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Swiggy Instamart to increase delivery fees
Swiggy plans fee hike for Instamart, eyes higher take rate from grocery delivery business
Swiggy's CFO Rahul Bothra told reporters that it plans to increase fees for its grocery delivery service, Instamart, with the aim of increasing its potential take rates from the business from 15% to 20-22%.
Swiggy Considering A Hike In Delivery Fees On Instamart Platform
Rahul Bothra, CFO, told analysts on Tuesday that the online delivery firm is planning to hike the delivery fee charged to its customers using Instamart to help improve the profit margins
Swiggy to increase Instamart delivery charges? Here's what we know
At the moment, delivery is free only for Swiggy One (the loyalty programme) users while others have to pay a fee
Swiggy mulls increasing Instamart delivery charges to boost profit margins
Bothra, addressing analysts after announcing Swiggy’s quarterly results on December 3, noted that the delivery fee construct would gradually shift to reflect the actual costs, although he did not provide a specific timeline for the price hike.
Swiggy Instamart to increase delivery fees; here’s what CFO Rahul Bothra told analyst
Swiggy plans to increase delivery fees for Instamart orders as part of its strategy to boost revenue. CFO Rahul Bothra indicated this move follows a previous platform fee hike. The company aims to enhance its take rates and improve margins through additional monetization,
Swiggy likely to increase delivery charge on Instamart orders: Report
Currently, Swiggy subsidises delivery fees through its loyalty program, Swiggy One, and discounts for new users. While delivery is free for Swiggy One members, other customers pay a dynamic fee.
1d
on MSN
Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year
The firm plans to take quick commerce dark store count from 609 to 1046 by March 2025; targets consolidated group-level ...
2d
Swiggy Loss Weighed by Instamart, Expects Operating Profit by End-2025
Food delivery platform Swiggy Ltd. posted a smaller quarterly loss and said it expects to become profitable by the final ...
8h
on MSN
Swiggy’s Instamart pushes for higher average order value; analysts say metric's growth key to improve profitability
Swiggy Instamart's average order value (AOV) of Rs 499 has come in low compared to its competitors like Blinkit and Zepto. The number of items offered on Instamart is going up and it expects the AOV ...
newsbytesapp.com
1d
Your Swiggy Instamart orders may become costlier soon
Swiggy, a major player in the food and grocery delivery space, is considering raising delivery charges for its quick commerce ...
DesiDime.com
1d
Swiggy Instamart Delivery Charges to Increase Soon?
Swiggy Instamart Delivery Charges to Increase Soon? After raising food delivery charges, Swiggy may increase Instamart prices ...
Your Story
2d
Swiggy posts 30% rise in revenue as Instamart grows more than 2X in Q2
Sriharsha Majety-led Swiggy’s operating revenue increased to Rs 3,601 crore in Q2 FY25. It managed to reduce its losses ...
inc42
6h
HDFC Securities Downgrades Swiggy To ‘Reduce’ But Raises PT To INR 470
HDFC Securities has downgraded Swiggy to ‘reduce’ from ‘add’ but bumped up its target price to INR 470 per share from INR 430 ...
11h
Digital lending slowdown; Swiggy Instamart’s order size challenges
Regulatory scrutiny is taking a toll on the growth of digital lending startups. This and more in todays ETtech Morning ...
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