Swiggy to shut down B2B offering for small businesses Minis
This follows heightened competition from rivals in Swiggy's core businesses of food delivery and quick commerce. Minis was Swiggy's SaaS offering that allowed local stores and D2C brands to create online stores without having to build a website or app, and worked on a zero-commission model.
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Hindustan Times
10 hours ago
- Hindustan Times
How Swiggy may get ₹2,500 crore ‘delivery' from Rapido
Food and grocery delivery platform Swiggy is reportedly planning to sell its entire 12% stake in ride-hailing startup Rapido, in a move that could fetch the company up to ₹2,500 crore (approximately $300 million), according to a report by Moneycontrol. Swiggy had invested around ₹ 950 crore ($120 million) in Rapido in 2022.(Reuters) Swiggy had invested around ₹950 crore ($120 million) in Rapido in 2022, leading a funding round that valued the startup at about $827 million. Since then, Rapido's valuation has grown nearly threefold, now pegged between $2.7 billion and $3 billion, driven by rapid expansion in the ride-hailing sector. If the sale goes through at this valuation, Swiggy stands to make a 2.5x return on its investment. Mobile finder: iPhone 17 Air expected to launch in the coming months The deal comes as Swiggy looks to strengthen its financial position. The Bengaluru-based company has reported net losses of ₹2,278 crore over the last two quarters, with cumulative losses of over ₹6,600 crore across nine quarters. As of Q1 FY26, Swiggy's cash reserves stood at ₹5,354 crore. Proceeds from this stake sale could give it a much-needed financial boost as it battles strong competition in India's quick commerce market from Zomato, Blinkit, Zepto, Big Basket, and Flipkart. Swiggy's original investment in Rapido was a strategic move, as Rapido offered two-wheeler and three-wheeler rides, complementing Swiggy's logistics. However, Rapido's plans to enter the food delivery segment now pose a potential conflict of interest, leading Swiggy to reconsider its stake. In a letter to shareholders, Swiggy stated: 'As a shareholder, we are extremely happy with their success and value-creation; but do acknowledge a potential conflict of interest that may arise in the future.' According to Moneycontrol, the transaction will be a secondary share sale, meaning the proceeds will go to Swiggy, not Rapido. Meanwhile, Rapido is reportedly well-capitalised, with $150–160 million in the bank and a modest cash burn of around $3 million a month. Swiggy is expected to complete the stake sale over the next three months, depending on interest from institutional buyers.
Time of India
13 hours ago
- Time of India
Divi's Laboratories Q1 Results: Cons net profit rises 27% YoY to Rs 545 crore, revenue up 14%
Divi's Laboratories on Wednesday reported a consolidated net profit attributable to the shareholders of the company at Rs 545 crore for the first quarter ended June 2025, posting a 26.7% year-on-year (YoY) jump from a profit of Rs 430 crore reported in the year-ago quarter. The Hyderabad-based pharmaceutical major reported a consolidated revenue from operations of Rs 2,410 crore for the first quarter of FY26, up 13.8% from Rs 2,118 crore in the same period last year. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The company said its total income for the June 2025 quarter stood at Rs 2,529 crore, compared with Rs 2,197 crore in Q1 FY25. Profit before tax (PBT) for the reporting period rose to Rs 733 crore, up from Rs 604 crore in the year-ago quarter, though it was lower than the Rs 864 crore reported in the March 2025 quarter. The company also reported a forex gain of Rs 39 crore, reversing a Rs 1 crore loss in the same period last year. Live Events Stock moves and technicals At 12:13 PM IST, shares of Divi's Laboratories were trading 2.9% lower at Rs 6,225.30 on the BSE following the earnings announcement. The stock has gained 2.7% so far in 2025 but is down nearly 10% over the past month. From a technical standpoint, the stock is currently trading below six of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, 50-day and 100-day SMAs, while the stock is trading above its 150-day and 200-day SMAs, indicating bullish undertones in the long-term charts. The Relative Strength Index (RSI) stands at 37.1. RSI below 30 is considered oversold, and above 70 is overbought. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -62.1 and remains below the center and signal lines, reinforcing a strong bearish indicator. Also read | Swiggy vs Eternal: Which stock promises better value delivery post Q1 show?
Time of India
19 hours ago
- Time of India
Post this earning season, Pankaj Murarka is avoiding these sectors. Here's why
Pankaj Murarka , CIO, Renaissance Investment Managers , believes India's equity market is overvalued, especially the top 20%, including defence and electronic manufacturing sectors. After a rewarding bull market, they've exited defence exposures due to unsustainably high earnings growth expectations priced into these stocks. The firm aims to reduce valuation risk in its portfolio at this mature stage of the economic cycle. You have always been a fan of tech and I am not saying IT. A lot of digital platforms are combining their might and strength with consumer facing industries. Anything that is interesting to you there? Pankaj Murarka: We own a lot of them like Paytm. I can continue to remain long-term constructive or positive on Paytm as a growth story. We like food delivery companies and now that industry is an oligopoly. Food delivery as a segment in a few years' time will have a billion dollars cash flow and an oligopoly where the top two players will control 120% of the profits because the other players will keep losing money and it will remain in an oligopoly structure forever. Quick commerce is very quickly getting into an oligopoly structure where three or four players will eventually dominate and control 120% of the industry profit because all the other players will keep bleeding. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program So, the good thing about this internet business is that apart from fast growth, they are driving industry consolidation in the segment in which they are operating at a very rapid scale. When there are a few players, it brings in pricing power and provides a long runway for the profit pool to keep growing and that is one thing unlike in traditional industries like steel or cement which have quite a few companies. Here there are just a few players in every segment and they will continue to dominate that space for a long period of time. The point I am making is each and every segment, or companies which emerge as leaders are the ones which we like because they will dominate the profit pool and they will have a long runway of cash flows over the next 15-20 years. If someone does not want to buy both and buy one only, Eternal or Swiggy, do you think valuation comfort is more with Swiggy and would you even pay Rs 300 for Eternal? Pankaj Murarka: Both, now it is every investor's call in terms of what they like and as they say valuation after a point of time is a matter of judgment because there are too many variables going into it. But if you ask me, over a period of five years, both of them will do well. Live Events You Might Also Like: Internet sector can grow at double or triple the nominal GDP growth rate: Pankaj Murarka The other pocket you were very bullish on is the banking space. We have talked about it in the past as well. But now, given the fact that we are in a rate cut environment and even the banking companies are talking about the NIMs compression going ahead, what is your view on the banking space right now? You continue to hold HDFC, Kotak, and ICICI Bank. Any other banks that look good to you or any of your recent additions? Pankaj Murarka: The view on banks remains positive. NIM compression is transitory and it is cyclical by nature. Whenever we will have rate cuts obviously, the way the sector regulations or RBI has regulated the sector, your assets get repriced much faster than your liabilities because your liabilities are long duration. So, this is a cyclical thing that in a rate cut environment banks will have some NIM compression and in a rising rate environment, they will get the benefit of expansion in NIM. I do not think that is something we should be concerned about. What we really like is banks with strong liability franchises and pristine asset quality and it is very clear now that the larger banks have an advantage over smaller banks. Clearly, we like the larger banks, and in fact, we own four of the top five large banks now in our portfolios including HDFC, ICICI, Kotak, and State Bank, and that primarily reflects our view. One thing which has been holding the sector back apart from the cyclical issues of NIM compression is slower loan growth and probably as the economy recovers in the second half of the year, probably we will see recovery in loan growth as well in banks. More importantly, in a market which is priced to perfection, there are a lot of sectors in the markets where valuations are far ahead of fundamentals, this is one sector where valuations are very reasonable. I still think that for an investor with a three-year time horizon, these large banks can give high teens returns or earnings growth because in an environment where credit will grow low double digit, these banks will take market share from smaller players, and they will go ahead of the industry credit growth. Effectively, they can do mid-teens credit growth and mid-teens to high-teens earnings growth and high teens returns in these banks over a medium-term time horizon. You Might Also Like: Jaiprakash Toshniwal sees value in 3 segments; goes contra on IT & specialized capital goods Post this earning season , are there pockets which you need to avoid or do away with from your current core list? Pankaj Murarka: Just to keep things in context, we need to understand that India is the most expensive equity market in the world and we are in the sixth year of a ferocious bull market. Obviously at the broad aggregate index level markets are priced to perfection and there are pockets of markets where obviously valuations are expensive or stocks are far ahead of fundamentals. What we have clearly done in our portfolio is we have taken the valuation risk out of our portfolio. Whichever segments of the markets where we think valuations are far ahead of fundamentals, we have taken money off the table. For instance, we have exited all our defence exposures. We are happy to take money off the table because in the last three-five years, it has been pretty rewarding owning some of these stocks. But now these stocks are pricing in a high 20s, 30s kind of earnings growth for these companies over the next 10 years. While there is earnings visibility in terms of the next two years, I am not sure in the next 10 years, these companies can do that kind of earnings growth and obviously there are a lot of expectations built into these sectors. I still doubt the long-term earnings growth can be sustained at what the market is pricing in. The top 20% of the market is most expensive and this includes defence and some of the other companies across electronic manufacturing. We have taken that out of our portfolio because we want our portfolios to be reasonably priced and at a mature stage of economic cycle and bull market, we do not want to carry valuation risk in our portfolios. You Might Also Like: Take it one day at a time; not very bullish or very bearish at this point in time: Mihir Vora
