The FinTech Hub
Source: Live Mint Domestic brokerage firm HDFC Securities has upgraded Swiggy to a ‘Buy’ from its earlier ‘Reduce’ rating, even as the food delivery and quick commerce platform reported a steep increase in losses for the March 2025 quarter. While the brokerage trimmed its target price slightly to ₹400 from ₹410 earlier, the revised estimate…
Source: Live Mint Swiggy Q4 Results: Food delivery and quick-commerce company Swiggy on Friday, May 9, reported a consolidated loss of ₹1,081.18 crore for Q4FY25, which was almost double (95 per cent) from a loss of ₹554.77 crore reported in the same quarter of the previous financial year. The company’s revenue from operations, however, jumped…
Source: Live Mint Swiggy share price surged over 12% on Monday following the announcement that its quick-service food delivery vertical, Bolt, has expanded operations to more than 500 cities across India. The development comes just a day after rival Zomato revealed plans to shut down its 10-minute food delivery service, Instant (formerly Quick), citing limited…
Source: Live Mint Q4 results 2025: The earnings season for Indian companies will set to continue as more than 70 companies will announce their March quarter results next week. “We expect the market to consolidate in a broad range with a positive bias. Stock-specific action is likely to dominate the market, although some volatility may…
Source: Live Mint Brokerage JM Financial, in its preview for Q4FY25, indicated that variations in corporate performances across the internet sector are anticipated due to specific trends within each segment. Although growth in food delivery for Eternal (Zomato) and Swiggy is predicted to slow down, substantial growth in quick commerce (QC) is expected to be…
Source: Live Mint Swiggy Ltd’s food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million. This compares with the quarter-on-quarter (q-o-q) drop in Zomato Ltd’s user base to 20.5 million from 20.7 million. While it is hard to identify specific reasons for the divergent trends…
Source: Live Mint Sriharsha Majety, MD & Group CEO, Swiggy, said “We continued our focus on creating segmented offerings for the consumer during the festive quarter, which we believe will open up more consumption occasions. In recent months, we’ve introduced Bolt and Snacc (10-minute food delivery), expanded into new categories within Quick-Commerce, and plan to…
Source: Live Mint Swiggy share price declined over 4% on Wednesday ahead of the announcement of Q3 results today. Swiggy shares fell as much as 4.07% to a low of ₹416.00 apiece on the BSE. Swiggy shares were listed on Indian stock exchanges in November 2024 and this will be its first earnings release after…
Source: Live Mint Budget 2025: Shares of Zomato and Swiggy increased by 9-10% following Finance Minister Nirmala Sitharaman’s declaration of an income tax exemption for individuals with an annual income of up to ₹12 lakh in the Union Budget 2025. Experts think this initiative may stimulate spending in light of indications of waning urban demand….
Source: Live Mint India’s initial public offering (IPO) market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. Further, Company Profiles Analyst Murthy Grandhi, promises “even bigger fireworks” in 2025, according to an ANI report. “India’s IPO market hit a…
