Page 11 - Swiggy

BigBasket, Urban Company lead in fair pay; most platforms fall short

Booming gig economy, dismal pay: Fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses

Reliance Retail enters quick commerce, challenges Blinkit, Swiggy Instamart

With plans to expand to 1,150 cities and deliver groceries in just 10-30 minutes, Reliance is set to shake up the market, offering customers speed, convenience, and savings

$35 million to $29 billion: How Deepinder Goyal built the Zomato empire

In a recent interview, Deepinder Goyal talks about Zomato's journey, from soaring highs to challenging lows, with candid insights on surviving and thriving in the food delivery industry

IPO-bound food delivery app Swiggy launches XL EV fleet for bulk orders

Swiggy's new XL fleet includes 20 specially designed electric vehicles that cater to large orders

Swiggy launches 10-minute food delivery service Bolt in six key cities

Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time

Swiggy gets shareholder nod to use provision to upsize IPO fresh issue

Swiggy's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year

Swiggy vs Zomato: Which is better investment bet? Morgan Stanley weighs in

Swiggy lags behind Zomato in some key segments, including food delivery and quick commerce, according to Morgan Stanley's analysis

Can live events become the next big growth driver for Swiggy, Zomato?

Swiggy eyes expansion in India's booming Rs 10,400 crore live events market, while Zomato has also entered the live events market through its recent acquisition of Paytm Insider

Hyundai to Swiggy: Sebi nod for IPOs paves way for bumper festival season

As per the update on Sebi's website, Hyundai Motor India, which will be India's largest IPO at nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24

Swiggy Instamart starts 24x7 free delivery in Delhi NCR for festival season

The quick commerce platform aims to meet growing demand by offering rapid delivery of thousands of products within 10-15 minutes, day and night, in Delhi, Gurgaon, and Noida, the company said

IPO rush: Hyundai, Swiggy among cos looking to raise Rs 60K cr in Oct-Nov

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs. Munish Aggarwal, Managing Director and Head - Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale. The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas, which is .

Swiggy's quick commerce arm Instamart outpaces food delivery biz growth

The quick commerce vertical's GOV is already at 40 per cent of food delivery GOV, despite being launched six years later

Swiggy's recipe for success: DRHP reveals key ingredients ahead of IPO

As investors await further details for this buzzing IPO, here are some of the key details related to Swiggy, as outlined in the DRHP papers

Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

Swiggy files for IPO, aims to raise Rs 3,750 crore through fresh issue

Sources, however, added that the company may decide to upsize the fresh issue component by another Rs 5,000 crore, taking the total fresh issue component up to Rs 11,600 crore

Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore

Swiggy's long-awaited public listing comes amid a booming IPO market, with 198 companies having raised $7.1 billion in the year to Sept.4, more than double the amount for the same period last year

IPO fundraise thus far in 2024 third highest in primary market history

IPO pipeline for the remaining part of CY24 remains strong. 25 companies plan to raise nearly Rs 63,550 crore and have Sebi's approval

Rahul Dravid, Zaheer Khan, Karan Johar invest in Swiggy ahead of IPO launch

Swiggy previously secured investments from Bollywood stars like Madhuri Dixit and Amitabh Bachchan, along with entrepreneur Ritesh Malik, during its pre-IPO funding rounds

Swiggy's IPO plan gets green light from Sebi; launch likely in November

Before Swiggy launches its IPO, it will have to place its updated draft red herring prospectus (UDRHP) in the public domain for at least 21 days

Ecommerce festive sales to reach $12 billion, quick commerce gains ground

Quick commerce, the burgeoning segment that promises rapid deliveries, is set to contribute $1 billion in gross merchandise value (GMV) to the festive sales