Overview

• Swiggy's ultra-fast delivery service, Bolt, now operates in over 500 cities across India, less than seven months after its launch in October 2024.
• Shares of Swiggy rebounded by up to 10% from record lows, reaching Rs 333.65, following the announcement of Bolt's expansion.
• Bolt accounts for more than 10% of Swiggy's total orders and is supported by partnerships with over 45,000 restaurant brands.
• New users acquired through Bolt show 4–6% higher monthly retention rates compared to the platform average, enhancing customer loyalty.
• Zomato's decision to shut down its quick-delivery services due to profitability challenges further solidifies Swiggy's lead in the segment.