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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 Instamart to increase delivery fees; here’s what CFO Rahul Bothra told analyst
Bengaluru-based Swiggy is planning to increase delivery fees on Instamart orders, reports Money Control. The report quotes chief financial officer (CFO) Rahul Bothra who told analysts about the delivery price hike in the likely future on December 3.
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 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.
3h
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.
1d
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 ...
inc42
1h
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 ...
newsbytesapp.com
22h
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 ...
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 ...
6h
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 ...
inc42
1d
Swiggy Instamart’s Q2 Revenue Zooms 136% YoY To INR 490 Cr
Swiggy’s quick commerce business saw its operating revenue surge 135.7% to INR 490 Cr in Q2 FY25 from INR 208 Cr in the ...
Fortune India
2h
Zomato, Swiggy shares hit record high
Zomato shares hit a 52-week high of ₹304.50 on the BSE, taking the company’s market capitalisation to ₹2.9 lakh crore.
1d
Swiggy Instamart at an inflection point amid rising competition: CEO Sriharsha Majety.
Swiggy's quick-commerce arm Instamart is expanding its dark store network and doubling its store count to stay competitive in ...
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