Page 15 - Swiggy
TMS Ep428: ONDC, passkeys, markets, Maharatna & Navratna Cos
Is ONDC the biggest threat to Zomato and Swiggy? Are we heading to a world without passwords? How will markets react to Karnataka poll results? What are Maharatna and Navratna companies? Answers here
 "TMS Ep428: ONDC, passkeys, markets, Maharatna & Navratna Cos")
US-based Invesco further slashes Swiggy's valuation to $5.5 billion
The revised valuation represents a massive 49% decrease from the $10.7 billion valuation
 "US-based Invesco further slashes Swiggy's valuation to $5.5 billion")
Top headlines: Fitch affirms India's sovereign rating, FAME subsidy row
Business Standard brings you top news at this hour
 "Top headlines: Fitch affirms India's sovereign rating, FAME subsidy row")
Swiggy, Zomato may not offer steep discounts after govt-backed ONDC move
E-food delivery majors may instead partner the govt network
 "Swiggy, Zomato may not offer steep discounts after govt-backed ONDC move")
US investment firm Invesco slashes Swiggy valuation by 33% to $5.5 billion
This is the second time Invesco has trimmed the valuation of Swiggy, which is backed by SoftBank and Prosus
 "US investment firm Invesco slashes Swiggy valuation by 33% to $5.5 billion")
TMS Ep327: Swiggy fee, India's semiconductor industry, silver, World Bank
Why is Swiggy charging you a platform fee? Why are Taiwanese chip firms a tough catch for India? Should you add silver to your portfolio? What is the World Bank and what does it do? All answers here
 "TMS Ep327: Swiggy fee, India's semiconductor industry, silver, World Bank")
Multi-service platform ONDC beating Swiggy, Zomato: All you need to know
ONDC intends to bring the benefits of digitisation to millions of sellers and resellers in the country
 "Multi-service platform ONDC beating Swiggy, Zomato: All you need to know")
Top 5 headlines: India Inc's net profit in Q4, FAME funds allocation & more
Business Standard brings you top news at this hour
 "Top 5 headlines: India Inc's net profit in Q4, FAME funds allocation & more")
Govt-backed ONDC looks to take a bite from Zomato and Swiggy plate
ONDC is not an app but a facilitative platform designed to "revolutionise" digital commerce
 "Govt-backed ONDC looks to take a bite from Zomato and Swiggy plate")
Flavour of season: It's a premier league for food delivery firms this IPL
Downloads of food delivery apps like Zomato, Swiggy, Domino's, etc. have gone up in April over February
 "Flavour of season: It's a premier league for food delivery firms this IPL")
Swiggy expands its premium food delivery service Gourmet to 31 cities
This comes days after Swiggy closed down its premium grocery delivery offering, Handpicked, just six month after it was introduced as a pilot in Bengaluru
 "Swiggy expands its premium food delivery service Gourmet to 31 cities")
Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23
This is an increase of around 10% when compared to the FY 2021-2022
 "Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23")
Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23
Online food delivery platform Swiggy on Wednesday said it disbursed more than Rs 31 crore in claim amounts to its delivery partners in the fiscal year 2022-2023
 "Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23")
Swiggy shuts premium grocery delivery service 'Handpicked' in Bengaluru
Through Handpicked, Swiggy used to sell a selection of premium, gourmet, imported and hard-to-get grocery items
Swiggy's new Rs 2 'platform fee' on food delivery order irks users
The move has drawn the ire of many Swiggy users, who took to Twitter to voice their complaints
 "Swiggy's new Rs 2 'platform fee' on food delivery order irks users")
Swiggy unveils 'platform fee' of Rs 2 on food orders in monetisation push
Rolled out in phases over last week, the fee is applicable only on food delivery orders at the moment and not on orders on Instamart - the company's quick commerce arm
 "Swiggy unveils 'platform fee' of Rs 2 on food orders in monetisation push")
Swiggy partners with apna to hire 10,000 gig workers from tier 2, 3 cities
Online food delivery platform Swiggy has partnered with jobs and professional networking company apna to create 10,000 hyperlocal opportunities for its quick commerce grocery service -- Instamart -- in 2023. With this, the company is aiming to strengthen its delivery workforce in tier 2 cities. Announcing the partnership on Thursday, apna shared that in 2022, over 15 lakh users from tier 2, tier 3 cities and beyond applied for 30 lakh delivery roles on the platform, comprising almost 70 per cent of the new users growth in the delivery segment. Acquiring talent from tier 2 and 3 cities has been a daunting task for many organisations, owing to challenges such as lack of orientation, industry knowledge, inadequate experience, and ignorance about the current market scenario. This problem is particularly pronounced in India, where companies have long struggled to hire talent from smaller cities and towns. "With opportunities for delivery partners emerging in deeper pockets of the count
 "Swiggy partners with apna to hire 10,000 gig workers from tier 2, 3 cities")
Swiggy partners 'Apna' to create 10K jobs for Instamart this year
Industry reports estimate that the delivery workforce will be around 23.5 million by 2029-30
Swiggy CTO Dale Vaz steps down, Madhusudhan Rao named for his role
Karthik Gurumurthy, another senior executive of the firm, reportedly going on sabbatical
 "Swiggy CTO Dale Vaz steps down, Madhusudhan Rao named for his role")
US-based investors significantly cut market valuation of BYJU's, Swiggy
Swiggy reached a $10.7 billion valuation in a round led by Invesco in January last year
