Swiggy Limited has informed the Exchange regarding a press release dated May 06, 2025, titled "Kouzina Acquires Exclusive License to Scale Swiggy s Food Brands: The Bowl Company (TBC), Homely, Soul Rasa, and Istah".
SWIGGY · price
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Awaiting price reaction for this filing.
Swiggy has signed a deal with Kouzina Food Tech to give it an exclusive license to operate and grow four of its digital-first food brands: The Bowl Company, Homely, Soul Rasa, and Istah. Kouzina will handle end-to-end operations, innovation, and expansion, while Swiggy will eventually transfer full ownership once certain agreed conditions are met. Kouzina runs over 250 kitchens across 100+ cities and plans to scale these brands further through its asset-light cloud kitchen model. This marks Swiggy's exit from running its own private-label restaurant brands, allowing it to focus on its core food delivery and quick commerce platforms.
This is a portfolio rationalization move — Swiggy is handing off its in-house food brands to a specialized operator and refocusing on its core platform business. Neutral to mildly positive for shareholders, as it removes a capital-intensive distraction without signalling weakness in the main business.