Food delivery stock to watch after it partners with Sulabh International for 100% EV delivery fleet by 2030Food delivery stock to watch after it partners with Sulabh International for 100% EV delivery fleet by 2030

Introduction:

Food delivery stock unveiled major sustainability initiatives, including free sanitation access for delivery partners and a shift to a 100% EV fleet by 2030. It also aims for responsible packaging, food security, waste reduction, and workforce empowerment to drive inclusive and sustainable growth.

Share Price movement of Swiggy:

On March 12, 2025, Swiggy Limited opened at ₹355.95, reaching a high of ₹360.60, up 2.19% from its previous close of ₹352.85, a low of ₹346.45,. The stock is currently trading at ₹349.20, with a market cap of ₹79,710.13 crore.

Swiggy new partnership:

Swiggy announced key sustainability initiatives at the Swiggy Sustainability Summit 2025, including a partnership with Sulabh International to provide free sanitation access for delivery partners across major cities. It also set a goal to transition to a 100% electric vehicle (EV) fleet by 2030.  

The company aims to facilitate 100% responsible packaging for restaurant partners by 2030 and reduce perishable waste by 25% annually through automation. It also plans to support indigenous sourcing, upskill 1 million individuals, and empower 100,000 women in its value chain by 2030.  

Swiggy reaffirmed its commitment to food security by distributing 100 million meals by 2030 through Swiggy Serves and partnering with Robin Hood Army to reduce food waste. Leaders emphasized using technology and innovation for sustainability, inclusive growth, and better support for delivery partners.

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Recent news About Swiggy:

Swiggy reported a ₹7.99 billion loss in Q3 FY24, up from ₹5.74 billion last year, due to heavy investments in quick-commerce. Despite this, revenue surged 31% to ₹39.93 billion, with food delivery up 24% and quick-commerce more than doubling.

Ace investor holding of Swiggy:

Sri Harsha Majety holds 1,10,257,587 shares in Swiggy Ltd., representing a 4.93% stake valued at ₹3,846.3 crore. This is a new holding, reflecting strong confidence in the company’s growth potential, market leadership, and long-term expansion strategy in the food delivery sector.  

Lakshmi Nandan Reddy Obul owns 29,080,866 shares in Swiggy Ltd., holding a 1.30% stake worth ₹1,014.5 crore. This new stake indicates growing interest in the company’s future performance, driven by Swiggy’s expanding ecosystem, technological advancements, and leadership in the on-demand food and grocery delivery market.

Stock performance of Swiggy for Period of 1 week:

Swiggy’s stock showed a slight decline over the past week, dropping 1.58%, reflecting short-term weakness. This indicates minor volatility in its performance, possibly influenced by market conditions, investor sentiment, or recent developments within the company and the broader food delivery sector.

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Shareholding pattern of Swiggy:

All values in %	Dec 2024
FII	6.19
DII	7.75
Retail & others	86.07

About Swiggy:

Swiggy Ltd (NSE:SWIGGY) is India’s leading on-demand food and grocery delivery platform, offering convenience across major cities. With a strong logistics network, tech-driven solutions, and sustainability initiatives, it continues expanding its ecosystem, enhancing customer experience, and driving growth in the evolving online delivery market.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.