is banking on operational leverage, growing non-grocery contribution, and higher average order values to navigate competitive headwinds in the quick commerce segment for Instamart.

Swiggy attributed much of the drag to store immaturity—more than half of its 1,021 dark stores, spread across 124 cities, are less than a year old and have yet to hit breakeven.