Sriharsha Majety notes that Instamart has grown out of the shadow of food delivery as a standalone brand, with its gross order value and user base at over two-thirds of food delivery already
The revenue from operations has increased to Rs 4,961 crore in the recently concluded quarter from Rs 3,222 crore in Q1FY25
Sriharsha Majety notes that food services account for just 9-12 per cent of total food consumption in India compared to much higher levels in other major economies
The company has named Faraz Khalid, Chief Executive Officer (CEO) of noon, as the fourth independent director on its board
The range will be available to Swiggy users in 58 cities across western and southern India including Mumbai, Bangalore, Pune, Hyderabad, Chennai, and others
Earlier this year, Swiggy had temporarily suspended its on-demand pickup and drop service, Swiggy Genie, citing operational constraints
The report notes that Swiggy, Eternal outperform markets on profitability hopes
99 Store is available to users in over 175 cities, including Bangalore, Ahmedabad, Kolkata, Hyderabad, Delhi, Pune and others
Beyond simply suggesting itineraries, the app helps users plan their trips and involves human concierges in addition to generative artificial intelligence (AI)
The company says that Saurav Goyal has been leading the Business Finance function since June 2020
