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Swiggy pulls plug on Snacc as 15-minute food bet fails to scaleSwiggy shut down Snacc, its 15-minute food app which was meant to deliver home-style, unbranded meals, due to losses. Staff will move to other roles as Swiggy focuses on core services and financial health. Shares of Swiggy ended today's trade 2.3% lower at ₹326.20 on the NSE. On a YTD basis, shares have given a negative return of 16.5%.By Shilpa Ranipeta   |  Bhupendra Paintola  February 19, 2026, 6:34:49 PM IST (Published)3 Min ReadListed foodtech major Swiggy has pulled the plug on its standalone 15-minute food delivery app Snacc, less than a year after its launch, as it struggles to scale the business.

The move is part of a broader plan to prioritise offerings with stronger long-term potential. In an internal mail, the company said, “Product-market fit was emerging, but the broader economics made it challenging to scale. We want to concentrate our energies on innovation that drives stronger long-term potential.”

It added that Snacc employees will be absorbed into other verticals with transition support.

Launched in January 2025, Snacc operated as a dedicated app delivering home-style, unbranded meals from Swiggy-run micro-kitchens and dark stores in Bengaluru and Gurugram. The service was positioned against quick commerce rivals such as Zepto’s Zepto Cafe and Blinkit’s Bistro.

Snacc was rolled out alongside Bolt, a 15-minute restaurant delivery feature embedded within the main Swiggy app. Bolt, launched in October 2024, focuses on restaurants within a 2 km radius, contributing about 10% of overall orders. Beyond this, Swiggy had expanded into experiments such as 99store, Toing and services marketplace Pyng, the latter having shut down within months of being launched.

Referring to Snacc and Toing, Swiggy said in its Q3 shareholder letter that both are experiments built on a different chassis than its core food delivery engine.

"The primary intent of our experimentation is to open up the food delivery market further, even if it means challenging existing paradigms and business models. While Toing works with restaurants and Snacc through micro-kitchens, both try to deliver cheaper or functional meals to the customer," Swiggy had said.

The rationalisation comes amid mounting losses. Swiggy’s consolidated net loss widened 33% year-on-year to ₹1,065 crore in Q3FY26, even as operating revenue rose 54% to ₹6,148 crore. Instamart’s losses increased 50% to ₹791 crore despite a 76% jump in revenue to ₹1,016 crore.

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Its platform innovations segment, which housed ventures like Snacc, saw revenue shrink 59% YoY to ₹9 crore, while losses quadrupled to ₹40 crore — underscoring the strain from non-core bets.

To shore up its balance sheet, Swiggy recently raised ₹10,000 crore via a QIP, which was oversubscribed 4.5 times. The company reported a cash balance of ₹4,605 crore and expects another ₹2,400 crore from a stake sale in Rapido, potentially taking total reserves to about ₹17,000 crore.

The retrenchment comes as quick commerce players intensify their cash deployment. Blinkit’s parent Eternal, with reported reserves of ₹18,000 crore, infused ₹600 crore into Blinkit in November, taking its 2025 capital support to ₹2,600 crore. Zepto, meanwhile, has secured $900 million (about ₹7,400 crore) in liquidity after a $450-million fundraise in October.

As the 10-minute delivery race accelerates, Swiggy appears to be trimming peripheral bets and doubling down on scale-led verticals.

Shares of Swiggy ended today's trade 2.3% lower at ₹326.20 on the NSE. On a YTD basis, shares have given a negative return of 16.5%.

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Swiggy, which was listed at ₹420 in 2024, saw significant volatility across 2025, scaling a 52-week high of ₹617.3 earlier in the year, before correcting sharply due to widening losses and competitive pressures.Continue Reading(Edited by : Shoma Bhattacharjee)Tagsswiggy