Swiggy Food CEO Rohit Kapoor sees Bolt as core future offering

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Bengaluru-based Swiggy is betting on its 10-minute food delivery service Bolt to drive growth and market share for the vertical that contributes the most revenue and profitability to its overall financials.This comes at a time when its rival, Zomato, has shut down its similar service Quick, while it doubles down on Bistro – the in-house rapid food delivery brand being built under Blinkit.

At its March quarter earnings briefing, Swiggy said Bolt was contributing 12% to its overall food delivery volumes. Under the Bolt offering, Swiggy aggregates…



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Swiggy Food CEO Rohit Kapoor sees Bolt as core future offering


Bengaluru-based Swiggy is betting on its 10-minute food delivery service Bolt to drive growth and market share for the vertical that contributes the most revenue and profitability to its overall financials.This comes at a time when its rival, Zomato, has shut down its similar service Quick, while it doubles down on Bistro – the in-house rapid food delivery brand being built under Blinkit.

At its March quarter earnings briefing, Swiggy said Bolt was contributing 12% to its overall food delivery volumes. Under the Bolt offering, Swiggy aggregates…



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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