CosmicTaco

Swiggy Instamart Initiates 24X7 Delivery in Delhi NCR

CosmicTaco · 2024-10-01T09:51:04.140914+05:30

- Swiggy Instamart has launched a 24X7 delivery service in Delhi NCR, including Gurugram and Noida. - This move follows Flipkart's quick commerce service debut in Delhi, offering free delivery for orders above INR 99. - Swiggy's decision is based on their internal order analysis, showing a demand for late-night and early morning deliveries. - The company is preparing for an IPO, with a fresh issuance of shares worth INR 3,750 Cr and an OFS of 18.53 Cr shares. - Despite a 7% increase in net loss, Swiggy's operating revenue surged nearly 35% in Q1 FY25. Source: [Inc42](https://inc42.com/buzz/ahead-of-festive-season-swiggy-instamart-launches-24x7-delivery-service-in-delhi-ncr/)

Swiggy Instamart has launched a 24X7 delivery service in Delhi NCR, including Gurugram and Noida.
This move follows Flipkart's quick commerce service debut in Delhi, offering free delivery for orders above INR 99.
Swiggy's decision is based on their internal order analysis, showing a demand for late-night and early morning deliveries.
The company is preparing for an IPO, with a fresh issuance of shares worth INR 3,750 Cr and an OFS of 18.53 Cr shares.
Despite a 7% increase in net loss, Swiggy's operating revenue surged nearly 35% in Q1 FY25. Source: Inc42