Foodtech major Swiggy has shut down its ‘Minis, an online service for small businesses to create their digital presence, according to a report published by MoneyControl. The service will be discontinued for sellers from August 10.
Swiggy introduced Minis in 2022 as a zero-commission SaaS platform aimed at empowering local businesses and D2C brands. It enables small sellers to set up online storefronts without the hassle of building their own websites or apps.
The service was available to small creators, professionals, and local businesses to sell their products, offer consultations, professional services, host webinars, and more. Its website showcases a group of sellers who sellers everything, including handmade gifts, home-cooked food, handmade gifts, etc.
The Bengaluru-based food and grocery delivery platform has expanded into multiple verticals - including Pyng (a professional services marketplace), Genie (hyperlocal delivery), Snacc (instant food delivery), and Crew (a travel and lifestyle concierge app).
However, in May, the company suspended Genie operations in several cities citing operational challenges. Swiggy, on the other hand, expanded its 10-minute delivery service, Bolt, to over 500 cities. This points to realignment, investing more heavily in offerings with stronger margins and long-term potential.
Swiggy's Q4FY25 Financials
The food delivery platform reported a net loss of ₹1,081 crore in the March quarter of FY25, up from ₹555 crore in the same period the previous year.
Revenue from operations increased by 44.8 % year-on-year to ₹4,410 crore, compared to ₹3,045.5 crore in the prior year. The company’s EBITDA loss widened to ₹962 crore in Q4 FY25, up from ₹485 crore in the same quarter of the previous year.
Its gross order value (GOV) surged by 40 % year-on-year, reaching ₹12,888 crore. The core food-delivery segment recorded a GOV increase of 17.6 % year-on-year to ₹7,347 crore in the March quarter.
Meanwhile, Swiggy Instamart saw rapid growth, with its GOV rising 101 % year-on-year and 19.5 % quarter-on-quarter to ₹4,670 crore in Q4.
The food-delivery app also saw a significant increase in engagement, with monthly transacting users (MTU) growing 35 % year-on-year to 19.8 million. Additionally, Swiggy’s out-of-home consumption business became profitable, achieving a GOV growth of 42 % year-on-year.
