Swiggy 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%.
