Part of Swiggy
Swiggy
Swiggy is holding its ground in food delivery (Times of India, 12 Oct), with Q1 FY27 food delivery revenue of ₹2,208 Cr and more than 27 million monthly transacting users (ET BrandEquity, 2 Oct). New entrants Rapido's Ownly, Swish Go and Flipkart's Eat In are now pushing into the segment (Inc42, 11 Oct).
What it means
Swiggy is cutting its burn without losing pace; fee cuts and restaurant incentives get rationed first.
Reported: Revenue +37% in Q1 FY27 while the net loss shrank 34% to ₹791 cr from ₹1,197 cr.
Watch: Q2 FY27 results, expected late Oct — net loss wider than Q1's ₹791 cr.
- Affected
- Eternal (quick commerce) — fewer subsidies to fightDo now: win back price-led customers while Swiggy rations that spending.
- Swiggy's restaurant partners — tighter promotions aheadDo now: agree promotion co-funding in writing before its next results.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Swiggy launches multi-restaurant ordering across 720-plus cities, with up to five restaurants in one checkoutReported: Watch:
- Reported: If you sell through Swiggy or Zomato, reconcile the TDS deducted on your payouts against your filed returns now, because the I-T department found 8,000 restaurants with TDS deducted but no returns filed and has planned a compliance drive.Reported: I-T department pegs restaurant tax evasion at over ₹25,000 crore, with Swiggy and Zomato data flagging ₹7,500 crore. Data for FY2021-22 to FY2024-25 shows 8,000 restaurants had TDS deducted on delivery-app sales but filed no returns, a 65% rise in four years. A compliance drive is planned.Watch: Any I-T statement putting recovered tax against the over ₹25,000 crore estimate.
- Reported: CBIC confirms uniform 5% GST on cab and delivery platforms including Swiggy, Zomato, Ola and UberReported: Watch:
Footprint: where Swiggy opened
No opening on record since May 2026; 1 announced plan.
Background
From 5 stories, the newest dated 16 Oct 2026. Summary written 16 Oct 2026.
Swiggy runs a food delivery business that works with over 2.7 lakh restaurants.[1] source: ET Retail
Show 3 more paragraphs and 5 sources
It also operates Swiggy Instamart, whose customers posted complaints in October 2026 about Noice-branded products, alleging flies in sealed atta, a worm in chocolate and mould in a cake.[2] source: NDTV Profit Swiggy had not responded to NDTV Profit at the time of publication.[2] source: NDTV Profit McDonald's India – North and East also sold its Navratri value meal through Swiggy and Zomato.[3] source: MediaBrief
In October 2026 Swiggy launched multi-restaurant ordering across more than 720 cities, letting customers order from up to five restaurants in one checkout with a single payment and shared tracking.[1] source: ET Retail Food Marketplace CEO Rohit Kapoor said at TechSparks 2026 that Swiggy adds 10 to 20 cities every quarter and runs round the clock in more than 700 towns.[4] source: YourStory He said about 30,000 delivery partners are onboarded each week and 5.5 lakh to 6 lakh work daily.[4] source: YourStory Anand Rathi said Swiggy reached contribution break-even in Q1 FY27 and that its food delivery gross order value grew 17.4% year on year.[5] source: Business Today The brokerage upgraded Swiggy from 'Hold' to Buy with a target price of Rs 310, and put its cash balance at around Rs 14,000 crore as of Q1 FY27.[5] source: Business Today
Anand Rathi expects Swiggy to narrow its growth gap with Blinkit, which could mean higher EBITDA losses.[5] source: Business Today Kapoor said roughly 90% of Indians have never used food delivery and pointed to the budget app Toing.[4] source: YourStory
Sources
Questions about Swiggy
What is Swiggy's current strategy in India?
In October 2026 Swiggy launched multi-restaurant ordering across more than 720 cities, with up to five restaurants in one checkout.[1] source: ET Retail Rohit Kapoor said in October 2026 that Swiggy adds 10 to 20 cities every quarter.[4] source: YourStory Anand Rathi said Swiggy reached contribution break-even in Q1 FY27.[5] source: Business Today
Who are Swiggy's main competitors?
Anand Rathi expects Swiggy to narrow its growth gap with Blinkit, which could mean higher EBITDA losses for Swiggy.[5] source: Business Today
More stories about Swiggy
- Swiggy appoints ex-McKinsey partner Nikhil Vyas as VP, strategy and investments
- Delhi consumer court orders Swiggy, Themis Barbeque House to jointly pay ₹1 lakh over Dineout pricing
- SBI Mutual Fund raises Swiggy stake to 5.12%
Stories that mention Swiggy
13 stories
Swiggy is named in these stories but is not their subject.
- Urban Company board meets 16 October on fresh fundraise as InstaHelp losses widen
- Udaan's FY26 revenue up 13% to Rs 5,134 crore, first growth in four years, as net loss narrows 19%
- Nutrifresh revenue up 51% to Rs 219 crore in FY26, targets Rs 400 crore in FY27
- Udaan targets IPO by early 2028 as B2B turnaround takes hold
- Ben's Cookies opens seventh India store at Mumbai's Kala Ghoda, its first in South Mumbai
- Flipkart-owned Cleartrip runs cheeky front-page 'apology' ads to Swiggy and Zomato for Big Billion Days travel deals
- Instamart brings back Quick India Movement festive sale: up to 90% off, iPhone 17 Pro 256GB at ₹1,19,999
- Swish pilots Swish Go in Bengaluru, with no platform or packaging fees, to take on Swiggy and Zomato
- Swiggy Dineout rebrands as Dineout, keeping the Swiggy pin in a new lowercase 'd' logo
- Aflatoon by SOCIAL enters Mumbai as a delivery-first North Indian food brand
- Former Flipkart CXOs urge Walmart to treat ESOP holders fairly as about $4 billion in buybacks wait with no IPO date
- Third Wave Coffee and CaratLane launch 45-day Ube beverage range, running through November 15
- Rapido’s zero-commission food app Ownly expands to Hyderabad after Bengaluru rollout