Swiggy Launches ‘Cafe’ To Deliver Snacks In 15 Minutes

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SUMMARY

Currently available in a few localities in Bengaluru, Swiggy Cafe offers branded as well as non-branded snacks & beverages

The new offering seems to be in the pilot stage and is similar to Zepto Cafe. It is available under the food delivery option on Swiggy’s app

In early 2023, Swiggy Instamart piloted Instacafe to deliver pre-made food and snacks along with groceries through its dark stores in certain pockets of Bengaluru

Following Zepto’s path, IPO-bound food delivery major Swiggy has launched ‘Cafe’ to deliver snacks and beverages in 15 minutes.

The option is currently available in a few localities in Bengaluru. 

Swiggy Cafe has curated a few beverage options such as coffee, milkshakes, and protein bars from brands like Blue Tokai and The Whole Truth under the new offering. Meanwhile, there are also some snacks and fries available without a brand name.

Exclusive: Swiggy Launches ‘Cafe’ To Deliver Snacks, Beverages In 15 MinutesExclusive: Swiggy Launches ‘Cafe’ To Deliver Snacks, Beverages In 15 Minutes

Zepto Cafe, launched in 2022 and currently available in Mumbai, also has a hybrid approach, with a mix of branded pre-made food and non-branded food items. 

This is Swiggy’s second experiment with quick deliveries of snacks. In early 2023, Swiggy Instamart piloted Instacafe to deliver pre-made food and snacks along with groceries through its dark stores in certain pockets of Bengaluru. 

However, the new Cafe option is available under the food delivery option on the Swiggy app and not under Instamart. The new offering seems to be in the pilot stage. An email sent to Swiggy seeking details about Cafe didn’t elicit any response till the time of publishing this story. 

The development comes at a time when Swiggy is preparing for its IPO. As per a recent report, the food delivery and quick commerce startup plans to get shareholders’ approval to raise INR 5,000 Cr through fresh issuance of shares in its IPO as against previously planned amount of INR 3,750 Cr.

Swiggy is also said to be targeting a valuation of $15 Bn for the IPO. It was last valued at $10.7 Bn.

Besides, it also continues to be a loss-making entity. Swiggy’s revenue grew 36% year-on-year (YoY) to INR 11,247 Cr in FY24 while net loss narrowed 44% YoY to INR 2,350 Cr. 

Last week, Inc42 reported that Swiggy is also piloting a large order fleet in the Delhi NCR region. Besides, the startup also launched several new features on its app recently, including a group ordering option and ‘incognito mode’ for private ordering.





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Swiggy Launches ‘Cafe’ To Deliver Snacks In 15 Minutes


SUMMARY

Currently available in a few localities in Bengaluru, Swiggy Cafe offers branded as well as non-branded snacks & beverages

The new offering seems to be in the pilot stage and is similar to Zepto Cafe. It is available under the food delivery option on Swiggy’s app

In early 2023, Swiggy Instamart piloted Instacafe to deliver pre-made food and snacks along with groceries through its dark stores in certain pockets of Bengaluru

Following Zepto’s path, IPO-bound food delivery major Swiggy has launched ‘Cafe’ to deliver snacks and beverages in 15 minutes.

The option is currently available in a few localities in Bengaluru. 

Swiggy Cafe has curated a few beverage options such as coffee, milkshakes, and protein bars from brands like Blue Tokai and The Whole Truth under the new offering. Meanwhile, there are also some snacks and fries available without a brand name.

Exclusive: Swiggy Launches ‘Cafe’ To Deliver Snacks, Beverages In 15 MinutesExclusive: Swiggy Launches ‘Cafe’ To Deliver Snacks, Beverages In 15 Minutes

Zepto Cafe, launched in 2022 and currently available in Mumbai, also has a hybrid approach, with a mix of branded pre-made food and non-branded food items. 

This is Swiggy’s second experiment with quick deliveries of snacks. In early 2023, Swiggy Instamart piloted Instacafe to deliver pre-made food and snacks along with groceries through its dark stores in certain pockets of Bengaluru. 

However, the new Cafe option is available under the food delivery option on the Swiggy app and not under Instamart. The new offering seems to be in the pilot stage. An email sent to Swiggy seeking details about Cafe didn’t elicit any response till the time of publishing this story. 

The development comes at a time when Swiggy is preparing for its IPO. As per a recent report, the food delivery and quick commerce startup plans to get shareholders’ approval to raise INR 5,000 Cr through fresh issuance of shares in its IPO as against previously planned amount of INR 3,750 Cr.

Swiggy is also said to be targeting a valuation of $15 Bn for the IPO. It was last valued at $10.7 Bn.

Besides, it also continues to be a loss-making entity. Swiggy’s revenue grew 36% year-on-year (YoY) to INR 11,247 Cr in FY24 while net loss narrowed 44% YoY to INR 2,350 Cr. 

Last week, Inc42 reported that Swiggy is also piloting a large order fleet in the Delhi NCR region. Besides, the startup also launched several new features on its app recently, including a group ordering option and ‘incognito mode’ for private ordering.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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