Business News
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 November 13.
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Business News
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 Hyundai Motor India have all received the necessary approvals from SEBI to go public.
Business News
BizDateUp Founders Jeet Chandan and Meet Jain Acquire Stake in Swiggy During Pre-IPO Round
The investment in Swiggy was made through a strategic off-market secondary deal, attracting high-profile investors including cricketers Rahul Dravid and Zaheer Khan, tennis player Rohan Bopanna, and filmmaker Karan Johar, alongside other notable celebrities.
Business News
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.
Business News
Quick Commerce Companies Celebrated Raksha Bandhan With Record High Sales
Quick commerce companies enjoyed Raksha Bandhan with highest ever sales in one day
Business News
Amazon Goes Shopping For Swiggy’s Instamart: Report
Amazon has approached Swiggy to buy its Instamart segment, as per report
Business News
Fancy a Drink? Swiggy, Zomato, Blinkit and BigBasket May Soon Be Able to Quench Your Thirst For Liquor
Online food and grocery delivery platforms, Swiggy, Zomato, Blinkit and BigBasket could potentially deliver alcohol in the near future
Business News
PV Sindhu Joins Wellness Brand Hoop as Investor and Brand Ambassador
This partnership aims to propel Hoop towards becoming India's most loved wellness brand.
Business News
Baron Capital Raises the Valuation of Swiggy to USD 15.1 Bn
Baron Capital invested in Swiggy when the company raised USD 700 million, valued at USD 10.7 billion.
Business News
Curiosity into Creativity Translator: Aditya Sanghavi
Founded in 2015 by Aditya Sanghavi, the Mumbai-based startup claims to retail in over 5,000 stores across the country through distributors and works with a few supermarket chains.
Business News
Norwest Venture Partners Announces its 17th Fund Close at USD 3 Bn
The new fund aims to support multi-stage investments across the enterprise, consumer, and healthcare sectors.
Business News
US-Based Invesco Cuts Swiggy’s Valuation To $5.5 Billion
According to reports, Swiggy's valuation has been lowered by 48.6% from January last year, putting it behind its listed peer, Zomato, which had a market capitalization of around $6.9 billion on May 8
By Teena Jose
Business News
ONDC Emerges As a Strong Competitor For Online Food Delivery Majors
Both business and customer dynamics of ONDC are reportedly competing effectively with Swiggy and Zomato in the context of online food delivery business
By Teena Jose
Business News
Swiggy Shuts Down Premium Grocery Unit Handpicked
Swiggy reportedly confirmed the development and also revealed that no jobs have been impacted so far from the move
By Teena Jose
Business News
Swiggy And Zomato Among World’s Top 10 Online Food Delivery System: Report
China's Meituan has been ranked first followed by UK giant Deliveroo
By Teena Jose
Business News
Infosys Warns Employees Against Moonlighting
The company stated that any violation will lead to disciplinary action that could include termination of employment
By Teena Jose
Business News
Moonlighting Is Plain And Simple Cheating, Says Wipro Chairman Rishad Premji
The moonlighting allows the employees to take up an alternative job beside their primary work
By Teena Jose
Business News
India’s 5 Most Valued Startups of 2021: Valuation, Funding, Industry
On World Entrepreneurs' Day 2021, let's take a look at India's most valued startups that have managed to shine despite an overall slump in the market.
Business News
You Use These Apps Everyday, But Do You Know Their Parent Companies?
Everyday we use dozens of apps and trust it with our personal information. However, in most cases we do not the parent company
Business News
Swiggy Launches InstaMart; Promises To Deliver Groceries Within 45 Minutes
At present, InstaMart is launched in Gurugram and will compete against Bigbasket, Flipkart Quick, Amazon Fresh, JioMart and Dunzo
Business News
Coronavirus: With New Initiative, Ninjacart Helps Farmers Sell Directly To Consumers
It would be in partnership with local grocery stores and made available via delivery platforms including Zomato, Swiggy and Dunzo in Bengaluru, Mumbai, Delhi-NCR, Ahmedabad, Chennai and Pune.
By Debroop Roy
Business News
Coronavirus: Swiggy Sets Up Fund To Help Delivery Partners
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.
By Debroop Roy
Business News
Coronavirus: MyGate Partners With E-Commerce Firms For Contactless Deliveries
The start-up has attempted to replace human interaction with alert calls as the number of positive cases in India continue to rise
Business News
[Funding Alert] Foodtech Wars Intensifies As Unicorn Swiggy Raises Funding At About $3.3 Billion Valuation
Swiggy has raised $113 million in a funding round led by its existing investor and South African Internet giant, Naspers
Business News
Foodtech Space Sizzles As Zomato On-boards Uber Eats India
The India Unicorn announced the acquisition of Uber's food delivery business in India in an all-stock transaction
Business News
[Funding Alert] Zomato Raises $150 million From Ant Financial
Zomato's top shareholder Info Edge (India) stake will drop to 25.13 per cent from 26.38 per cent after the funding
Business News
Bright Side of Cloud Kitchens
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.
By Debroop Roy