‘Genie's lamp cooling off for a bit': Swiggy suspends pick-up and drop service across Delhi-NCR, Mumbai, more cities
Swiggy has suspended its door-to-door pick-up and drop service Genie across different cities in India, saying that it is taking a 'little break' and implying that the suspension is temporary.
Swiggy Genie operates in 70 cities across India, most of which saw an unavailability of the services as the option could not be found on the apps. Users were unable to access the services in Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata and more.
In some locations, where the option was still available, a message saying 'temporarily unavailable' appeared on the screen.
There is no indication when the services will be back online.
The development comes days after Swiggy ramped up its 10-minute food delivery service 'Bolt'.
Livemint has reached out to a spokesperson for Swiggy regarding the details of the development. This article will be updated once we receive an official statement from the company.
While there has been no official comment from Swiggy, its social media handles have confirmed about the suspension of Genie services.
'Genie is currently shut due to operational constraints,' it said, replying to an inquiry about the unavailability of the service.
Another user shared a screenshot that shows Genie services were unavailable to him.
'Ah, the Genie's currently taking a little break from granting wishes, Suhas! But worry not, we do hear your wishes loud and clear. While there's no concrete timeline for Genie's return just yet, our team is working hard behind the scenes to bring it back as soon as possible. We'll be sure to keep you posted the moment it's back in action,' Swiggy said on X.
'The Genie's lamp is just cooling off for a bit. While we are unable to provide any concrete info on the same, please sit tight, we'll keep you posted,' it told another user.
Swiggy on Friday said its 10-minute food delivery service 'Bolt', which was launched in October last year, is now operational in more than 500 cities across the country.
Presently, at least one in every 10 food delivery orders delivered by Swiggy are delivered using the 'Bolt' service.
The offering is now available in over 500 cities across India.
'Bolt' focuses on restaurants in a 2-km radius of the customer and dishes with minimal preparation time.
First Published: 5 May 2025, 11:15 PM IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
2 hours ago
- Economic Times
Rekha Jhunjhunwala sells nearly 2% stake in Nazara Technologies
Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, has sold a 1.98% stake in Nazara Technologies through open market transactions, according to a regulatory filing. ADVERTISEMENT Between 2nd and 6th June 2025, Jhunjhunwala sold a total of 17,38,500 shares of Nazara Technologies on the NSE and BSE. This includes 13,10,552 shares sold from 2nd to 5th June, and another 4,27,948 shares sold on 6th June. Following the transaction, her stake in the company decreased from 7.06% to 5.07%, or 44,45,120 shares. The sale was executed via open market transactions. The total equity share capital of Nazara Technologies stands at 8.76 crore shares with a face value of Rs 4 per share. Nazara Technologies is a gaming and sports media company listed on the NSE and BSE. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside The company reported a 95% year-on-year (YoY) rise in operating revenue to Rs 520.2 crore in Q4FY25, even as total expenses surged due to higher marketing and employee costs. Net profit for the quarter stood at Rs 4 crore, up from Rs 0.18 crore in the same period last year. ADVERTISEMENT Expenses jumped 85% YoY to Rs 527.7 crore, led by a threefold increase in advertising and promotional spending at Rs 151.03 crore. Employee benefit expenses rose 80.7% to Rs 79.9 esports segment remained the top revenue contributor with a 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, while the adtech division also posted gains. ADVERTISEMENT For FY25, operating revenue grew 42.6% to Rs 1,623.9 crore, but net profit declined 31.8% to Rs 50.9 crore. The company recorded its highest-ever annual EBITDA at Rs 153.5 crore. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 According to Trendlyne, the average target price for Nazara Technologies is Rs 1,093, indicating a downside of nearly 14% from current levels. Of the 11 analysts tracking the stock, the consensus rating is 'Hold'. ADVERTISEMENT At 11:13 pm, the stock was trading 0.7% higher at Rs 1,276.5 on the BSE. Nazara Technologies has rallied 37% over the past three months and is up 103% in the last two years. Its current market capitalisation stands at Rs 11,184 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
NDTV
3 hours ago
- NDTV
Trending Now: Rapido's Foray Into Food Delivery In India Sparks Social Media Debate
Ride-hailing service Rapido is set to enter and potentially disrupt the food delivery market in India. The news has made headlines across the country for various reasons. Rapido has reportedly finalised agreements with restaurants through a partnership deal with the National Restaurants Association of India (NRAI). There is considerable speculation about what Rapido's entry will mean for food delivery giants Zomato and Swiggy. This is especially because Rapido's commission is expected to be around half that of Swiggy and Zomato. Moreover, Rapido will reportedly charge a fixed fee of Rs 25 for orders below Rs 400 and Rs 50 for orders above that amount. Also Read: Zomato Introduces New 'Long Distance Service Fee' For Food Orders Beyond 4 Km In a statement, the company said, "At Rapido, we are constantly looking at opportunities to scale our services and bring greater convenience to our users. In line with this vision, we are currently test piloting an online food delivery app in the city of Bangalore. The pilot aims to leverage our strong network of captains while assessing the potential to complement our existing services. It's an exciting opportunity for us to learn, improve, and see how we can add even more value for our consumers. We'll share more details on our plans as we move forward." Rapido's foray into food delivery has led to a lot of discussion and debate on social media. Many people have suggested that it may threaten the existing "duopoly" in the market. Others remain unconvinced but have expressed interest in seeing how Rapido will fare in this sector. Read some of the comments and reactions below: Rapido be like- entering new but will beat all of you. — Nisha Anandani (@AnandaniNisha) June 10, 2025 Cost of Food Ordered on Zomato vs Swiggy vs Rapido Zomato - ₹ 451 Swiggy - ₹ 402 Rapido - ₹ 234 — Sejal Sud (@SejalSud) June 10, 2025 Rapido is entering into direct competition with Zomato & Swiggy by offering to deliver food for a flat fee of ₹25 for orders upto ₹400 & ₹50 for orders above that. Swiggy & Zomato charge fees ranging from 10% to 28%. Many restaurants are fed up of Zomato & Swiggy price-gouging — RJ Stocks (@RakJhun) June 9, 2025 I like rapido man. First it broke ola-uber duopoly and now it will break swiggy-zomato duopoly. — Umed Pratap Singh (@umedpratapsingh) June 10, 2025 First, they disrupted bikes. Now, they're coming for biryanis. Rapido vs the food delivery duopoly next big market fight in India. It's coming for the duopoly's plate. 👇🧵 — Sanskar Modi (@sanskarmodi22) June 10, 2025 This is the best which could happen in food delivery space. Rapido may or may not succeed but I see Zomato and Swiggy's revenues / profits taking a hit for sure. Interesting times ahead! #rapido #swiggy — Vishan (@vishan_khadke) June 10, 2025 Rapido enters India's food delivery market with offline-equal prices. It will be a great battle if Rapido is able to scale it well and make it profitable. #Zomato #Swiggy #Rapido — Anirudh Goel (@anigoel23) June 10, 2025 All those going gaga over #Rapido breaking Swiggy, Zomato duopoly. Remember ONDC? Food delivery sector in India is ripe for a discount led war since the prices going significantly upwards has saturated the market and almost made customer onboarding stagnant. But how long can…— Bismah Malik (@bismahmalik) June 10, 2025
Time of India
7 hours ago
- Time of India
CreditAccess Grameen shares in focus after securing $100 million syndicated loan from Asian banks
Shares of CreditAccess Grameen will be in focus on Wednesday after the company raised $100 million through external commercial borrowing from a group of banks across South Asia and the Far East. The syndicated loan facility, structured in dual currencies—Japanese yen and US dollars—was led by Standard Chartered Bank, the company said in a regulatory filing. CreditAccess Grameen is India's largest non-banking financial company focused on microfinance (NBFC-MFI). Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside The facility was initially launched with a base size of $70 million in November 2024 but was later upsized to $100 million, with participation from seven banks, primarily from Korea and Japan. Live Events The proceeds will be used to fund eligible social projects, the company said. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 CreditAcces Grameen share price target and performance According to Trendlyne, the average target price for CreditAccess Grameen is Rs 1,191, suggesting a marginal downside of about 1% from current levels. Of the 16 analysts tracking the stock, most have a 'Buy' rating. On the technical front, the stock's Relative Strength Index (RSI) stands at 59.5—well within the neutral zone (below 30 is oversold, above 70 is overbought). Meanwhile, the MACD is at 20.3 and remains above its centerline and signal line, indicating a bullish trend. The stock is currently trading above all key moving averages — including its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs) — reinforcing the positive trend. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven Shares of CreditAccess Grameen closed 0.75% lower at Rs 1,196.2 on the BSE in the previous session. The stock is up 34% year-to-date but is down 21% over the past 12 months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
