Synopsis: Swiggy’s ultra-fast delivery arm Snacc may face closure amid scaling challenges, as the company reassesses unit economics and sharpens focus on sustainable, long-term core growth.
The share of this company, which relies on a commission-based model from restaurants, delivery fees from users, and advertising, aims for fast delivery (usually 30 to 40 minutes), came into focus after it is likely to shut down its fast delivery app
With the market capitalization of Rs 89,641 crore, Swiggy Ltd’s share on Friday made a day high of Rs 328.55 per share, up by 0.61 percent from its previous day’s close price of Rs 326.65 per share. The share of this company has given a negative return of 13 percent over the year.
What happened
According to sources, the offering of Snacc was operational in Bengaluru and Gurugram and functioned through a micro-kitchen model with private labels; however, the company has not released any formal public announcement regarding the closure.
Food and grocery delivery platform Swiggy has discontinued its instant food delivery service Snacc, stating, “While the product market fit was emerging, the broader economics made it challenging to scale. We want to concentrate all our energies on innovation that drives stronger long-term potential. In line with this, we have taken this decision.”
Swiggy further said it will continue to “invest in products and categories which truly innovate and open uncontested market spaces,” highlighting the traction seen in Bolt, 99 Store, and its ‘No Added Sugar’ and ‘Food on Train’ segments, while adding that the broader food delivery business is expanding at a rate of 18 to 20 per cent.
Snacc operates as a separate app under the Platform Innovation segment, which reported Rs 9 crore revenue contribution in Q3 FY26, built on a distinct model from the core food delivery business. Unlike the restaurant-led marketplace, it follows a micro-kitchen approach to provide affordable, functional meals, aimed at expanding the market and testing new formats.
Founded in 2014, Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app. It operates in over 580–700 cities, offering restaurant food delivery, grocery delivery through Instamart (launched in 2020), and instant parcel delivery via Swiggy Genie.
Financial Highlights: The revenue from operations grew by 54 percent to Rs 6,148 crore in Q3 FY26, corresponding to the same quarter in the last financial year. Accompanied by a net loss of Rs (1,065) crore in Q3 FY26 from Rs (799) crore in Q3 FY25, resulting in a negative EPS of Rs (3.86) per share in Q3 FY26.
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