Swiggy Share Price is in Focus as It Expands 10-Minute Delivery Service ‘Bolt’ to 400+ Cities

Swiggy has expanded its quick food delivery service, Bolt, to over 400 cities and towns across India. The service promises fresh, fast delivery, ensuring items like warm idlis, frozen ice creams, and crispy fries reach customers in top condition.

Rohit Kapoor, CEO of Swiggy’s Food Marketplace, highlighted the growing excitement from restaurants and customers about Bolt, making its expansion an easy decision. The company aims to enhance customer experience with this innovative offering.

Initial Launch and Current Reach

Initially available in Bengaluru, Chennai, Hyderabad, New Delhi, Mumbai, and Pune, Bolt now operates in Tier-1, -2, and -3 cities like Jaipur, Lucknow, Nashik, Shillong, and Solan. Andhra Pradesh and Telangana lead in adoption, followed by states like Haryana, Tamil Nadu, and Rajasthan.

Wide Selection of Restaurants and Cuisines

Bolt delivers from over 40,000 restaurants, offering more than 10 lakh food items. It includes a mix of popular national brands and local favourites, such as Karachi Bakery in Hyderabad, Shiraz in Kolkata, and Irani Cafe in Pune. For Tier-2 cities, outlets like Varalakshmi Tiffins in Guntur and Baap of Rolls in Roorkie have seen over 10% of orders coming through Bolt.

How Bolt Works

• Optimised Orders: Bolt focuses on dishes with minimal preparation time.
• Delivery Radius: Orders are delivered within a 2-km radius to ensure speed.
• Safety Measures: Delivery partners are not told which orders are Bolt, and no incentives are given for faster delivery.

Quick Commerce Industry Insights
India’s quick commerce sector is booming, with a 280% growth in sales over 2 years. Currently valued at $3.34 billion in 2024, the market is projected to grow to $9.95 billion by 2029, with a CAGR of over 4.5%.

Swiggy’s Bolt is set to capitalise on this growth, delivering a seamless and efficient experience for customers nationwide.

Swiggy share price is trading at ₹508.80, up by ₹15.10 or 3.06% as of December 3, 10:10 AM. The stock opened at ₹505.00 and reached a high of ₹541.95, with the day’s low also at ₹505.00. The stock’s 52-week range is between ₹391.00 and ₹541.95, indicating a solid performance in the past year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.