Launch · Commerce & Consumer Brands

Swiggy launches Bolt 10-minute food delivery

By Startup Enthusiast · 4 October 2024

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Swiggy launched Bolt, a 10-minute delivery service for quick-to-prepare meals from over 2,700 restaurants in six cities

Bolt initially operates in Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune, with plans to expand based on feedback

The launch comes as Swiggy prepares for an IPO, with plans to raise up to Rs 5,000 crore

Swiggy launched Bolt, a 10-minute food delivery service, in select cities.
Bolt brings quick-to-prepare meals from popular restaurants and QSRs located within a 2-km radius.
The service is available in Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune.
Over 2,700 restaurants, including KFC, McDonald's, and Starbucks, are part of Bolt.
Swiggy's Food Marketplace CEO, Rohit Kapoor, announced the launch on LinkedIn.
Delivery partners are not informed about the difference between Bolt and regular orders, with no penalty or incentive based on delivery times.
Swiggy plans to expand Bolt to more areas based on customer feedback and operational efficiency.

The launch comes as Swiggy prepares for an IPO, having filed confidential papers in April 2024.
Swiggy submitted an updated draft red herring prospectus on September 26, 2024.
The IPO includes a fresh issue of up to Rs 5,000 crore and an offer-for-sale of 18.52 crore shares.
If listed, Swiggy will be the second publicly traded food delivery company after Zomato.
Zomato stopped its 10-minute delivery service in January 2023, a year after testing it.

Swiggy filed confidential IPO papers in April 2024.
Swiggy submitted an updated draft red herring prospectus on September 26, 2024.
The IPO includes a fresh issue of equity shares worth up to Rs 3,750 crore.
The IPO also includes an offer-for-sale of 18.52 crore equity shares by existing shareholders.
Shareholders approved increasing the primary issue from Rs 3,750 crore to Rs 5,000 crore at an EGM on October 3, 2024.

Swiggy plans to expand Bolt to more areas based on customer feedback and operational efficiency.
The company is preparing for an IPO, with the fresh issue increased to Rs 5,000 crore.