New Delhi: Food delivery giant Swiggy rolled out its 10-minute food delivery service called Bolt as it tried to up its game ahead of its reportedly Rs 5,000 crore IPO. The company competes directly with listed company Zomato in the food delivery space. The two companies are also competitors in the quick commerce delivery space.
Swiggy said it will roll out the service in 6 key cities to begin with, namely:
S. No.
City
1
Hyderabad
2
Mumbai
3
Delhi
4
Pune
5
Chennai
6
Bangalore
What is Swiggy Bolt?
Swiggy Bolt 10 -minute food delivery service is aimed at serving food at the customer’s doorstep from restaurants within a 2 m radius of the person placing the order.
The service is also expected to have a limited menu to choose from with dishes such as burgers as well as hot and cold beverages on offer. Customers can also order breakfast items, besides biryani, which is among the most ordered dishes online in India across platforms.
Desserts such as ice creams and sweets, apart from snacks are also expected to be on offer in Swiggy Bolt. To be sure, delivery partners will neither be penalised nor incentivised to deliver food in 10 minutes. They will not be informed about the nature of the order, according to Swiggy.
Swiggy’s CEO of Food Marketplace Rohit Kapoor called Bolt “the next evolution in our mission to provide unmatched convenience.” While taking credit for cutting down food delivery time to 30 minutes 10 years ago, Kapoor said Bolt will cut down the wait further for coffee biryani and ice cream among other items.
Swiggy launches 24/7 InstaMart delivery service
Swiggy InstaMart, Swiggy’s quick commerce arm, launched 24/7 delivery service ahead of Diwali festivities. The service was rolled out in Delhi, Noida and Gurugram with an eye on helping customers meet their last-minute preparation needs.
Swiggy IPO size
Swiggy is expected to expand the fresh issue component of its IPO to Rs 5,000 crore after reportedly receiving clearance from its investors to expand its IPO size from the currently stated Rs 3,750 crore.
Swiggy Bolt: IPO-bound food delivery giant Swiggy rolled out a faster food delivery service which will cut down the food delivery time much below 30 minutes. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
