New Delhi: Zomato’s rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24). The online food delivery platform, however, reduced the net loss by 44 per cent, from Rs 4,179 crore in FY23. The company saw its revenue grow 36 per cent to … Read more
Delivery apps today have become an indispensable part of our lives, not just to order meals from restaurants but also to buy groceries and household items. All the major players in this sector are growing and hence, it’s no surprise that these platforms are getting investors and stakeholders in hordes. It has come to light … Read more
Swiggy is currently valued at over Rs 1 lakh crore. It is believed that Swiggy wants to sell only its quick commerce business, while Amazon does not seem interested in buying the company’s food delivery business. Online food delivery platform Swiggy has prepared to launch its IPO. It has submitted draft papers to SEBI to … Read more
Swiggy India: How India Eats An increase in eating out frequency, higher purchasing power and a growing customer base will drive the Indian food services market, according to a study by Swiggy and Bain & Company India’s food delivery segment is expected to cross Rs 2.12 lakh crore by 2030, growing at a compound annual … Read more
“The recently introduced ice cream flavours are a reflection of the preferences of millennials and Gen Z,” says Ankit Gupta, co-founder of Burma Burma. “We have played upon the nostalgia of ice cream rituals such as visiting parlours, birthday parties, and bowls shared with family and guests, which to an extent helped us create different … Read more
NEW DELHI: Ordering food online has been a boon to the society for surprising, but sometimes things don’t turn out as expected.In one such case a viral video circulating online, a birthday cake‘s additional request went hilariously wrong. The user wrote on Instagram while requesting for a birthday topper the wrote “Please send with the … Read more
Image for representation | Photo Credit: Getty Images Food and grocery delivery major Swiggy has received shareholders’ approval for an initial public offering to raise ₹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 … Read more
IRCTC says the e-catering service through Bundl Technologies Pvt Ltd (Swiggy Foods) may be available soon. IRCTC-Swiggy Tie-Up: In the first phase, the facility will start at four railway stations — Bengaluru, Bhubaneswar, Vijayawada and Visakhapatnam Indian Railway Catering and Tourism Corporation (IRCTC) has announced a tie-up with food delivery platform Swiggy to supply pre-ordered … Read more
New Delhi: Online food delivery platform Swiggy said on Thursday that Mallika Srinivasan has stepped down from the company’s Board as an Independent Director a year after joining. According to the company, Srinivasan stepped down due to increasing business commitments. “Reflecting on her experience with Swiggy, Mallika expressed that working with a young and dynamic … Read more
