Swiggy Limited has informed the Exchange regarding a press release dated May 02, 2025, titled "Swiggy Bets Big on Bolt: Now Live In 500+ Cities Across India".
SWIGGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Swiggy announced that its quick food delivery service, Bolt, has expanded to over 500 cities across India in less than six months since its October 2024 launch. Bolt now works with 45,000+ restaurant brands and powers more than 1 in every 10 food delivery orders on Swiggy, offering over 47 lakh dishes across 26 cuisines delivered within 10 minutes from a 2 km radius. Popular chains like KFC, McDonald's, Subway, Faasos, Burger King and Curefoods are already on the platform. Notably, new users acquired through Bolt show 4-6% higher monthly retention compared to the platform average, suggesting Bolt is helping Swiggy gain and keep more customers.
Positive for shareholders — the rapid scale-up of Bolt strengthens Swiggy's quick-commerce position, supports user growth and retention, and could drive incremental food delivery revenue. No immediate financial guidance or order specifics were provided.