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Swiggy expands 10-minute delivery service to over 400 locations

Swiggy, an Indian food delivery and quick commerce platform, has extended its 10-minute delivery service, Bolt, to over 400 cities and towns.

Initially available in major metros like Bengaluru, Chennai, and Mumbai, Bolt now operates in smaller locations such as Jaipur, Guntur, and Shillong.

Designed for quick delivery, the service focuses on minimal-preparation food items within a 2-kilometer range.

Swiggy has collaborated with more than 40,000 eateries, including global chains KFC and McDonald’s, to facilitate this initiative.

Recent Swiggy developments

Timeline
15-Nov-2024 📉 Swiggy shares fall almost 6% after IPO
  • Swiggy shares drop nearly 6% after listing
  • IPO valued at ₹11,327 crore, fully subscribed
13-Nov-2024 📈 Swiggy shares surge on market debut after $1.4b IPO
  • Swiggy shares up 7.7% at IPO listing
  • IPO oversubscribed 3x, valued at $1.4 billion
06-Nov-2024 📈 Swiggy raises $606m from anchor investors before IPO launch
  • Swiggy secures $606M from 75+ investors
  • Prepares for $1.35B IPO, Valuation seeks $11.3B
29-Oct-2024 📈 Swiggy gears up for $11.3b IPO in November
  • Swiggy’s IPO priced at Rs 371-390 per share
  • Valuation may reach US$11.3 billion; IPO starts Nov 6
28-Oct-2024 📉 Swiggy cuts IPO valuation to $11.3b amid market challenges
  • Swiggy reduces IPO valuation to $11.3 billion
  • BlackRock, CPPIB to join $1.4 billion IPO

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