Swiggy launches 10-minute food delivery service

Quick Summary:

IPO-bound Swiggy said the Bolt feature is currently operational across Bengaluru, Chennai, Hyderabad, Delhi, Mumbai, and Pune.

The foodtech startup, which received approval from shareholders to increase the fresh issue size of its IPO to Rs 5,000 crore, grew much slower than its biggest rival Zomato in the first quarter of FY25, with its losses widening by 8.31% to Rs 611 crore from Rs 564.08 crore in FY24.

The option will be accessible within a 2 km radius of the user, and is currently operational across Bengaluru, Chennai, Hyderabad, Delhi, Mumbai, and Pune.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Policy Minutes Delivery Service Privacy Ipo-bound Order Food Crore Swiggy Feature

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 15:51:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22883263

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