Post-funding, Hara Global Capital now holds a 13.33% stake in Swish, while Accel India owns 27.24%. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja each retain a 16.38% stake.
By partnering with a curated selection of nearby restaurants, Dash ensures speed and reliability in every order, with plans to expand the service to other cities are already underway.
Thrive had attracted notable investors, including Jubilant Foodworks, which acquired a 35% stake in 2021, and Coca-Cola, which bought a 15% stake in 2023.
Both business and customer dynamics of ONDC are reportedly competing effectively with Swiggy and Zomato in the context of online food delivery business
After the acquisition, Zomato plans to start integrating Blinkit on multiple fronts, to begin with customers and delivery fleets and has also plans to move Blinkit to the Zomato app
Named 'Swiggy Hunger Savior Covid Relief Fund', its expected corpus of INR 10 crore will be created with primary contributions from company founders, senior leaders, employees and investors, as well as donations from customers.
From the lack of transparency in terms of hygiene to uneven taste for similar food items, traditional restaurants have had several points to make about the rise of these steady competitors.
The online food delivery market in India is expected to grow at over 16 per cent annually to over $17 billion by 2023, and the comments from Uber could mean more cut-throat competition
As the food space continues to get disrupted by the likes of Swiggy and Zomato, brands must look at differentiated offerings and focus on pricing to survive