Eternal, the parent company of Zomato and Blinkit, reported a marginal rise in its cash balance during the first quarter of FY26, despite significant capital expenditure on expanding its quick commerce business.
According to a filing with the National Stock Exchange dated July 11, Swiggy issued 38.86 lakh stock options under its ESOP 2024 plan. The grant is valued based on the previous market closing price of Rs 385.15 per share.
This move is expected to enhance order volumes from younger demographics and increase usage frequency by positioning itself as an economical food solution for daily consumption.
Rapido plans to offer a lower commission range of 8 to 15 percent to restaurants, compared to the 16 to 30 percent currently charged by the existing market leaders.
The move reflects the company’s ongoing strategy to strengthen leadership from within and reinforce its operational backbone in India’s highly competitive food delivery and convenience services sector.
As the service continues to expand, Bolt is becoming a key part of Swiggy’s evolving food delivery infrastructure, shaping how urban and semi-urban consumers access meals on demand.
The store launch further cements Starbucks’ retail expansion strategy in India while highlighting Swiggy’s growing influence in enabling nationwide distribution and last-mile delivery for food and beverage retailers.