Swiggy Launches Scenes Service: Food delivery platform Swiggy has taken a big step after its recent listing in the stock market. After Zomato launched the ‘District’ app to promote event and ticketing business, Swiggy has also entered this field. Let us know about this new launch.
Food delivery platform Swiggy Launches Scenes Service under its out-of-home vertical, Dineout. With this, you can book tickets for upcoming events. After its recent listing in the stock market, Swiggy has started this service to promote the event and ticketing business.
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Swiggy Launches Scenes Service: Swiggy Added Scenes Service in the App
Swiggy has added this service to the dine-out section of its native app. Events like Christmas, New Year’s Party, Live Music, and DJ Nights are currently listed, and tickets are sold through Scenes in the Dineout section of the Swiggy app.
- Scenes are currently live in Mumbai and Bangalore. Soon it will be made live in other cities also.
Swiggi competes with Zomato’s ‘District’ app.
With this service, the company will compete with Zomato’s ‘District’ app, which was recently launched for iOS and Android users. Facilities like booking your table in movies, sports, events, and restaurants are being provided in the District App. However, unlike Zomato’s District app, movie ticket booking service is not available in Swiggy’s Scenes.
Recently, Zomato’s Blinkit launched Bistro as the quick commerce arm entered the 10-minute food delivery sector. Earlier in December, Amazon also joined the race for the company’s rapid delivery branch Quick Commerce, which will compete with Blinkit, Swiggy Instamart, Zepto, and BigBasket.
Swiggy Launches Scenes Service: Swiggy’s Loss Reduced by 4.72%
Swiggy’s loss has reduced by 4.72% in the second quarter of 2024-25. The company released Q2FY25 results two days ago on December 3. Swiggy has suffered a loss of Rs 626 crore (consolidated net loss) in the July-September quarter. The company had suffered a loss of Rs 657 crore in the same quarter last year.
Swiggy Launches Scenes Service: Swiggy Revenue Increased By 36% in FY 2024
With this, revenue in the second quarter increased by 30.33% to Rs 3601 crore. The company generated revenue of Rs 2763 crore in July-September 2023-24. Earnings from selling goods and services are called revenue. Swiggy was listed in the stock market on November 13, since then its shares have increased by more than 18%. Swiggy’s financial condition also improved in FY 2024. Swiggy’s revenue increased by 36% to Rs 11,247 crore in FY2024, from Rs 8,265 crore in its previous financial year.
During this period, the company also reduced its losses by 44%, and in the financial year 2024, it stood at Rs 2,350 crore, which was Rs 4,179 crore in the previous year. The company has been helped in reducing losses by keeping its costs under control.
Swiggy One Black Membership Plan
Recently Swiggy has also launched One BLCK membership plan, which can be availed for three months for Rs 299. This is an ‘invite only’ plan and it will be implemented in several phases. At present, this membership service will be provided only to a select few people across India.
Here's some Equity News – Swiggy Ltd. launches "Scenes" to compete with Zomato's latest offering "District", which it bought from PayTM Insider pic.twitter.com/cEudVSkLyh
— चिरकुट ज़िंदगी (@Chirayu_Jain26) December 16, 2024
Existing Swiggy One members of Swiggy can also upgrade their membership to this. This new membership aims to provide high-quality services, discounts, and offers to consumers. Swiggy aims to bring together members-only benefits for food delivery, quick commerce dining out, and streaming platforms through this membership. Premium members will get unlimited free delivery on food orders, that too with on-time guarantees and other offers.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗