Overview

• Swiggy's new service, Bolt, aims to deliver meals within 10 minutes by partnering with over 2,700 restaurants.
• Bolt is available in six major Indian cities: Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore.
• The service features popular dishes requiring minimal preparation time, including burgers, beverages, and biryani.
• Swiggy's IPO plans include raising funds to expand infrastructure, marketing, and technology, with a potential post-IPO valuation of $10-13 billion.
• Delivery partners are not incentivized or penalized based on Bolt delivery times, maintaining existing operational standards.