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- SoftBank-backed Indian food delivery startup Swiggy said on Thursday it would invest $700 million in its grocery delivery service Instamart, to strengthen its footing in a highly competitive domestic market.
www.reuters.com/world/india/indias-swiggy-invest-700-mln-grocery-delivery-service-instamart-2021-12-02/India's Swiggy to invest $700 mln in grocery delivery service ...
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Dec 3, 2021 · Why is Swiggy making the investment? Swiggy said that in the last few months, Instamart has on-boarded more than one seller-run dark store every day. By January 2022, it will make deliveries in 15 minutes by having the network of dark stores very close to the majority of its customers.
- Pranav Mukul
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3 days ago · As of July, brokerage firm UBS estimated quick commerce market share of Blinkit at 40-45% followed by Swiggy Instamart at 20-25%, Zepto at 15-20% and BB Now at 10-15%. For the ongoing financial year, Swiggy Instamart has a gross order value (GOV) run rate of $1.3 billion, compared to Blinkit’s run rate of over $2 billion, and Zepto’s $1.5 ...
3 days ago · Swiggy's Instamart is India's No.2 in the quick commerce segment with an estimated market share of 20-25%, behind Zomato-owned Blinkit which has 40-45%, according to a UBS note released in August.
Mar 28, 2024 · Swiggy's merger of InsanelyGood with Instamart is aimed at improving operational efficiency within its quick-commerce vertical. This strategic move aligns with Swiggy's goal of expanding top-notch grocery delivery services in Bangalore by leveraging Instamart's infrastructure and customer base.
Dec 2, 2021 · Swiggy, India’s top food-delivery startup, will invest $700 million in its express grocery delivery service Instamart, significantly intensifying the competition for quick commerce in the...
Jan 24, 2022 · Swiggy, India’s top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion, as it aggressively expands its offerings, including the...
Dec 2, 2021 · SoftBank-backed Indian food delivery startup Swiggy said on Thursday it would invest $700 million in its grocery delivery service Instamart, to strengthen its footing in a highly competitive...
