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Shutdown · Commerce & Consumer Brands

Swiggy shuts down Snacc 15-minute food app

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Date
Company
Swiggy
What it does
Food and grocery delivery platform
Kind
Shutdown
Based in
Bengaluru
Sector
Commerce & Consumer Brands

What they do

Swiggy ceased standalone Snacc app operations in February 2026 due to profit pressures and challenging unit economics

What happened

Snacc launched in January 2025 as a pilot in Bengaluru and Gurugram for snacks, beverages, and mini-meals

Why it matters

This move follows similar shutdowns by competitors like Blinkit Bistro and Zomato Quick

The details

  • Swiggy stopped its standalone Snacc food delivery app in February 2026.
  • The decision was driven by profit pressures and difficult unit economics for the business model.
  • Snacc launched in January 2025 as a pilot experiment in Bengaluru and Gurugram.
  • The app offered snacks, beverages, and mini-meals from third-party vendors and dark stores.
  • Snacc went from concept to live on app stores in less than 16 days.
  • The Snacc team was absorbed into other Swiggy departments with transition support.
  • Competitors like Blinkit Bistro, Zepto Cafe, and Zomato Quick also shut down similar ventures.
  • Swiggy reported a consolidated net loss of ₹1,065 crore for Q3 FY26.

The bigger picture

  • Unit economics remained challenging despite emerging product-market fit for Snacc.
  • Industry peers are scaling back or shutting down their own snack-focused experiments.
  • Swiggy faces pressure to balance innovation with financial sustainability.

About the business

  • Swiggy provides food delivery and grocery services through its main platform.
  • It operates various experimental models like Bolt and 99store alongside core services.
  • The company generates revenue from commissions and advertising on its platform.
  • Swiggy's Instamart segment saw losses of ₹791 crore in Q3 FY26.
  • Food delivery gross order value grew by 20.5% year-on-year in December.
  • The company maintains a cash balance of approximately ₹4,605 crore.
  • Swiggy raised ₹10,000 crore through a Qualified Institutional Placement (QIP) in December.
  • QIP is a method for listed companies to raise capital by issuing shares to institutional investors.

What happens next

  • Swiggy will continue experimenting with new initiatives despite current profit pressures.
  • The company aims to maintain innovation while addressing unit economics challenges.

Founders

  • Sriharsha Majety, CEO
  • Phani Kishan Addepalli, Co-founder
  • Nandan Reddy, Co-founder

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