52-Week Low Alert: Swiggy Bets Big on Bolt: Now Live In 500+ Cities Across India
The company has a market cap of Rs 69,929 crore and the stock hit the lower circuit on May 02, 2025 with a 1.06 times spurt in volume on BSE.
Swiggy, India's leading on-demand convenience platform, has announced the impressive expansion of its rapid food delivery service, Bolt, now live in over 500 cities across the nation. Launched in October of last year, Bolt has rapidly gained traction in both major metropolitan areas and smaller Tier 2 and Tier 3 towns. This swift growth is supported by a vast network encompassing more than 45,000 restaurant brands, demonstrating the significant appetite for faster delivery options among Indian consumers.
In a remarkably short span of under six months since its inception, Bolt has already become a significant contributor to Swiggy's overall food delivery operations, now powering more than one in every ten orders. This highlights the effectiveness of Bolt's model in meeting the demand for speed without compromising on the variety and quality that Swiggy is known for. With a diverse selection of over 4.7 million dishes spanning 26 different cuisines, Bolt is setting new benchmarks for speed, scale, and service standards in the Indian food delivery landscape.
The success of Bolt lies in its innovative operational intelligence, which combines intelligent backend optimisation with a carefully selected menu of quick-serve, high-demand items requiring minimal preparation. By limiting the delivery radius to just 2 kilometres, Bolt ensures both the quality and reliability of its rapid 10-minute delivery promise. This service has already attracted popular quick-service restaurant chains like KFC, McDonald’s, Subway, and Burger King, alongside an increasing number of beloved local eateries, providing an instantly gratifying and personalised experience for customers across India.
DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.
Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 5 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2 lakh restaurants across 700+ cities. Instamart, its quick commerce platform operating in 100+ cities, delivers groceries and other essentials across 20+ categories in 10 minutes.
Fuelled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Genie into its multi-service app. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce, dining out, and pick-up and drop services, Swiggy aims to provide a superior experience to its users.
The company has a market cap of Rs 69,929 crore and the stock hit the lower circuit on May 02, 2025 with a 1.06 times spurt in volume on BSE.
Disclaimer: The article is for informational purposes only and not investment advice.