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The issue will close for bids on November 8. Mumbai: Online food delivery platform Swiggy saw a muted response to its Rs 11,327 crore IPO on the first day of bidding on Wednesday, as brokerages advised investors to avoid the IPO until the company’s financial performance and growth outlook improve. The IPO received bids for…
Zomato Platform Fee Hike: Zomato, a food delivery giant, has increased the platform fee for its users during the festive season. The company has hiked the fee from Rs 7 per order to Rs 10 to keep it running amid festival season sales. The company has taken this move to maintain services during the festive…
New Delhi: The Karnataka government has recently introduced a new cess on transactions made through aggregator platforms like Zomato, Swiggy, Ola, Uber, and similar services. This move aims to create a social security fund for gig workers, ensuring better financial protection and welfare for those working in the gig economy. During a press conference, Karnataka…
Online food ordering and delivery company Swiggy has set a new Guinness World Record in collaboration with actor Ajay Devgn and director Rohit Shetty. The new record has been made for delivering the largest vada pav order – 11,000 vada pavs – in a single delivery. The order was delivered using Swiggy’s newly launched XL…
New Delhi: Freebies are usually taken kindly by the customers, however a free delivery package of tomatoes has not gone down well with an X (formerly Twitter)user, who called out Swiggy Instamart for practicing ‘Dark Pattern’. In an X post, the user that goes by the name Bengaluru Man wrote that he received free tomatoes…
Food delivery platform Swiggy has granted $270 million (nearly Rs 2,240 crore) worth of stock options to its senior leadership ahead of its anticipated initial public offering (IPO), according to the company’s pre-listing prospectus. According to Swiggy’s updated draft red herring prospectus, the company’s founder and CEO Sriharsha Majety has received a significant amount of…
New Delhi: Food delivery and quick commerce giant Swiggy has filed for a Rs 3,750-crore Initial Public Offering (IPO) in what is likely to be among India’s biggest listings this year. On Wednesday, it came to light that Swiggy had received clearance for the IPO from markets regulator SEBI and the company said on Thursday…
New Delhi: Dire situation and desperation to keep afloat, pay the monthly bills pushed a software developer from Chennai to become a Swiggy Delivery Agent after he was fired from his job. A LinkedIn user who goes by the name Riyazuddin has shared his journey while he is prepared to take up the next job,…
Online food ordering company Swiggy has launched a new initiative that will help its delivery partners build a career in sales and also grow Swiggy’s restaurant network. Called ‘Project Next’, it is the latest programme under the “Swiggy Skills” initiative with the Ministry of Skill Development and Entrepreneurship, Government of India. By transitioning qualified delivery…
With the advancement of technology and the growth of food delivery services, we now have the convenience of ordering food from our favourite restaurants and having it delivered to our homes. Many people use food delivery apps like Swiggy and Zomato to order from a variety of eateries, both big and small. Whether it’s for…