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Swiggy Limited ( (IN:SWIGGY) ) has shared an announcement.
Swiggy Instamart has expanded its quick commerce services to 100 cities across India, driven by increasing demand in tier 2 and tier 3 markets. This expansion allows millions of new customers access to over 30,000 products delivered in 10 minutes, enhancing Swiggy’s reach and service in underserved areas. The company is also introducing ‘megapods’ to expand its darkstore network, offering a wider range of products, including local brands, to cater to unique customer preferences. This strategic move underscores Swiggy’s commitment to supporting local ecosystems and meeting the evolving needs of consumers beyond major metropolitan areas.
More about Swiggy Limited
Swiggy Limited, formerly known as Swiggy Private Limited and Bundl Technologies Private Limited, is a leading player in the quick commerce industry in India. The company offers a wide range of products and services, including groceries, daily essentials, electronics, fashion, and more, with a focus on rapid delivery. Swiggy’s market focus includes expanding its services to tier 2 and tier 3 cities across India, aiming to meet the growing demand for convenience-led retail.
YTD Price Performance: -34.83%
Average Trading Volume: 847,062
See more data about SWIGGY stock on TipRanks’ Stock Analysis page.