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Zepto

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Swiggy near Rs 177: Has a 59% share-price decline made Instamart’s losses worth the risk?

Swiggy Limited shares have fallen 59% from their 52-week high as Instamart's expansion continues to weigh on consolidated profitability. With food delivery generating record adjusted EBITDA, quick commerce losing ₹895 crore in the September quarter and management targeting a much larger business before breakeven, investors face a fundamental question about how much of the expected recovery is already reflected in the company's valuation.
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Amazon’s biggest quick-commerce bet yet puts India rivals under fresh pressure

Amazon reportedly plans to invest $3 billion in India’s quick-commerce business through 2030 as it tries to close a large market-share gap with Blinkit, Swiggy, Zepto and Walmart-owned Flipkart. Amazon says its Now service has already exceeded $1 billion in annualized gross sales, but the company declined to confirm the confidential investment figures reported by Reuters.