Swiggy

Swiggy, one of India’s leading food delivery platforms, reported a net loss of Rs. 1,197 crore for the first quarter of FY26, nearly double the loss posted in the same period last year. Despite steady growth in gross order volume, the company grappled with mounting expenses, intense market competition, and underwhelming returns from its quick commerce vertical, Instamart. As the startup prepares for its long-anticipated IPO, investors and analysts alike are closely monitoring its cost structures, monetization efforts, and long-term strategy for profitability in a maturing market.

Swiggy, India’s prominent online food delivery platform, has appointed Saurav Goyal as Senior Vice President and Head of its driver and delivery division. This move marks a strategic leadership transition, reinforcing Swiggy’s commitment to nurturing internal talent while focusing on operational agility and partner empowerment. Goyal, who has led Swiggy’s Business Finance division since June 2020, will continue to oversee that vertical temporarily as the company identifies his successor.

Instamart, the quick-commerce arm of Swiggy, has undertaken a major rebranding initiative to establish itself as an independent brand, dropping the Swiggy name while retaining subtle ties to its roots. This strategic move underscores the company’s ambition to stand apart in India’s fast-evolving digital retail landscape, particularly as quick commerce becomes a pivotal revenue driver beyond traditional food delivery.

IndiGo, one of India’s leading domestic airlines, has partnered with Swiggy, the popular food and grocery delivery platform, to enhance its loyalty program, BluChip. Through this collaboration, members of IndiGo’s BluChip program can now earn rewards on every purchase made through Swiggy, including food deliveries, grocery orders, and dining experiences. The partnership provides added flexibility to travelers, offering unlimited redemption of BluChips without any blackout dates or expiry.

The Ministry of Labour & Employment has signed a strategic partnership with food delivery giant Swiggy to foster employment opportunities in India’s gig and logistics sectors. The collaboration, announced on Tuesday, aims to create over 12 lakh job openings within the next 2-3 years, targeting youth in urban and semi-urban areas. By integrating Swiggy’s gig and delivery roles onto the National Career Service (NCS) portal, the initiative will provide a more dynamic and accessible job market for millions of job seekers across the country.

Swiggy Instamart, the quick commerce platform known for delivering groceries and essentials, has introduced an innovative feature designed to make everyday shopping more affordable for its users. The new in-app feature, ‘Maxxsaver’, automatically enrolls users, offering them savings of up to Rs. 500 upon reaching a specified order value at checkout. This strategic move is expected to enhance the user experience and drive more frequent purchases, reinforcing Swiggy Instamart’s position in the competitive quick-commerce market.

Maxxsaver: A New Feature for Customer Savings