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Hyundai Motor India to Swiggy: Key takeaways from major IPOs of 2024 so far

Hyundai Motor India to Swiggy: Key takeaways from major IPOs of 2024 so far

Wed, Nov 20, 2024

The year 2024 saw a surge in high-profile IPOs across diverse sectors. Here are the biggest IPOs in terms of listing gains, investor enthusiasm, and overall performance.

Swiggy has let its leadership slip away, says MOFSL with 'Neutral' rating

Swiggy has let its leadership slip away, says MOFSL with 'Neutral' rating

Tue, Nov 19, 2024

Further risks cited by MOFSL are Swiggy's limited ability to expand margins in food delivery and quick commerce businesses, which could delay valuation re-rating, and intense competition in food delivery, quick commerce, and out-of-home sectors, which challenges its market position.

'You and I…': Zomato welcomes Swiggy after stock market listing

'You and I…': Zomato welcomes Swiggy after stock market listing

Wed, Nov 13, 2024

In a surprising and heartwarming moment in one of India's biggest corporate rivalries, Zomato made a kind gesture towards Swiggy on Wednesday as Swiggy officially joined the stock market. Zomato posted on X saying, “You and I… In this beautiful world,” and tagged Swiggy.

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Food delivery platforms Zomato and Swiggy hike platform fees again

Food delivery platforms Zomato and Swiggy hike platform fees again

Mon, Jul 15, 2024

Currently being charged in Delhi and Bengaluru, the platform fee is different from delivery fee, goods and services tax (GST), restaurant charges and handling charges.

Bain-Swiggy Report: India's Food Delivery Market Set to Cross ₹2 Lakh Cr by 2030

Bain-Swiggy Report: India's Food Delivery Market Set to Cross ₹2 Lakh Cr by 2030

Thu, Jul 04, 2024

Big growth is expected in food delivery.. Bain and Swiggy jointly released the report.

40% jump in quick commerce spending during T20 World Cup final: Report

40% jump in quick commerce spending during T20 World Cup final: Report

Sun, Jun 30, 2024

India on Saturday defeated South Africa by 7 runs in a nail-biting final to clinch the ICC T20 World Cup at the Kensington Oval in Barbados.

Swiggy launches recruitment support initiative for partner restaurants

Swiggy launches recruitment support initiative for partner restaurants

Thu, Jun 20, 2024

Food and grocery delivery platform Swiggy has announced the launch of a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.

Zomato takes initiative to shield delivery workers from sweltering heat with special amenities

Zomato takes initiative to shield delivery workers from sweltering heat with special amenities

Fri, Jun 07, 2024

Zomato has established 450 dedicated resting spots nationwide. These oases offer comfortable seating, hydration stations, mobile charging facilities, and essential amenities. Spanning over 250 cities, these rest areas are open to employees from any delivery company.

LS Polls 2024: Delhi poll body partners with Rapido, Zomato, Swiggy to encourage voter turnout

LS Polls 2024: Delhi poll body partners with Rapido, Zomato, Swiggy to encourage voter turnout

Fri, May 24, 2024

LS Polls 2024: To further encourage voter turnout, the office of chief electoral officer has partnered with Rapido bike taxi to offer free rides home after voting. Voters will also receive special coupons from Zomato and Swiggy online food ordering and delivery platforms, and various restaurants will provide discounts upon showing voting ink, the statement said.

Swiggy launches Smart Links tool to boost orders for restaurants with a digital presence

Swiggy launches Smart Links tool to boost orders for restaurants with a digital presence

Tue, Apr 23, 2024

Swiggy says that the new tool will help restaurants convert social media footfall to business and it has already driven over 4 million menu sessions for over 35,000 restaurant partners

Swiggy introduces 'Paw-ternity' policy to support employees on pet care

Swiggy introduces 'Paw-ternity' policy to support employees on pet care

Thu, Apr 11, 2024

Under the policy, employees will receive an additional paid day off (in addition to their annual leave entitlement) to welcome their new pet companions home. The policy was introduced on National Pet Day, which falls on April 11.

Nearly 60 lakh biryani orders received this Ramzan, increased by 15% compared to usual months, says Swiggy

Nearly 60 lakh biryani orders received this Ramzan, increased by 15% compared to usual months, says Swiggy

Thu, Apr 11, 2024

Traditional favourites like haleem and samosa continued to dominate the iftar table. Hyderabad topped the chart by ordering over a million plates of biryani and 5.3 lakh plates of Haleem, the company said in a statement.

IPO-bound Swiggy gets another valuation hike from Invesco

IPO-bound Swiggy gets another valuation hike from Invesco

Wed, Apr 10, 2024

Swiggy's valuation increased before IPO, Invesco increased Swiggy's valuation for the third consecutive time, from $8.5 Bn in October'23 to $12.7 Bn.

IPO-bound Swiggy gets another valuation hike from Invesco

IPO-bound Swiggy gets another valuation hike from Invesco

Wed, Apr 10, 2024

Swiggy's valuation increased before IPO Invesco increased Swiggy's valuation for the third consecutive time, from $8.5 Bn in October'23 to $12.7 Bn.

Invesco raises valuation for IPO-bound Swiggy ahead of its public issue

Invesco raises valuation for IPO-bound Swiggy ahead of its public issue

Wed, Apr 10, 2024

Invesco has increased the valuation of IPO-bound Swiggy for the third straight time from $12.7 billion to $8.5 billion.

Online food delivery platform Swiggy now delivers to houseboats on Dal Lake in Srinagar

Online food delivery platform Swiggy now delivers to houseboats on Dal Lake in Srinagar

Mon, Apr 08, 2024

Swiggy, which started operations in Srinagar in 2022, has over 300 restaurants on the platform offering a wide variety of cuisines to locals and tourists alike. It has partnered with Shikara operators who will assist local delivery partners to deliver to the doorsteps of the houseboats.

Swiggy ropes in Titan's Suparna Mitra as independent director

Swiggy ropes in Titan's Suparna Mitra as independent director

Thu, Apr 04, 2024

She joins Swiggy's other independent directors including Anand Kripalu - MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Shailesh Haribhakti - Chairman of Shailesh Haribhakti & Associates, and Sahil Barua - Managing Director & CEO at Delhivery.

Swiggy partners with Gurugram Traffic Police for road safety and traffic awareness workshop

Swiggy partners with Gurugram Traffic Police for road safety and traffic awareness workshop

Wed, Apr 03, 2024

A road safety roadshow and helmet distribution drive was conducted in Gurugram as part of Swiggy’s Delivering Safely Charter

Swiggy launches 'Delivering Safely' charter for delivery partner safety: Accidental medical coverage, on-demand ambulance, other features of program

Swiggy launches 'Delivering Safely' charter for delivery partner safety: Accidental medical coverage, on-demand ambulance, other features of program

Mon, Mar 18, 2024

On-demand convenience platform Swiggy has launched a nationwide road safety charter — 'Delivering Safely' — to bolster its commitment towards the safety of its over 3 lakh delivery partners across 600+ cities in the country.

What does Flipkart's plan to enter quick commerce mean to Zomato's Blinkit, Swiggy Instamart, and other players?

What does Flipkart's plan to enter quick commerce mean to Zomato's Blinkit, Swiggy Instamart, and other players?

Mon, Mar 11, 2024

As per a report by JM Financial, Flipkart has considered the acquisition of Reliance-backed Dunzo, which would be its attempt to expand its wings in the QC space. Further, the report said that it won't affect Blinkit (Zomato) as much as it could affect others in the segment.

Zomato shares jump amid rising platform fee in food delivery industry

Zomato shares jump amid rising platform fee in food delivery industry

Wed, Jan 24, 2024

Swiggy has increased the platform fee for a small set of users. "This was one such experiment, and we may or may not scale it up in the future if it doesn't meet our goal of serving our users in the best way possible. We're always looking for ways to make our platform more affordable, and our latest offering, Pockethero, is another example of that," Swiggy said in a statement.

IPO-bound Swiggy likely to raise platform fee from Rs 5 to Rs 10: Report

IPO-bound Swiggy likely to raise platform fee from Rs 5 to Rs 10: Report

Tue, Jan 23, 2024

This comes after a similar action taken in April last year when the company introduced a nominal fee of Rs 2 for a few customers, which was later extended to all customers. Presently, the platform fee is set at Rs 5.

Zomato, Swiggy, OYO Rooms register record orders and bookings on New Year's Eve

Zomato, Swiggy, OYO Rooms register record orders and bookings on New Year's Eve

Mon, Jan 01, 2024

Zomato shares, as of 10:09 a.m., traded 0.85 per cent or Rs 1.05, higher on the BSE at Rs 124.75 apiece. OYO Rooms and Swiggy are expected to come up with their initial public offers (IPOs) this year.

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