Swiggy Share Price Rises Nearly 7% as ‘Bolt’ Expands to 500 Cities

Swiggy share price was up 6.73% at 12.36 PM and was trading at ₹325.85. It had earlier announced that its 10-minute delivery service, ‘Bolt’, is now available in over 500 cities across India. This growth comes within just 6 months of its launch in October 2024. The expansion is seen as a big achievement in fast food delivery, helping boost investor confidence.

What’s Behind the Surge in Swiggy Share Price?

The stock jump was also supported by rival company Eternal (formerly Zomato) exiting its own 10-minute delivery service, ‘Quick’. As per news reports, Zomato’s CEO Deepinder Goyal, said that restaurant infrastructure was not ready for such fast delivery, and customer experience was inconsistent.

At 12:40 PM, Eternal (Zomato) share price was up 2.31% and was trading at ₹239.70.

Strong Demand Across India

Swiggy said that Bolt already handles over 1 in 10 orders on its platform. The demand is high not just in big metro cities but also in smaller Tier 2 and Tier 3 towns. With over 45,000 restaurant partners, Bolt offers popular quick-serve brands like McDonald’s. The service uses smart backend systems, a 2 km delivery radius, and a curated menu to ensure speed and quality.

Bolt’s Growing Impact

As food delivery becomes more competitive, Swiggy’s timely expansion of Bolt has positioned it as a clear leader in ultra-fast service. The ability to scale so rapidly also shows the company’s deep reach in logistics and strong partner network. Bolt’s focus on efficiency and customer satisfaction may help Swiggy turn around its falling stock performance.

Conclusion

With its main rival stepping away and strong consumer demand, Swiggy’s Bolt is racing ahead in the quick delivery segment. The stock’s jump reflects investor excitement, even though it has dropped over 41% in 2025 so far. The 10-minute delivery space still holds promise—especially when backed by solid operations and wide restaurant reach.

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