SWIGGY NET LOSS
Girish Mathrubootham exits Freshworks: A timeline of the SaaS major’s 15-year journey
The vision of the founder of the company is summed up in one of his posts: “I wanted us to think and act like a global company even if we were still a team of 10.” Per its website, the provider of enterprise-grade, AI-assisted service software has served more than 73,000 customers in over 120 countries.
Ola Electric auditor raises alarm; Urban Company's pre-IPO deal
Ola Electric's auditor draws attention to missing internal controls at a key subsidiary. This and more in today's ETtech Top 5.
Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet
Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.
Urban Company IPO: Early backers stand to make up to 29 times their investment
Urban Company’s IPO, opening on 10 September, is set to give big returns to early investors. Accel will earn 29X, Elevation Capital 19X, and Bessemer 14X. The IPO values the firm at Rs 15,000 crore. Major investors and founders will sell shares worth hundreds of crores through the offer-for-sale route.
Swiggy raises platform fee to Rs 15 in select markets amid surge in orders
Swiggy has increased its platform fee to Rupees 15 in high-demand areas. This follows a recent increase to Rupees 14. The move aims to improve unit economics. Zomato currently charges Rupees 10 plus GST. Swiggy's losses have increased due to investments in Instamart. Rapido's Ownly service is providing competition with lower commission rates for restaurants in Bengaluru.
Eternal shares rise 2% as Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato's parent company, Eternal, saw shares rise by 2% after increasing its platform fee to Rs 12, mirroring a similar move by competitor Swiggy ahead of the festive season's expected surge in demand. While Zomato's profits declined YoY, revenue increased. Swiggy's losses doubled due to investments in its Instamart vertical.
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Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato has increased its platform fee to Rs 12, following Swiggy's hike to Rs 14 amidst rising festive season demand. Both companies are facing financial pressures due to investments in quick commerce, with Zomato reporting a profit drop and Swiggy incurring increased losses. They also face new competition from Rapido's Ownly, which offers lower commission rates to restaurants.
BigBasket top brass churn; RMG ban pain manifests
Happy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech Morning Dispatch.
Festive lift for etailers; Elevation’s late-stage push
Happy Friday! Online sales this festive season are expected to reverse three years of slowdown. This and more in today’s ETtech Morning Dispatch.
Eyeing leadership in quick commerce; won't hold back investments: Samir Kumar, Amazon India chief
Amazon aims to lead India's e-commerce and quick commerce sectors. The company plans significant investments to achieve scale in quick commerce. Amazon will focus on selection, value, and supply chain depth. Recent sales events show strong demand, especially from smaller towns. The company sees potential in reaching the next 200 million customers beyond top cities.
Discounts galore at qcomm; VCs pick AI developers
Happy Tuesday! Quick commerce apps are turning up the discount dial this festive season in a bid to hold on to customers. This and more in today’s ETtech Morning Dispatch.
Quick commerce platforms go all-in on festive discounts
A fierce price war is erupting in the quick-commerce sector as platforms like Blinkit, Zepto, and Swiggy Instamart offer substantial discounts, up to 70% on select items, to attract customers during the festive season. Newer rivals such as Flipkart Minutes and JioMart are also aggressively participating, leading to increased competition and higher discounts on daily essentials and festive-specific products.
Captain Fresh to raise Rs 1,700 crore through fresh issue of shares in IPO
With this, the packaged seafood company joins other B2B startups like Zetwerk and Infra. Market that are preparing for IPOs.
Swiggy to appoint two separate heads of finance for Instamart and food delivery
Swiggy is restructuring its organisation and is set to appoint two new vice presidents to oversee finance for Instamart and its food delivery division separately. This move reflects the growth of both arms. It comes amid industry discussions on shifting to an inventory-led model, though Swiggy has no immediate plans for such a change.
GST Reforms 2.0: Full list of over 40 stocks that can benefit from PM Modi's Diwali promise
GST Rate Cut News: As PM Narendra Modi plans GST structure changes by Diwali, Dalal Street sees potential winners across sectors like auto, financial, real estate, consumer, and cement stocks. The GST reforms aim to reduce retail prices. Two-wheelers and small cars may benefit. Cement sector could see revenue boost. Banks may gain from increased consumption. Over 40 stocks are identified as potential beneficiaries.
Rs 2.4 lakh crore GST boost! Jefferies, Morgan Stanley decode impact on stocks, economy
Prime Minister Narendra Modi’s Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh crore demand boost and a 50–70 bps lift to GDP growth. Expected around Diwali, the reforms, coupled with earlier income tax cuts, are set to fuel discretionary spending, with auto and consumption stocks poised to benefit most.
Swiggy shares jump 3% after company hikes platform fees to Rs 14
Swiggy's shares experienced a surge on Monday following an increase in its platform fee to Rs 14 in high-demand areas, aiming to mitigate widening losses. Despite a doubled net loss of Rs 1,197 crore in Q2, operating revenue rose 54% to Rs 4,961 crore. Intensifying competition from new entrants like Rapido's Ownly, offering lower commission rates, adds pressure.
Swiggy raises platform fee for customers amid surge in orders
Swiggy has increased its platform fee to Rs 14 in specific high-demand areas, up from Rs 12, inclusive of GST. This adjustment, following a similar trend by Zomato, aims to improve unit economics amidst rising losses, which doubled to Rs 1,197 crore in the April-June quarter.
Silicon dreams meet India; FirstCry’s Q1 report
Happy Thursday! International semiconductor companies are vying to cash in on the India opportunity. This and more in today’s ETtech Morning Dispatch.
Ahead of Market: 10 things that will decide D-Street action on Monday
Indian benchmark indices ended their sixth straight weekly loss amid concerns over US tariff hikes, weak earnings, and sustained foreign investor outflows. The Nifty and Sensex fell nearly 1% on Friday, hitting three-month lows. Global markets showed mixed trends, while domestic technical indicators signal continued bearish momentum with key support levels under pressure.
Swiggy shares crack 27% YTD. What’s behind the fall and should you stay invested?
Swiggy shares have fallen this year due to poor financial results. The company is experiencing losses despite revenue growth. Analysts are observing potential signs of recovery in the stock. Key resistance levels are being monitored. A breakout above Rs 425 could lead to further gains. Investors should watch for a possible uptrend.
PVR Inox Q1 Results: Cons loss narrows to Rs 54 crore, revenue jumps 23% YoY
PVR Inox Q1 Results: PVR Inox reported a 23.4% year-on-year increase in consolidated revenue from operations, reaching ₹1,469.1 crore for the June 2025 quarter, up from ₹1,190.7 crore in the same period last year.
Divi’s Laboratories Q1 Results: Cons net profit rises 27% YoY to Rs 545 crore, revenue up 14%
Divi’s Laboratories Q1 Results: The Hyderabad-based pharma giant posted a consolidated revenue of ₹2,410 crore from operations in the first quarter of FY26, reflecting a 13.8% increase from ₹2,118 crore in the corresponding quarter last year.
Swiggy vs Eternal: Which stock promises better value delivery post Q1 show?
Eternal, the parent company of Zomato and Blinkit, posted a 55% year-on-year increase in its B2C net order value (NOV) for Q1FY26. Blinkit, its quick commerce division, recorded a 140% YoY growth in gross order value (GOV), surpassing food delivery for the first time and becoming Eternal’s largest biz segment.
Swiggy rolls out DeskEats for office goers after losses widen in Q1
Swiggy's DeskEats aims to tap working professionals in over 7,000 tech parks spread across 30 cities in the country. It offers food that is packed in a way that is easy to consume at the desk while working. These include value combos, munchies, healthy nibbles, and more.
Swiggy shares plummet after Q1 net loss doubles on Instamart cash burn
Swiggy's share price has dipped below its listing price following a report of nearly doubled losses in the April-June quarter. The food and grocery delivery platform's net loss widened to Rs 1,197 crore, despite a 54% revenue increase. Instamart's losses contributed significantly, with a negative margin, indicating rapid expansion outpacing demand.
Swiggy Q1 revenue surges 54% but loss nearly doubles to Rs 1,197 crore on Instamart burn
Swiggy reported a doubled net loss of Rs 1,197 crore for the April-June period despite a 54% increase in operating revenue, accompanied by a cash burn of Rs 1,053 crore. Instamart's losses widened even as its gross order value more than doubled in annual terms. The company now intends to sell its stake in Rapido as the latter makes a food delivery foray.
Swiggy shares tumble over 4% after Q1 loss widens to Rs 1,197 crore
Swiggy share price: Swiggy's shares faced a dip following the report of a wider net loss in Q1 FY26. Despite the loss, revenue saw a sharp increase. The company attributes the loss to investments in quick commerce and supply chain services. Motilal Oswal has raised Swiggy's target price, citing positive trends in average order value.
Stocks in news: ITC, RIL, Swiggy, PB Fintech, JSW Energy
The markets experienced volatility and closed slightly lower. Several companies are in focus due to news and Q1 results. ITC, Adani Power, Tata Power, and PC Jeweller will announce their Q1 results. Reliance Industries set August 14 as the record date for the final dividend. Coal India's net profit declined. Swiggy's losses widened.
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