Swiggy Food CEO Rohit Kapoor sees Bolt as core future offering

Bengaluru-based Swiggy is betting on its 10-minute food delivery service Bolt to drive growth and market share for the vertical that contributes the most revenue and profitability to its overall financials.This comes at a time when its rival, Zomato, has shut down its similar service Quick, while it doubles down on Bistro – the in-house rapid food delivery brand being built under Blinkit.

At its March quarter earnings briefing, Swiggy said Bolt was contributing 12% to its overall food delivery volumes. Under the Bolt offering, Swiggy aggregates…