Page 10 - Swiggy

Swiggy Instamart, Blinkit, Zepto to deliver gold & silver coins in 10 mins

Akshaya Tritiya holds significant importance in Hindu culture, symbolising prosperity and abundance. The day is also considered auspicious for the purchase of gold and silver

Delhi HC asks Swiggy, Zomato to delist 13 eateries using Domino's trademark

Domino's initiated a lawsuit for trademark infringement against 13 restaurants operating names such as 'Dominic Pizza', 'and Dominek's Pizza', among others

Why the failed delivery of Rs 187 ice cream, cost Swiggy more than Rs 5,000

The customer sought Rs 10,000 as compensation and an additional Rs 7,500 in litigation expenses from Swiggy for its failure to deliver the ice cream and subsequent refusal of a refund

Swiggy secures shareholders' approval to raise over Rs 10,400 cr via IPO

Food and grocery delivery major Swiggy has received shareholders' approval for an initial public offering to raise Rs 10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. A special resolution was passed at an extraordinary general meeting of Swiggy on April 23, they said. According to sources, the Bengaluru-based company plans to raise up to Rs 3,750 crore funds through fresh equity shares, in addition to an offer-for-sale component of up to Rs 6,664 crore. The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round, they added. Swiggy, founded in 2014, has a valuation of USD 12.7 billion as on April 10, 2024. Its annual revenue stood at USD 1.09 billion as on March 31, 2023. The company has more than 4,700 employees, according to Tracxn, a global startup data platform.

Swiggy gets shareholder approval for potential $1.2 billion IPO this year

Bengaluru-based Swiggy intends to raise up to Rs 3,750 crore ($450 million) in fresh capital alongside an offer-for-sale (OFS) segment of up to Rs 6,664 crore ($800 million)

Ordering food from Zomato to get costlier as the company hikes platform fee

Zomato processes somewhere between 2-2.2 million orders daily, suggesting that a Rs 1 increase, from Rs 4 to now Rs 5, could boost the company's quarterly earnings

Food delivery firm Zomato gets Rs 11.82 crore GST related tax demand notice

Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of Rs 5,90,94,889, with applicable interest (not quantified) and penalty of Rs 5,90,94,889. "We believe that we have a strong case on merits, and the company will be filing an appeal against the order before the appropriate authority," Zomato stated in a regulatory filing late evening on Friday. It informed that the demand order has been received, "confirming demand of GST on export services provided by the company to its subsidiaries located outside India during the period July 2017 to March 2021 by upholding that such services do not fulfil the conditions for the supply to qualify as export of service under GST". "The company, in its response to the show

Swiggy to integrate Instamart with Mall to broaden choice for consumers

Food tech giant Swiggy on Thursday said it will integrate Swiggy Mall with its quick commerce offering Instamart, to broaden the choice for consumers looking to purchase products other than groceries and staples. Swiggy Mall, which is currently operational in parts of Bengaluru, marked the company's foray into online retail. The company said Swiggy Instamart is already present in more than 25 cities allowing Swiggy Mall to scale up over the coming months, starting with Bengaluru. "Swiggy Instamart is broadening its offerings to include an even wider array of products. With our latest update, customers can now explore an extensive selection across over 35 categories, that go way beyond groceries and home essentials, delivered in minutes. "This marks a significant milestone in our journey towards providing unparalleled convenience, ensuring our users have everything they need at their fingertips, faster than ever before," said Phani Kishan, Head of Swiggy Instamart. In a blog post,

Zomato's improved profits, 260% stock surge leaves analysts scrambling

The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise

Swiggy launches 'Swiggy Pawlice' initiative for finding missing pets

The on-demand convenience platform's Swiggy Pawlice feature empowers pet parents to report a missing pet directly on the Swiggy app

Swiggy delivery agent caught on camera stealing shoes, company reacts

Swiggy reacts to a viral video where a delivery boy can be seen stealing Nike shoes outside a Gurugram flat. The company asked the complainant to contact the legal team or file a police complaint

Swiggy introduces 'Paw-ternity Policy', extending support to pet parents

Swiggy has rolled out the 'Paw-ternity Policy' that allows employees with pets time off and other benefits to care for their pets

Swiggy deliveres 6 million plates of Biryani this Ramzan, up by 15%

Cities such as Mumbai, Hyderabad, Kolkata, Lucknow, Bhopal, and Meerut saw a drastic increase in orders placed for Iftar sweet dishes, including Malpua, Dates, and Phirni during Ramzan

Bengaluru techie turns Swiggy agent for a day, shares her experience

Bengaluru techie shared her experience as a Swiggy agent for a day. She shared how technology has empowered the supply chain to make life easier. Here's what she learnt as an agent

Invesco marks up IPO-bound Swiggy's valuation by 19% to $12.7 billion

A series of mark-ups push the company's valuation closer to its rival Zomato

Swiggy gets another valuation hike to over $12.7 billion from Invesco

Invesco's previous fair value of Swiggy stood at around $8.3 billion at the end of January this year

Layoffs by Indian tech startups dip 60% in Jan-March this year, says report

Tech startups let go of more than 2,000 workers in the first quarter as funding capital reduced

Swiggy converts to public limited company ahead of stock market debut

Ahead of filing its draft IPO papers, Swiggy is intensifying efforts to enhance its financial performance and reduce cash burn

Swiggy's executive exodus continues as vice president Karan Arora quits

The Vice President and Head of Supply Chain Management at Swiggy, Karan Arora, will join Convenio, an offline retail startup, as co-founder

Retail, food and education top tech layoffs list so far in 2024, shows data

Numbers so far this year are lower than in 2023