SWIGGY

Recent Developments at Swiggy

‘Toing’ — A Budget Meal App Swiggy has launched a new standalone app called Toing in Pune. This app will offer food delivery options under ₹99-₹150 to cater to cost-sensitive consumers like students and young professionals. GST on Delivery Charges Raised From September 22, 2025, delivery charges on Swiggy orders will attract 18% GST, increasing the total cost for customers. This comes on top of recent platform service fee hikes. EV Partnership for Delivery Fleet Swiggy has teamed up with Bounce (an electric mobility company) to push electric vehicles (EVs) into its delivery network in cities like Delhi NCR and Bengaluru. Swiggy aims to have a 100% electric delivery fleet by 2030. Wider Quarterly Loss Driven by Competition & Expansion In its latest results, Swiggy reported a significantly larger loss compared to the same period last year. The increase in costs is mainly due to heavy spending on marketing, expanding its Instamart quick-commerce network, and building more dark stores and fulfilment centres. Supply Chain Investment Swiggy is investing heavily in its supply chain arm Scootsy, putting in over ₹1,000 crore (approx. USD 115 million) to boost warehousing, order fulfilment, and backend logistics — part of its strategy to scale Instamart. MSCI Index Inclusion Swiggy has been added to the MSCI Global Standard Index in August 2025. This is expected to bring in passive investments worth in the hundreds of millions of dollars, improving visibility with global investors. Brokerage Upgrades & Investor Sentiment Motilal Oswal recently upgraded Swiggy’s rating to “Buy,” estimating around 30-35% upside from current price levels. The optimism is based on signs of improved profitability and less intense competition.