Swiggy Share Price in Focus; Discontinues Snacc as 10-Minute Food Delivery Economics Falter

Swiggy has reportedly closed Snacc, its 10-minute food delivery app, less than a year after it went live, as per news reports. Launched in January 2025, the service was available only in Bengaluru and Gurugram. It was positioned as a quick option for ready-to-eat meals and snacks prepared through micro-kitchens. 

As per the news reports, the company said that while early demand was visible, the economics did not support scaling the model. It said focus would shift to businesses with clearer long-term returns. The company has not shared data on orders or revenue from Snacc. 

Competitive Pressure 

Snacc was introduced when fast food delivery became a focus area. Zepto launched Zepto Cafe, while Blinkit introduced Bistro as a separate offering. 

Blinkit’s Bistro reportedly recorded losses of about ₹150 crore against sales of less than ₹20 crore over 9 months. Blinkit’s parent, Eternal, infused ₹2,600 crore into the business this year. Zepto has raised about $900 million in recent funding. 

Operations and Staff 

Snacc offered breakfast items, coffee, bakery products and snacks, including select tie-ups with The Whole Truth. The app was developed and launched within 16 days. Swiggy said employees impacted by the closure would be moved to other roles where possible or provided transition assistance. 

Swiggy’s Financial Performance 

The shutdown comes at a time when losses have widened. Swiggy reported a consolidated net loss of ₹1,065 crore in Q3FY26, up 33% from a year earlier. Operating revenue rose 54% year-on-year to ₹6,148 crore. 

Instamart, its quick commerce arm, posted a loss of ₹791 crore, up 50%, even as revenue grew 76% to ₹1,016 crore. The platform innovations segment, which included Snacc, saw revenue fall 59% to ₹9 crore. Losses in that segment rose to ₹40 crore. 

Swiggy recently raised ₹10,000 crore through a qualified institutional placement, which was subscribed 4.5 times. It reported cash reserves of ₹4,605 crore and expects around ₹2,400 crore from a stake sale in Rapido. 

Read More: Swiggy Cites Quick Commerce Growth Hit by Irrational Rivalry and Bulk Order Shifts! 

Swiggy Share Price Performance  

As of February 20, 2026, 10:16 am, Swiggy Ltd share price was trading at ₹325.75, a 0.28% decrease from the previous closing price. 

Conclusion  

Snacc’s shutdown comes amid widening losses and higher spending across quick commerce. The company is narrowing its focus to businesses with clearer revenue visibility. 

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