Swiggy has launched a new standalone app, SNACC, to deliver snacks, beverages, and quick meals in just 15 minutes. Piloted on January 7 in select parts of Bengaluru, this app marks a shift from Swiggy’s usual approach of bundling services like food delivery, quick commerce, and dining out into a single app. Plans are underway to expand SNACC to more regions in the coming months.
SNACC operates from centralised locations stocked with ready-to-go products, enabling fast deliveries. The menu includes options like Indian breakfasts, coffee, bakes, cold beverages, eggs, and protein. Some of the offerings come from well-known brands like Blue Tokai and The Whole Truth, while others are unbranded items sourced from third-party vendors.
This isn’t Swiggy’s first attempt at rapid food delivery. Back in October 2024, it introduced Bolt, a 15-minute delivery feature on its main app. While Bolt relies on restaurant partners to fulfill orders within a fixed timeframe, SNACC takes a different route, managing its inventory in-house to ensure what it is claiming.
SNACC’s rollout has been quick. The app was conceptualised in mid-December 2024 and launched within a month. The timing aligns with growing competition in the quick food delivery space. Zomato recently introduced a 15-minute delivery feature on its app, while Zepto Cafe and Blinkit are also ready with similar services.
The idea of delivering food in under 15 minutes has moved from a novelty to a standard offering. Swiggy’s Bolt, for instance, accounted for 5% of its total food orders within just eight weeks of launch. As more consumers embrace faster delivery options, companies like Ola Dash and Magicpin are also jumping into the fray with services like magicNOW, delivering meals within a 1.5–2 km radius in major cities.
Swiggy Ltd’s stock closed at ₹491.75 on January 8, down by 3.44% for the day, showing a 7.84% gain over the past six months but a year-to-date decline of 9.94%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 8, 2025, 3:51 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates