Swiggy Closes Its 10-Minute Food Delivery Service — What will happen next? – Times Bull

Swiggy: Foodtech company Swiggy has decided to shut down its well-known app, Snacc. This app promised to deliver food in just 10 minutes and was launched around a year ago. The company struggled to grow the business and wasn’t turning a profit, which led to the decision to close Snacc. A report mentioned that Swiggy found it challenging to turn orders into profits with this model. This information was shared in an internal email on February 19th.

Snacc started as a pilot project, providing services only in Bengaluru and Gurugram. There’s no information available yet on how many orders Snacc received or the revenue it generated. Reports suggest that Snacc’s competitor, BlinkIt Bistro, has faced losses of about Rs 150 crore (around Rs 1.5 billion) over nine months.

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