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The company that employed more than 58,000 people at its peak in March 2022 has fired almost 80% of its workforce since then. Separately, Zomato and Swiggy grapple with tax troubles.

Investors eager to ride India’s quick-commerce boom are already losing confidence in Swiggy. A Rs 7,300* crore war chest and little urgency, its restraint is starting to hurt.
AI is set to disrupt the sector. While the path ahead looks tough for legacy publishers like S Chand Publishing and Arihant Publications, things don’t look encouraging for others in the industry either.
With Swiggy joining the list of companies shutting down their ultra-fast food delivery services, we look at what’s plaguing the 10-minute food delivery sector. And whether there’s any hope at all for those trying.