Business News
Swiggy Exits 15-Minute Delivery Space with Snacc Closure
Initially rolled out in Bengaluru, the service later expanded to Gurugram and Noida.
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Business News
Prosus to Pick Up 10.1% Stake in ixigo Parent for INR 1,296 Cr
The newly raised capital will be used to support organic growth, fund acquisitions, and strengthen working capital and general corporate activities.
Business News
Swiggy Exits Rapido Investment; Prosus and WestBridge Take Over Stake
Deal valued at INR 2,399.5 crore delivers over 2.3 times return on Swiggy's original investment.
Business News
India Adds 11 New Unicorns in 2025, Ai.tech Becomes Fastest to Hit USD 1.5 Bn: Report
Peak XV leads unicorn investments; Zepto's 22-year-olds are the youngest founders.
Business News
Swiggy Grants INR 150 Cr in Fresh ESOPs to Employees
According to filings with the National Stock Exchange (NSE), the company has allotted 38.86 lakh stock options under its ESOP 2024 scheme.
Business News
Chai Bisket Raises USD 5 Mn Led by InfoEdge Ventures & General Catalyst to Launch Chai Shots
The seed round also drew backing from a stellar list of angel investors, including actor and entrepreneur Rana Daggubati, Swiggy co-founders Sri Harsha Majety and Nandan Reddy, redBus founder Phanindra Sama, Darwinbox's Rohit Chennamaneni, PhysicsWallah's Alakh Pandey and Prateek, Rapido's founding team, and Virgio's Amar Nagaram.
Business News
Elevation Capital Sells Stake in Ixigo Worth INR 97.4 Cr
Previously, Elevation had also sold INR 100 crore worth of shares in a pre-IPO deal, and another INR 181 crore during the IPO through an offer-for-sale.
Business News
Swiggy Unveils ‘Drops’: A Limited-Edition Culinary Experience for Food Lovers
The 'Drops' initiative debuts with gourmet creations from celebrated names such as Le15 Patisserie by Pooja Dhingra, Smash Guys by AB Gupta, Aubree, Ciclo Café, Louis Burger, Good Flippin's Burgers, TwentySeven Bakehouse, and Espressos AnyDay.
Business News
Swiggy Shuts Down Genie to Focus on Core Services
Launched in April 2020, Swiggy Genie allowed users to send packages or pick up items within the city, competing with services like Uber Package, Porter, and Rapido.
Business News
Swiggy Allots Equity Shares Worth INR 124.94 Cr Under ESOP Plan
Based on Swiggy's opening share price of INR 344.80, the total value of this latest allotment stands at approximately INR 124.94 crore.
Business News
Swiggy Grants Fresh ESOPs Worth INR 443.4 Cr to Employees Under 2024 Plan
Each of these stock options is convertible into equity shares.
Business News
Swiggy Board Sees Exit of Independent Director Sahil Barua, CEO of Delhivery
The decision comes as Barua finds himself unable to devote adequate time to board responsibilities amid growing demands at Delhivery.
Business News
Swiggy Instamart Announces 10-Minute Smartphone Delivery Across 10 Major Cities
The company in a statement said that consumers across the cities mentioned can purchase smartphones from brands such as Samsung, Apple, OnePlus, and Redmi.
Business News
Nuuk Secures USD 5 Mn in Series A Funding to Revolutionise Home Appliances for Young Consumers
The fresh funds will enable Nuuk to expand its product portfolio, covering home environment solutions, vacuum cleaners, and meal preparation appliances. The company also plans to venture into smart IoT devices and high-performance home solutions.
Business News
The Whole Truth Foods Secures $15M in Series C Funding
Angel investors, including Nithin Kamath (Zerodha), Sriharsha Majety (Swiggy), and Jaydeep Burman (Rebel Foods), who had previously shown faith in the company, further reinforced its strong market position.
Business News
Swiggy Reports Higher Than Estimated Q3 Losses, Stock Dips 2.5% on BSE
Delivery platform Swiggy's shares continued to dip for the fourth consecutive day, as investors are selling their stock after recognizing the company's higher-than-estimated Q3 EBITDA losses. Swiggy's stock fell 2.5 per cent to INR 379.20 on BSE.
Business News
Captain Fresh Secures INR 250 Cr in Pre-IPO Round Led by Existing Investors
Accel, Tiger Global Management, Prosus Ventures, Z47 (formerly Matrix Partners India), Evolvence Group, and British International Investment are some of its prominent investors.
Business News
India’s Quick Commerce Landscape to Transform with 5,000+ Dark Stores by FY26: Report
By 2027–28, dark stores are projected to achieve a gross order value of $35 billion to $40 billion.
Business News
India’s Tech IPO Market Booms in 2024 with Swiggy’s USD 1.34 Billion Debut and Zomato’s Sensex Milestone: Report
Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's shift toward sustainability. Inclusivity also shone through, with 19 unicorns led by women founders, showcasing the evolving entrepreneurial landscape.
Business News
Swiggy’s Snacc App Redefines Food Delivery with Quick, No-Fee Options
Operating in select Bengaluru pin codes near Swiggy's headquarters, Snacc is available from 7 AM to 1 AM and offers breakfast, meals, beverages, and snacks.
Business News
Year in Review: The Best Funded Startups of 2024
Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and unlocking new opportunities for market expansion and development.
Business News
Zomato and Swiggy Founders Shine in IDFC FIRST & Hurun India’s Top 200 Entrepreneurs of the Millennia
DMart founder Radhakishan Damani topped the list, while Zerodha founders Nithin and Nikhil Kamath secured the eighth position.
Business News
Ex-Swiggy CTO and Former Kotak VP Unite to Empower Individual Traders with Sahi
Sahi offers proprietary trading tools with in-house charts, AI-driven insights, visual risk management, integrated market data, and a customisable interface, empowering traders with secure, reliable, and personalised trading experiences.
Business News
$265 Billion by 2033: India’s Online Food Delivery Market
The Indian online food delivery ecosystem is fiercely competitive, dominated by key players such as Zomato, Swiggy, Jubilant FoodWorks Ltd. (Domino's Pizza), Yum! Brands Inc. (KFC, Pizza Hut), and McDonald's.
Business News
Shweta Rajpal Kohli Launches Startup Policy Forum to Boost Startup Ecosystem
SPF aims to bridge the gap between founders, policymakers, and regulators to bolster India's innovative economy.
Business News
Swiggy Reports Appetizing Q2, Revenues Up 11.7% at INR 36.1 billion
Brokerage firm Motilal Oswal said in a post-earnings report that Swiggy's growth was faster than the category average set by Zomato over the medium term in the food delivery sector.
Business News
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 held key roles across major tech and e-commerce companies including McKinsey & Company, Cars24, Swiggy, Myntra, and Lazada.