Food delivery platform Swiggy has launched the ‘Scenes’ service as part of its out-of-home dining vertical, Dineout. With this you will be able to book tickets for upcoming events. After its recent IPO, Swiggy launched this service to promote the events and ticketing business.
Swiggy has added this service in the restaurants section of its native app itself. Events such as Christmas, New Year’s Eve Party, Live Music and DJ Nights are currently listed and tickets are sold via Scenes in the Dineout section of the Swiggy app. Scenes is currently live in Mumbai and Bangalore. Soon it will be released in other cities as well.
Will compete with Zomato’s District app, but movie tickets are not available. With this service, the company will compete with Zomato’s ‘District’ app, which was recently launched for iOS and Android users. Facilities like booking your table for movies, sports, events and restaurants are offered in the District app. However, unlike Zomato’s District app, the movie ticket booking service is not available in Swiggy’s Scenes.
Zomato’s Blinkit launches Bistro as the fast commerce arm enters the 10-minute food delivery business. Earlier in December, Amazon also joined the race for the company’s fast delivery arm, Quick Commerce, which will compete with Blinkit, Swiggy Instamart, Zepto and BigBasket.
Swiggy’s loss narrowed by 4.72% in the second quarter of the financial year 2024-25. The company had released its second quarter fiscal 2025 results two days ago, on December 3. Swiggy incurred a loss of Rs 626 crore (consolidated net loss) in the July-September quarter. The company had incurred a loss of Rs 657 crore in the same quarter last year.
With this, second quarter revenue increased by 30.33% to Rs 3,601 crore. The company had generated a turnover of Rs 2,763 crore in July-September 2023-24. Income from the sale of goods and services is called revenue. Swiggy went public on November 13 and since then its shares have risen by over 18%.
Swiggy’s revenue grew by 36% in FY 2024. Swiggy’s financial position also improved in FY 2024. Swiggy’s revenue grew by 36% to Rs 11,247 crore in FY2024, compared to Rs 8,265 crore in its previous fiscal year.
During this period, the company also reduced its losses by 44% and in FY2024, they stood at Rs 2,350 crore, compared to Rs 4,179 crore in the previous year. The company was helped to reduce its losses by controlling its costs.
Although Swiggy’s performance was lower than Zomato’s, the company still narrowed the gap with its rival in FY24. Zomato recorded a revenue of Rs 12,114 crore in of FY24, while that of Swiggy stood at Rs 11,247 crore. Similarly, Zomato made a profit of Rs 351 crore, while Swiggy suffered a loss of Rs 2,350 crore.
Swiggy shares up 7.69%, listing at ₹420: 500 employees become millionaires; ACME Solar Holdings shares are listed at ₹251, down 13.15%
Shares of Swiggy Limited and ACME Solar Holdings Limited were listed on the stock exchanges today (November 13). Swiggy shares were listed at ₹420 on NSE, 7.69% above the issue price. It was listed on the BSE at ₹412, which was 5.64% above the issue price. Its issue price was ₹390 per share. After the day’s trading, the shares closed at Rs 455.95, up 16.91% from the issue price.
Ordering products from Swiggy Instamart can be expensive: the company is considering increasing delivery charges, a decision taken to generate profits for the company
Ordering from online grocery delivery platform Swiggy Instamart can now be expensive. Because the company is preparing to increase delivery costs on each order. Swiggy is taking this decision as part of its plan to make the business profitable.