| Date | Title | Description |
| 14.11.2024 | Swiggy Shares Tumble Over 5% In Second Trading Session | SUMMARY
Amid a decline in its share prices, Swiggy’s market capitalisation dropped to INR 98,536.45 Cr (about $11.67 Bn)
After months of anticipation, Swiggy made its stock market debut on November 13, with its shares listing at a 8% premiu... |
| 14.11.2024 | Nykaa Appoints Abhijeet Dabas as Executive VP and Business Head of Fashion eCommerce An IIM Calcutta alumnus, Dabas brings a deep understanding of both strategic growth and consumer behavior, having h... | Nykaa, the Indian beauty and fashion eCommerce brand, has announced the appointment of Abhijeet Dabas as Executive Vice President and Business Head of its fashion eCommerce division.
An Indian Institute of Management Calcutta alumnus, Dabas... |
| 13.11.2024 | The Rise of Infrastructure Bonds and Quick Commerce in India | In the bustling landscape of Indian finance, two significant events have recently emerged, each reflecting the dynamic shifts in investment strategies and consumer behavior. Federal Bank's successful issuance of infrastructure bonds and Swi... |
| 13.11.2024 | Swiggy stock rating: Macquarie initiates with bearish view, share price jumps 13% post modest listing | Swiggy shares were listed on the exchanges on November 13.
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Macquarie initiated coverage on Swiggy with a bearish outlook on its listing day, despite sha... |
| 13.11.2024 | JM Financial Initiates ‘Buy’ On Swiggy; Shares Jump Over 14% | SUMMARY
The brokerage firm described Swiggy as India's fastest-growing consumer player and has set a price target of INR 470
This marks a potential upside of 20% from its IPO’s upper price band of INR 390
Swiggy shares started trading at IN... |
| 13.11.2024 | GoKwik Boosts Leadership Team With New Product Executive | SUMMARY
GoKwik has appointed Swiggy executive Sharad Gupta as senior director - products to lead its custom checkout vertical
Gupta brings extensive product experience from his roles at Swiggy, Dineout, and Paytm, where he led various growt... |
| 13.11.2024 | Swiggy Maintains Investor Confidence as Shares List at 8% premium over IPO price As of market close, Swiggy's share price stood at INR 464 on the NSE recording a high and low of INR 465.80 and INR 391... | The much-awaited IPO listing of food delivery platform Swiggy received a moderately positive response after listing at a premium of nearly 8 per cent on the National Stock Exchange (NSE). The stock debuted at Rs 420 per share on the NSE, up... |
| 13.11.2024 | Prosus looks to list Indian payments firm PayU in 2025 | BENGALURU : Dutch technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year, its chief investment officer said on Wednesday, after clocking a $2 billion gain on its investment in another local firm Swi... |
| 13.11.2024 | Nifty slips to 23,700 as broader market corrects, all sectors bleed | Losers included M&M, BPCL, Maruti Suzuki, Hero MotoCorp, and Tata Steel.
Benchmark indices Nifty and Sensex sank to nearly five-month lows since June 25, as a wave of concerns helped bears tighten their grip on the market. The slide mar... |
| 13.11.2024 | Prosus eyes blockbuster 2025 PayU IPO | Technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year, its chief investment officer said on Wednesday, after clocking a US$2-billion gain on its investment in another local firm, Swiggy.
While Pros... |
| 13.11.2024 | Swiggy delivers 17% surge in debut as investors bet on Indian quick commerce | Previous
Managing Director and Group Chief Executive Officer of Swiggy, Sriharsha Majety and Managing Director and CEO of National Stock Exchange of India Ashishkumar Chauhan pose with the statue of the NSE bull ahead of the listing ceremon... |
| 13.11.2024 | Prosus Nets $2 Bn From Total Investment In Swiggy | SUMMARY
Prosus sold shares worth $500 Mn as part of Swiggy's IPO and now holds a 25% stake in the company
Earlier today, Inc42 reported that shares of Swiggy listed at a 8% premium on the NSE. The stock debuted at INR 420 as against its IPO... |
| 13.11.2024 | Prosus to score from Swiggy IPO | Prosus chief investment officer Ervin Tu
Tencent Holdings’ top backer, Naspers-controlled Prosus, said it has made more than US$2-billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake ... |
| 12.11.2024 | Urban gardening company Ugaoo raises ₹47 crores in Series A funding led by V3 Ventures | Urban gardening company Ugaoo has raised ₹47 crores in its Series A funding round led by V3 Ventures. The round also saw participation from existing investors DSG Consumer Partners and RPG Ventures are also participating.
The company plans ... |
| 12.11.2024 | Swiggy’s IPO to deliver ₹9,000 crore in employee wealth for 5,000 employees | Food tech major Swiggy’s IPO is set to unlock wealth to the tune of ₹9000 crore in employee stock ownership plan (Esop) wealth for its current and former employees, making it one of the largest wealth creation exercises of its kind in India... |
| 12.11.2024 | You’re hired! Swiggy adds Flipkart, Amazon executives to cart amid e-commerce push | Sriharsha Majety, Group CEO and co-founder, Swiggy
Food and grocery delivery major Swiggy has been increasingly recruiting executives from e-commerce platforms such as Walmart-owned Flipkart and Amazon, as it looks to foray into more busine... |
| 11.11.2024 | Индийская платформа доставки еды Swiggy провела IPO на сумму $1,3 млрд | Предложение Swiggy, одно из немногих листингов на сумму более $1 млрд в Индии в этом году, привлекло заявки на акции в шесть раз больше, чем те, что были предназначены для иностранцев и местных управляющих деньгами. Розничный транш также бы... |
| 11.11.2024 | CCI Probe: Swiggy, Zomato Say Haven’t Received Any Further Updates | SUMMARY
Food delivery giants Zomato and Swiggy have rejected the recent media reports which said that the companies were found to be in violation of the competition laws in a probe by CCI
The companies, in separate statements, said that the... |
| 11.11.2024 | Manipal Academy of Higher Education, Manipal Successfully Wraps Up its 3 Day Celebration of 32nd Convocation | Manipal, Karnataka, India
Manipal Academy of Higher Education (MAHE), an Institution of Eminence, deemed to be University, one of India's leading research focused educational institution, concluded its 32nd Convocation Ceremony on 10th Nove... |
| 11.11.2024 | Start-ups line up for IPOs amid bullish market, investor demand | Start-ups are eagerly preparing to list on the stock exchanges driven by a thawing funding winter, a shift towards profitability, and growing investor interest. Compared to the US, where companies typically need at least $250-$300 million i... |
| 09.11.2024 | Cashfree Payments Pilots Cross Border Payments | SUMMARY
Fintech startup Cashfree Payments has pilot launched cross border payments in partnership with Swiggy, Zepto, Nature’s Basket, Nykaa, Bookmyshow, Redbus and Vedantu
This pilot programme caters to UPI and RuPay card users, which are ... |
| 08.11.2024 | Niva Bupa Health Insurance IPO sees tepid response on day 2 | Niva Bupa Health Insurance Company Limited’s initial public offering (IPO) witnessed a muted response on its second day, with an overall subscription of 0.71 times as of November 8, 2024, 11.36 AM.
The retail portion of the IPO emerged as t... |
| 08.11.2024 | Swiggy, Zomato Breached Competition Laws, Finds CCI Probe | SUMMARY
CCI has reportedly found that foodtech majors Swiggy and Zomato breached competition laws, with their partnerships favouring select restaurants.
The antitrust body’s probe found that Zomato entered into exclusivity contracts with ce... |
| 08.11.2024 | Swiggy IPO Oversubscribed, Likely to Deliver in the Long Term Swiggy launched its initial public offering (IPO) on November 6, 2024, with an opening price of INR 371-390 per share. | Foodtech major Swiggy's Rs 3,000-crore IPO has been subscribed 3.59 times so far on its last day of the bidding process with Qualified Institutional Buyers leading with a 6.02 times subscription, according to data available on the National ... |
| 08.11.2024 | Swiggy IPO Day 3: Issue Subscribed 95.42% So Far | SUMMARY
According to BSE data, the company received bids for 13.65 Cr shares, as against 16.01 Cr shares on offer for bidding
The employee segment is still leading the way, seeing 1.34X subscriptions, with bids received for 10.05 Lakh share... |
| 08.11.2024 | B’luru Court Bars Swiggy From Alienating ESOPs Of Terminated Executive | SUMMARY
The court restrained Swiggy from alienating 185.454 vested and unexercised stock options and 24 exercised stock options of a former executive till next hearing
Swiggy’s former assistant vice-president Arun Cyril challenged his “unla... |
| 08.11.2024 | Exclusive-India's probe finds Zomato, Swiggy breached antitrust laws, documents show | Previous
FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Phot... |
| 06.11.2024 | Deals in brief: Lenovo’s Leshines gains Saudi backing, Ampd Energy and Ensonic secure funding, Swiggy bags USD 606 million from anchor investors, and more | NewsDeals in brief: Insider raises USD 500 million, UOB FinLab funds ASEAN green tech pilots, six China deals, and more
Written by KrASIA Writers Insider, Capital C, Funding Societies, and more made recent headlines: Insider, a platform red... |
| 06.11.2024 | Swiggy’s IPO: An Opportunity to Invest in the Future of On-Demand Services | Share
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Introduction to Swiggy and Its Evolution
Since its founding in 2014, Swiggy has redefined India’s on-demand delivery landscape. Originally centered on food delivery, Swiggy has broadened its services to include... |
| 06.11.2024 | Swiggy Secures INR 5,085 Cr from Anchor Investors Ahead of IPO Swiggy's IPO opens today for retail and institutional investors, with the company anticipating its listing on the stock exchanges on Nove... | Sriharsha Majety-led Swiggy has secured INR 5,085 crore (approximately USD 605 million) from anchor investors ahead of its much-anticipated USD 1.35 billion IPO.
According to a BSE filing, the pre-IPO funding was sourced from over 75 anchor... |
| 04.11.2024 | All Eyes on Swiggy IPO as it Sets to Open for Subscription on November 6 According to stock market observers, Swiggy on Monday, commanded a grey market premium of INR 22 per share, indicating that its... | As Swiggy is all set to open its initial public offering (IPO) this week on Wednesday, November 6, all eyes are on the food delivery startup. The choppy markets are further adding to the fervour. While the BSE Sensex plunged over 940 points... |
| 04.11.2024 | Quick Commerce Dark Stores Drive Real Estate Demand
Kirby Building Systems achieves 100,000 MT annual capacity
AAI seeks import duty hike, aims Rs 3 trillion aluminium investment
NTPC Green Energy sec... | Real Estate Quick Commerce Dark Stores Drive Real Estate Demand
04 Nov 2024 2 Min Read CW Team
The rapid growth of quick commerce—the delivery model focused on ultra-fast delivery times, particularly in urban areas—has led to an increasing ... |
| 04.11.2024 | magicpin Cuts Platform Fee By 29% To Drive Growth In Daily Orders | SUMMARY
Magicpin reduced platform fee to INR 5 from INR 7, while competitors Zomato and Swiggy increased their charges to INR 10
The company recorded 500K food orders during the festive weekend, doubling its year-on-year numbers, and proces... |
| 31.10.2024 | Swiggy's IPO: A Culinary Journey to the Stock Market | Swiggy is ready to take a giant leap. The Indian food delivery giant is set to launch its initial public offering (IPO) on November 6, 2024. This move is more than just a financial maneuver; it’s a bold statement in the bustling marketplace... |
| 31.10.2024 | Brigade Hotel Ventures files for ₹900 crore IPO | Brigade Hotel Ventures, a subsidiary of Brigade Enterprises, has filed a draft prospectus to raise ₹900 crore in an initial public offer through a fresh issue of shares.
The company has a portfolio of 9 operating hotels in Bengaluru, Chenna... |
| 30.10.2024 | [Update] Swiggy Sets IPO Price Band At INR 371-390 | SUMMARY
Swiggy has reportedly set the price band of its upcoming initial public offering (IPO) at INR 371-390.
At the upper end of the price band, the company will be valued at $11.3 Bn.
Earlier, it was reported that the company’s IPO would... |
| 30.10.2024 | Swiggy Instamart Glitches A Week Before Going Public | SUMMARY
The app came back online around 12.15 AM on October 30 and, at the time of publishing the story, was accepting orders
A Swiggy delivery executive Inc42 spoke with said that they were facing troubles “scanning their orders” and accep... |
| 30.10.2024 | Swiggy Set to Launch IPO on November 6, 2024, with Price Band of INR 371 to INR 390 per Share Swiggy has established a price band of INR 371 to INR 390 per equity share, with bids to be made for a min... | Swiggy, India's leading online food delivery and services platform, has announced its much-anticipated initial public offering (IPO) to open on Wednesday, November 6, 2024. The IPO bidding will close on Friday, November 8, 2024, with the An... |
| 29.10.2024 | Swiggy likely to price $1.35 billion IPO at ₹371-390 per share, sources say | Swiggy will likely price its $1.35 billion domestic initial public offering, which opens next week, at 371-390 rupees per share ($4.41-$4.64), sources with direct knowledge of the matter told Reuters.
The IPO will open for subscription from... |
| 28.10.2024 | Jayanti Chauhan Bets Big On Bisleri With Tech, Sports & Gen Z Bisleri is deepening its presence in districts that have high per capita income and is tapping the potential of the travel clusters. F... | In 50 years, Bisleri traversed the world, from a spring in Italy named Angelica to the remotest homes of India. Through these years, the brand has become synonymous with bottled drinking water in the country. Despite the presence of a huge ... |
| 28.10.2024 | Tata’s Neu Looks To Ride The Quick Commerce Wave | SUMMARY
The Tata group’s ecommerce venture, Neu, is reportedly launching "Neu Flash" in the quick commerce segment, for select users with offerings in groceries, electronics and fashion
As per an ET report, Neu Flash will rely on ... |
| 27.10.2024 | Swiggy IPO valuation at $11.2 billion; BlackRock, CPPIB, SBI MF, others subscribe to anchor book | ETtech
Food and grocery delivery firm Swiggy’s initial public offering (IPO) will value the Bengaluru-based company at $11.2 billion, just a tad bit higher than its last round more than two years ago, as per people in the know.
( Originally... |
| 26.10.2024 | Swiggy IPO To Open On Nov 6, Value The Company At $11.3 Bn | SUMMARY
The total size of the issue, including the offer for sale, will be INR 11,700 Cr to INR 11,800 Cr
Swiggy has cut its valuation target sharply and is now seeking a valuation of $11.3 Bn, slightly higher than its last private valuatio... |
| 25.10.2024 | IPO-bound Swiggy launches feature to let people living abroad order food for loved ones in India | IPO-bound Swiggy on Friday announced the launch of its 'International Login' feature that allows people living abroad, including the US, Canada, Germany and the UK to order food for their loved ones in India.
The permanent feature allows th... |
| 24.10.2024 | Swiggy Launches ‘Seal’ Programme To Boost Food Hygiene Standards | SUMMARY
The ‘Seal’ programme, which is currently live in Pune, will be gradually scaled up during November to cover over 650 cities across India
Through this initiative, Swiggy will provide verified customer feedback to restaurant partners,... |
| 24.10.2024 | Swiggy Cuts IPO Valuation Target To $13.5 Bn | SUMMARY
Swiggy has cut the valuation target for the company for its upcoming IPO to $12.5 Bn to $13.5 Bn
The company was initially said to be eyeing a valuation of $15 Bn but decided to cut it due to market volatility and the ongoing correc... |
| 23.10.2024 | The Rise of Instant Food: Yu and Zomato Lead the Charge in India’s Food Revolution | In the bustling world of food and beverage, two brands are carving their names into the fabric of Indian consumer culture: Yu and Zomato. Both companies are not just surviving; they are thriving. They embody the spirit of innovation and ada... |
| 23.10.2024 | After Zomato, Swiggy Hikes Platform Fee To INR 10 Per Order | SUMMARY
Swiggy raised its platform fee from INR 7 to INR 10 per order on its food delivery service
The increase comes a day after Zomato also hiked its platform fee
This marks Swiggy's latest revenue optimisation move ahead of its planned I... |
| 22.10.2024 | CCPA Sends Notices To 11 Ecommerce, Quick Commerce Companies | SUMMARY
The consumer watchdog sent the notice reportedly after taking cognisance of complaints related to alleged violations of the mandatory declaration rules under the Legal Metrology Act.
Swiggy Instamart, MyGlamm, and Snapdeal are among... |
| 22.10.2024 | Elevation Capital announces promotions: Vaas Bhaskar and Chirag Chadha become partners | Early-stage VC firm, Elevation Capital has announced the promotions of Vaas Bhaskar and Chirag Chadha to Partners, and Ashray Iyengar to Principal partner.
The newly promoted partners will join the existing network of partners which include... |
| 20.10.2024 | Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto | Previous
FILE PHOTO: Zepto logo is seen displayed in this illustration taken May 2, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Gig workers prepare to deliver orders outside Swiggy's grocery warehouse at a market area in Ne... |
| 18.10.2024 | Instant Food Brand Yu Raises INR 55 Cr in Series B Funding to Accelerate Growth With the raised funds, the consumer food brand aims to expand its distribution channels and strengthen its product offer... | Yu, an instant food and beverage products maker, has raised INR 55 crore in its Series B funding round, led by returning investors Ashish Kacholia and the Asian Paints Promoter Group, represented by Manish Choksi and Varun Vakil.
This fundi... |
| 17.10.2024 | Zepto eyes $100-150 million fundraise in discussions with Indian family offices like Motilal Oswal | Quick commerce company Zepto is raising $100-150 million from Motilal Oswal, domestic families and other high net-worth individuals (HNIs), at a pre-investment valuation of $5 billion, according to sources close to the development.
Motilal ... |
| 16.10.2024 | Licious Expands Its Reach: A Strategic Acquisition in the Meat Market | In the bustling world of food startups, Licious is carving out a significant niche. The company, known for its direct-to-consumer meat and seafood offerings, has made headlines with its recent acquisition of My Chicken and More, a Bengaluru... |
| 16.10.2024 | Licious narrows FY24 losses by 44%, revenue down to ₹685 crore | Delightful Gourmet, which owns the direct-to-consumer (D2C) meat and seafood brand Licious, reduced its losses by 44 per cent to ₹293.77 crore in FY24 from ₹524.18 crore in FY23. The revenue from operations stood at ₹685.05 crore down from ... |
| 16.10.2024 | Licious Says FY24 Loss Down 44% YoY To INR 294 Cr | SUMMARY
Licious claimed that its loss declined 44% to INR 293.77 Cr in the financial year 2023-24 (FY24) from INR 528.5 Cr in the previous fiscal year
The startup's revenue also declined 8.4% to INR 685.05 Cr during the year under review fr... |
| 16.10.2024 | Dining out, quick commerce operations suffer disruptions due to heavy rainfall in Bengaluru | Food delivery operations, dining out and quick commerce services were partly disrupted in Bengaluru due to heavy rainfall.
Major quick commerce platforms including BigBasket, Zepto, Swiggy’s Instamart, and Blinkit operations were partially ... |
| 14.10.2024 | Еда ушла с кухни в интернет | - |
| 14.10.2024 | Licious acquires offline retailers My Chicken and More as it deepens its omnichannel presence | Meat and seafood startup Licious has acquired Bengaluru-based offline retailer My Chicken and More in a cash and equity deal.
With this acquisition, Licious looks to strengthen its omnichannel presence in Bengaluru, one of Licious’ biggest ... |
| 12.10.2024 | BlackRock, GIC to invest in Hyundai Motor India IPO | BlackRock Inc, Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd’s $3.3 billion initial public offering, according to people familiar with the matter.
Bai... |
| 12.10.2024 | Swiggy’s Sriharsha Majety, Investors Sold Shares Worth INR 670 Cr Ahead Of IPO | SUMMARY
Leading up to filing its updated DRHP, Swiggy CEO Sriharsha Majety sold secondary shares worth INR 23 Cr to Torroz Fintech
Torroz Fintech's website, the company offers curated investment opportunities in diverse financial securities... |
| 09.10.2024 | Swiggy Allots ESOPs Worth INR 1,748 Cr To Founder Sriharsha Majety Pre-IPO | SUMMARY
The company allotted 48.56 Mn shares to Majety as part of its Swiggy Employee Stock Option Plan 2024
Besides the CEO, the company granted 85.35 Mn ESOPs worth over INR 3,072 Cr (over $365.9 Mn) under ESOP 2024 scheme
Rahul Bothra, M... |
| 09.10.2024 | Reliance Retail Enters Quick Commerce Market, Set to Challenge Blinkit, Swiggy Instamart, and BigBasket In an effort to disrupt the rapid commerce industry, Reliance has already started testing pilot ... | Reliance Retail is making a strategic move into India's fast-growing quick commerce market, setting the stage for intensified competition with established players like Zomato-owned Blinkit, Swiggy Instamart, and BigBasket.
The retail brand ... |
| 09.10.2024 | Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO Other key leaders, including co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart hea... | IPO-bound food-tech brand Swiggy has granted employee stock ownership plans (ESOPs) worth USD 270 million (approximately INR 2,240 crore) to its co-founder and group CEO, Sriharsha Majety, along with other top executives, as revealed in the... |
| 09.10.2024 | Nykaa Pilots 10-Minute Deliveries In Mumbai To Fight Quick Commerce Onslaught | SUMMARY
Nykaa has launched a 10-minute delivery pilot in select parts of Mumbai covering 5% of its SKU base
In September, Nykaa had stated its intention to accelerate next-day and same-day deliveries to cater to the growing demand for quick... |
| 08.10.2024 | Zomato Shares Rally Over 4% As HSBC Raises Target To INR 330 | SUMMARY
Shares of Zomato climbed over 4% after brokerage HSBC reaffirmed its ‘buy’ call on the stock, citing the company’s lead over Swiggy in terms of both growth and profitability across food delivery and quick commerce businesses
The sto... |
| 08.10.2024 | Ola, Uber, Porter Score Zero Points On Fairwork’s Rating For Gig Workers | SUMMARY
BigBasket, Swiggy, Zomato, and Urban Company were the top scorers, getting six points each from the maximum 10 points
Interestingly, Ola and Porter failed to open their accounts in the previous edition of the rankings as well
‘Fairw... |
| 08.10.2024 | Top Companies Underperform on Fair Labour Standards for Gig Workers: Report This year, Fairwork evaluated 11 platforms in India including Amazon Flex, bigbasket, BluSmart, Flipkart, Ola, Porter, Swigg... | Gig workers are in the news after Zomato founder and CEO Deepinder Goyal said in a post on X (formerly Twitter) that he had posed as a delivery executive and was denied entry at a mall in Gurugram. He said that mall staff had asked him to t... |
| 08.10.2024 | Ola, Uber rank lowest In Fairwork’s ratings for gig workers | Amazon Flex, Flipkart, Porter, Uber, Ola and others emerged as key under-performers, failing to meet basic criteria for fair pay, contract transparency, and worker representation for gig workers, according to Fairwork India Report 2024.
The... |
| 07.10.2024 | ZOIL, India's First Cooked Zero Oil Cloud Kitchen for North Indian Cuisine Launches in Gurugram | Gurugram, Haryana, India
ZOIL, a pioneering cloud kitchen, has launched in Gurugram with a mission to provide heart healthy food options. Focusing on the benefits of zero-oil meals, ZOIL offers a menu designed for those seeking nutritious a... |
| 07.10.2024 | After Deepinder Goyal’s Exit, Snapdeal & Titan Capital’s Kunal Bahl Joins Shark Tank India | SUMMARY
Kunal Bahl cofounded Snapdeal in 2010 and venture capital firm Titan Capital in 2015, along with Rohit Bansal. He is also the promoter of recently listed SaaS startup Unicommerce
Last week, it was reported that Zomato CEO Deepinder ... |
| 06.10.2024 | Zomato’s Deepinder Goyal Out Of Shark Tank India As Rival Swiggy Set To Sponsor The Show | SUMMARY
Zomato CEO Deepinder Goyal said that Swiggy, which will be sponsoring the next season of Shark Tank India, has sought his removal from the show
Swiggy, in its sponsorship negotiations, has stipulated that Goyal should not be part of... |
| 05.10.2024 | Swiggy to sponsor Shark Tank Season 4, excludes Zomato founder Deepinder Goyal as part of deal | Deepinder Goyal, who made his debut as a Shark on season 3, earned praise from viewers for his sharp questions and candid observations
IPO-bound food and grocery platform Swiggy is close to finalizing a deal to sponsor the fourth season of ... |
| 05.10.2024 | IPO-bound Swiggy launches 10-minute food delivery service Bolt | IPO-bound food tech platform Swiggy on Friday announced the launch of its 10-minute meals and beverages delivery service Bolt.
Also read: Swiggy has spawned 46 start-ups worth over ₹6,277 crore
It is already operational in key locations acr... |
| 05.10.2024 | IPO-bound Swiggy launches 'XL' fleet to cater to bulk orders | IPO-bound food tech platform Swiggy on Saturday formally launched its bulk order 'XL' fleet to serve large orders in one go.
The launch comes hours after Swiggy announced it has started a 10-minute meals and beverages delivery service 'Bolt... |
| 05.10.2024 | Now, Swiggy Rolls Out Electric Fleet For Larger Orders In Gurugram | SUMMARY
Swiggy launches a bulk order service called Swiggy XL EV fleet in Gurugram on the day of Haryana elections
The company confirmed that the Swiggy XL EV fleet will be extended to new cities in the coming weeks
This comes at the heels ... |
| 04.10.2024 | IPO-bound Swiggy launches 10-minute food delivery with Bolt | Rohit Kapoor, CEO of Swiggy’s Food Marketplace, shared the news on LinkedIn, stating,, “Iconic food brands have been built on the axis of time, taste and convenience. And today a few cities will enjoy the first trial of a unique (and hopefu... |
| 04.10.2024 | IPO-Bound Swiggy Pilots Concierge Subscription For Premium Customers | SUMMARY
Swiggy is piloting a high-priced concierge membership called the Rare Club, which offers its premium subscribers with access to exclusive high-end experiences and events
Rare Club is working on to have a yearly membership fee, start... |
| 04.10.2024 | Swiggy Launches 10-Minute Food Delivery Service Bolt | SUMMARY
Swiggy Bolt is currently operational in six cities – Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune
Rohit Kapoor, CEO of Swiggy’s food marketplace, said the company is eyeing a pan-India roll out of the service in the near f... |
| 01.10.2024 | Ahead Of Festive Season, Swiggy Instamart Launches 24X7 Delivery Service In Delhi NCR | SUMMARY
The 24X7 service will be available in the national capital as well as nearby satellite towns of Gurugram and Noida
The new offering from Swiggy’s stable comes weeks after Flipkart’s new quick commerce arm debuted in Delhi with free ... |
| 01.10.2024 | SEBI Approves Hyundai, Swiggy, Vishal Mega Mart, Others to Hit Bourses According to a recent update from the market regulator, Vishal Mega Mart, Swiggy, ACME Solar Holdings, Mamata Machinery, and Hyun... | Capital markets regulator Securities and Exchange Board of India (SEBI) has issued approvals to five major companies to raise funds through the initial public offering route.
According to a recent update from the market regulator, Vishal Me... |
| 01.10.2024 | Nutrition brand Upnourish acquired by Pluckk for $1.4 M | For $1.4 million, the fresh fruit and vegetable platform Pluckk purchased the nutrition brand Upnourish.
It will be able to broaden its product offerings and concentrate on the development of a new nutrition-focused vertical thanks to this ... |
| 28.09.2024 | Swiggy’s DRHP: A Look At The Startup’s Shareholding Pattern & Top Guns | SUMMARY
MIH India Food Holdings B.V., a subsidiary of Naspers, is the largest shareholder with a 30.95% stake in Swiggy
SVF II SONGBIRD (DE) LLC which is a part of SoftBank Vision Fund II, is the second biggest shareholder with a 7.75% stak... |
| 28.09.2024 | IPO-Bound Swiggy Facing INR 327 Cr GST Demand, Allegations Of Employing Child Labourers | SUMMARY
Swiggy faces potential GST liabilities to the tune of INR 326.7 Cr from DGGI, Pune for allegedly not paying the tax levy on the delivery fee collected from customers
Cofounder and CEO Sriharsha Majety received a notice last year fro... |
| 27.09.2024 | Swiggy DRHP: Revenue Crosses INR 10,000 Cr Mark In FY24, Loss Almost Halves | SUMMARY
Swiggy incurred a net loss of INR 2,350 Cr in FY24 as against a loss of INR 4,179.3 Cr in the previous year
Operating revenue zoomed 36% to INR 11,247.3 Cr from INR 8,264.5 Cr in FY23
The startup’s EBITDA margin improved to -16.2% i... |
| 27.09.2024 | Swiggy Announces Plans for Landmark IPO with ₹10,000 Crore Issue The fresh issue and the OFS component will bring the company's IPO to INR 10,414 crore. | Food delivery platform Swiggy announced its plans to go public with its Initial Public Offering (IPO) in what looks to be one of the biggest listings in the current market debut boom in India and is proposed to be listed on BSE Limited and ... |
| 27.09.2024 | Restaurants must find ways to cut costs for their delivery partners: Zomato’s Rakesh Ranjan | In recent years, online delivery platforms have emerged as transformative forces within the restaurant industry, reshaping how food is ordered and delivered. However, alongside these advancements, concerns have been raised by the National R... |
| 27.09.2024 | Now, a fashion upgrade is just 10 minutes away | Heading out for a run, but your running shoe is damaged? In ten minutes, you could get a new one. After conquering grocery and daily needs, quick commerce players are rapidly stitching up deals in new categories. The fashion and lifestyle s... |
| 26.09.2024 | Swiggy files IPO papers, to raise Rs 3,750 crore via fresh issue | Swiggy IPO
Swiggy, the food and grocery delivery platform, has filed draft papers with the capital markets regulator SEBI to raise funds via an initial public offering. This would be the second company in the food delivery segment (after Zo... |
| 26.09.2024 | Swiggy files for $1.25 billion IPO in India's booming stock market | NEW DELHI/BENGALURU :SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India's biggest l... |
| 26.09.2024 | Swiggy files for $1.25 billion India IPO | NEW DELHI/BENGALURU : SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India's biggest ... |
| 26.09.2024 | Domestic Investors Now Turning To Unlisted Startups: Shiprocket’s Vishesh Khurana | SUMMARY
A host of domestic investors are now looking to back unlisted startups, especially when some of the listed firms scored strong performance in the last 3-4 years, according to logistics unicorn Shiprocket's cofounder Vishesh Khurana.... |
| 26.09.2024 | Qapitol QA Releases Q2 Update for its State of the Industry Report on Quality Engineering in Tech-funded Startups for FY24 | Bengaluru, Karnataka, India
Qapitol QA, a leader in digital quality assurance and quality engineering solutions, has released the much-anticipated Q2 2024 edition of its industry report titled "State of the Industry Report on Quality E... |
| 26.09.2024 | Peak XV’s Surge led $3.5 M Seed funding raised by The Health Factory | In its seed round, which was spearheaded by Peak XV’s scale-up program for early-stage startups, Surge, high-protein, high-nutrient bread the Health Factory had raised $3.5 million. The other participants in the round are Kartik Mehta, Suni... |
| 24.09.2024 | Blue collar recruitment platform Vahan raised $10 M Series B funding | Khosla Ventures led the $10 million Series B funding round for the blue collar recruitment platform Vahan.ai. Y Combinator, the US venture capital firm Gaingels, and Paytm founder Vijay Shekhar Sharma also took part in the round.
The Bengal... |
| 24.09.2024 | Oister Global, Tribe Capital India partner to launch $500 million fund for secondary market investments | Gurugram-based investment firm Oister Global and the growth equity and private equity Indian arm of Tribe Capital--Tribe Capital India to launch a new fund focused on secondary transactions.
This fund is expected to make investments amounti... |
| 24.09.2024 | Swiggy Gets SEBI Nod For IPO, Eyes Listing In November | SUMMARY
Following the nod, the startup will now file two updated DRHPs – one addressing SEBI's comments on its confidential DRHP and another seeking public comments
While the final decision is yet to be taken, the startup is likely to launc... |
| 23.09.2024 | Swiggy's IPO: A Culinary Leap into the Stock Market | Swiggy is stirring the pot. The food delivery giant is gearing up for a significant IPO, aiming to raise Rs 5,000 crore, roughly $602 million. This move marks a pivotal moment for the Bengaluru-based company, which has been a staple in the ... |
| 23.09.2024 | Food delivery and quick commerce company Swiggy to raise Rs 5,000 Cr via fresh issue | As part of its initial public offering (IPO), food delivery and quick commerce company Swiggy plans to raise Rs 5,000 crore ($602 million) through a new issue. With plans to seek board approval for the offer for sale (OFS) in the first week... |
| 23.09.2024 | Rapido raised $200 M Series E funding at $1.1 B valuation | WestBridge Capital led the $200 million Series E funding round for the ride-hailing app Rapido. Think Investments, Nexus Venture Partners, and Invus Group were also involved in the round.
The other three investors provided the remaining fun... |
