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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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Swiggy's food delivery sales up 17% to $1.43 billion in H1FY24: Prosus

Swiggy's food delivery sales up 17% to $1.43 billion in H1FY24: Prosus

Wed, Nov 29, 2023

Prosus, which holds 32.7 per cent of the stake in Swiggy, mentioned trading losses reduced to $208 million.

US-based Invesco raises Swiggy's valuation to $7.8 billion

US-based Invesco raises Swiggy's valuation to $7.8 billion

Tue, Oct 17, 2023

In some cheers for Swiggy that is facing tough competition from Zomato, US-based investment company Invesco has increased the food delivery platform's valuation to about $7.85 billion, the media reported on Tuesday.

ONDC empowers 1 million marginalised sellers, weavers across 60 cities

ONDC empowers 1 million marginalised sellers, weavers across 60 cities

Tue, Oct 17, 2023

Since the beginning of this year, ONDC has processed over 5,000 orders in the social sector domain.

Swiggy Increases Platform Fee to Rs 3: Is This the End of Affordable Food Delivery?

Swiggy Increases Platform Fee to Rs 3: Is This the End of Affordable Food Delivery?

Mon, Oct 16, 2023

Swiggy has increased its platform fee to Rs. 3 from Rs. 2. This means that you will now have to pay an additional Rs. 3 on every food delivery order, regardless of the order value. This move comes at a time when Swiggy is facing increasing competition from other food delivery platforms, such as Zomato and Dunzo. It is also trying to become profitable after years of losses. However, the increase in platform fee is likely to be unpopular with customers. Many people already find Swiggy's delivery charges to be high. The additional fee will make food delivery even more expensive.

Swiggy delivery workers in Mumbai remain on strike for 3rd day over change in pay

Swiggy delivery workers in Mumbai remain on strike for 3rd day over change in pay

Tue, Oct 10, 2023

Due to the protests, many users in the city have been facing issues with orders on the Swiggy app.

Zomato shares recover 135% from 52-week low in 2023, Swiggy riders in Mumbai on indefinite strike

Zomato shares recover 135% from 52-week low in 2023, Swiggy riders in Mumbai on indefinite strike

Tue, Oct 10, 2023

Swiggy's strike, Zomato benefits! Swiggy delivery partners are on strike in Mumbai. Why does Zomato benefit from this news? See complete details in this video

Zomato shares gain 4% after Swiggy executives go on indefinite strike

Zomato shares gain 4% after Swiggy executives go on indefinite strike

Tue, Oct 10, 2023

Zomato share price: The consolidated net profit of the firm during the quarter came in at Rs 2 crore versus a loss of Rs 186 crore in the corresponding period of the last fiscal.

World Cup Fever: How Consumption Stocks Will Get A Boost From World Cup 2023

World Cup Fever: How Consumption Stocks Will Get A Boost From World Cup 2023

Thu, Oct 05, 2023

India is all set to host the 13th edition of the Men's Cricket World Cup after 12 years, many sectors are expected to benefit from it. According to Zee Business Research, food outlets and delivery applications will get a double boost with the World Cup and the festival season around the corner. Quick Service Restaurants companies like Jubilant FoodWorks, which operates Domino's Pizza in India, and food delivery apps like Swiggy and Zomato could benefit from the World Cup as food delivery during the cricket mega event is expected to increase.

A look at this week's startup deals: Razorpay, Pee Safe, Bonatra, MobiKwik, Swiggy, eBikeGo in news

A look at this week's startup deals: Razorpay, Pee Safe, Bonatra, MobiKwik, Swiggy, eBikeGo in news

Fri, Sep 15, 2023

Startups like Pee Safe, Perfios, Noccarc and Melooha have raised funding this week while Goa CM, Pramod Sawant, unveiled the Goa Chavath e-Bazaar, listing products by local women entrepreneurs on 'Swiggy Minis' as part of a MoU with online delivery platform, Swiggy.

Swiggy partners with Goa govt to launch 'Chavath e-Bazaar-2023', empowering local entrepreneurs

Swiggy partners with Goa govt to launch 'Chavath e-Bazaar-2023', empowering local entrepreneurs

Fri, Sep 15, 2023

The delivery platform has entered into an agreement with the Goa government on Thursday to launch Chavath e-Bazaar on 'Swiggy Minis'.

Swiggy launches Learning Station to support restaurant partner

Swiggy launches Learning Station to support restaurant partner

Wed, Sep 13, 2023

Last year, Swiggy launched Swiggy Skills Academy, a specially curated, multi-skilled, and multilingual learning offering for its delivery executives and their children.

A look at this week's startup deals: Certa, Zepto, BharatPe, Swiggy, Flipspaces, Unicorn India Ventures, BluSmart in news

A look at this week's startup deals: Certa, Zepto, BharatPe, Swiggy, Flipspaces, Unicorn India Ventures, BluSmart in news

Fri, Sep 08, 2023

Startups like Certa, Flipspaces and LISSUN raised funding; early-stage VC firm Unicorn India Ventures (UIV) announced the first close of its Rs 1,000 crore Fund III while BharatPe's chief business officer Nishant Jain resigned to join Angel One.

Swiggy's Senior VP of revenue & growth, Anuj Rathi quits

Swiggy's Senior VP of revenue & growth, Anuj Rathi quits

Thu, Sep 07, 2023

"When I started here, Swiggy was a 2-year-old startup - operating in a few cities and learning to deliver in a hockey-stick growth environment. Every month and every year has been a new challenge and a new learning opportunity for me professionally and personally," he posted.

SUN Mobility to power over 15K e-bikes in Swiggy's delivery fleet

SUN Mobility to power over 15K e-bikes in Swiggy's delivery fleet

Tue, Sep 05, 2023

Through this partnership, Swiggy's last-mile delivery e-bike fleet will have access to SUN Mobility's state-of-the-art battery-swapping technology and a wide network of battery-swapping stations.

Govt's ONDC reaches 50,000 restaurants, takes on Zomato-Swiggy dominance

Govt's ONDC reaches 50,000 restaurants, takes on Zomato-Swiggy dominance

Mon, Aug 28, 2023

Giving a tough fight to Zomato-Swiggy dominance in online food delivery market, Open Network for Digital Commerce (ONDC), an initiative of the government, on Monday said that 50,000 restaurants are now live for placing online orders on the Open Network, across 172 cities.

Food delivery firm Swiggy restarts IPO plans, aims for 2024 listing- Sources

Food delivery firm Swiggy restarts IPO plans, aims for 2024 listing- Sources

Fri, Aug 25, 2023

Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said.

India360: Make your passion your profession?

India360: Make your passion your profession?

Mon, Aug 21, 2023

World Entrepreneurs Day: As time changed, people's thinking changed, along with it changed the way of choosing the way for the future. Now the youth is coming forward as a successful entrepreneur by preparing his hobby as a job. Not only youth are getting better opportunities in this, watch India360 'Indian Startups Mein Dum' with Deepak Doval

A look at this week's startup deals: Aretto, Swiggy, Oyo, DynamoFL, eBikeGo were in news

A look at this week's startup deals: Aretto, Swiggy, Oyo, DynamoFL, eBikeGo were in news

Fri, Aug 18, 2023

Startups like Aretto and DynamoFL raised funding this week while OYO said it will will facilitate on-the-job training across its vacation home business in countries such as Denmark, and eBikeGo plans to launch its Muvi brand of e-scooters.

Gogoro, Swiggy join hands for EV adoption in last-mile delivery

Gogoro, Swiggy join hands for EV adoption in last-mile delivery

Thu, Aug 17, 2023

Electric vehicle battery-swapping solutions provider Gogoro Inc on Thursday announced a partnership with Swiggy to promote its electric Smartscooters to last-mile delivery partners of the on-demand convenience delivery platform across India.

Why is Zomato charging Rs 2 as a platform fee on all its orders?

Why is Zomato charging Rs 2 as a platform fee on all its orders?

Mon, Aug 07, 2023

The “small fee” has been introduced to help “us pay the bills so that we can keep Zomato running,” a pop-up on the food delivery app stated.

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