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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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WHOPPING! Swiggy raises over Rs 9,357 cr after Zomato's bumper IPO

WHOPPING! Swiggy raises over Rs 9,357 cr after Zomato's bumper IPO

Tue, Jul 20, 2021

After its rival Zomato witnessed a mega IPO last week, Swiggy on Tuesday announced the closing of a $1.25 billion (over Rs 9,357 crore) fundraise led by SoftBank Vision Funds 2 and its long-term investor Prosus, one of the largest technology investors in the world.

CCI approves proposed acquisition of “certain stake" in Bundl Technologies (Swiggy) by SoftBank Group-owned SVF II Songbird

CCI approves proposed acquisition of “certain stake" in Bundl Technologies (Swiggy) by SoftBank Group-owned SVF II Songbird

Mon, Jul 12, 2021

The Competition Commission of India (CCI) today approved the proposed acquisition of certain stake in Bundl Technologies (Swiggy) by SVF II Songbird, which is a Softbank Group company. The announcement was made on the Official Twitter handle of the competition watchdog

BIG relief for Swiggy employees; food aggregator announces four-day-work week with flexibility to choose days

BIG relief for Swiggy employees; food aggregator announces four-day-work week with flexibility to choose days

Tue, May 04, 2021

One of the leading food aggregators in India, Swiggy, has given its employees big gift amid escalating Covid 19 cases across the country.

Zomato, Swiggy to stop taking orders from 8:00 pm due night curfew in Maharashtra

Zomato, Swiggy to stop taking orders from 8:00 pm due night curfew in Maharashtra

Tue, Apr 06, 2021

Amid stringent restrictions and night curfew imposed by Maharashtra government to curb the spread of Covid cases, Zomato and Swiggy have decided to stop taking orders for delivery after 8:00 pm from Tuesday, india.com reported.

Swiggy to cover entire vaccination cost for over 2 lakh delivery partners in India

Swiggy to cover entire vaccination cost for over 2 lakh delivery partners in India

Wed, Mar 24, 2021

Food ordering platform Swiggy on Wednesday said it?would cover the entire vaccination cost for its fleet of over 2 lakh delivery partners across the country

9000 HEALTHY dishes from 700 restaurants - this is what Swiggy will offer in this city; Know FULL STORY here

9000 HEALTHY dishes from 700 restaurants - this is what Swiggy will offer in this city; Know FULL STORY here

Tue, Mar 23, 2021

Food ordering platform Swiggy has launched Health Hub in the city aimed at making eating of healthy food convenient to the public, the company said on Tuesday

PM SVANIDHI Scheme: Get street food delivered at your home now! After Swiggy, government signs agreement with Zomato to provide online market to vendors

PM SVANIDHI Scheme: Get street food delivered at your home now! After Swiggy, government signs agreement with Zomato to provide online market to vendors

Fri, Feb 05, 2021

PM SVANIDHI Scheme: The government has taken a big initiative to help roadside street food vendors. The government has decided to provide them market by linking them with online platforms.

EXPLAINED: Why Zomato, Swiggy got notice from Google – The Problem, solution and road ahead

EXPLAINED: Why Zomato, Swiggy got notice from Google – The Problem, solution and road ahead

Thu, Oct 01, 2020

Two of India’s biggest food delivery platforms received a notice from Google Play Store on Wednesday evening, for violating tech giant’s guidelines. The notice came a week after Google had pulled down Paytm and Paytm First Games from its Play Store for a similar exercise.

Swiggy lets go of 350 employees in second round of job cuts, says no more restructuring

Swiggy lets go of 350 employees in second round of job cuts, says no more restructuring

Tue, Jul 28, 2020

Swiggy has announced the second round of job cuts, letting go of 350 more employees, in the wake of COVID-19 pandemic. The food aggregator said that it has no more restructuring plans.

Zomato and Swiggy food delivery latest by 8.30 pm: Haryana Official

Zomato and Swiggy food delivery latest by 8.30 pm: Haryana Official

Thu, Jun 04, 2020

Restaurants and food aggregators like Zomato and Swiggy in Haryana will have to ensure home delivery of food latest by 8 pm so that no delivery boy is left out on roads after enforcement of curfew at 9 pm.

Amazon enters Indian food delivery market

Amazon enters Indian food delivery market

Thu, May 21, 2020

The service will initially be available in four pin codes in Bengaluru - Mahadevapura, Marathalli, Whitefield and Bellandur covering over 100 restaurants. These include outlets like Box8, Chai point, Chaayos, Faasos, Mad Over Donuts as well as restaurants from hotel chains like Radisson and Marriott (Shao, Melange and M Cafe among others).

Swiggy to lay off 1100 people! Company says committed to provide financial support

Swiggy to lay off 1100 people! Company says committed to provide financial support

Mon, May 18, 2020

Food delivery company Swiggy said on Monday that it will lay off 1,100 employees over the next few days in the wake of the coronavirus outbreak which has had a severe impact on business.

Yes Bank crisis: Do online transactions? Alert! Swiggy, Flipkart, others scrap UPI payments option

Yes Bank crisis: Do online transactions? Alert! Swiggy, Flipkart, others scrap UPI payments option

Fri, Mar 06, 2020

Payments on several digital platforms have been hit after restrictions were imposed on Yes Bank by the the Reserve Bank of India (RBI). The bank is one of the biggest back-end solution platforms for making UPI payments.

Big financial shot in the arm! Swiggy raises whopping $113 million - Key details of funding

Big financial shot in the arm! Swiggy raises whopping $113 million - Key details of funding

Thu, Feb 20, 2020

In a big booster dose of funding, food delivery platform, Swiggy, has raised $113 million as part of its Series I funding round.

Fake food shops flourish on Swiggy, Zomato; users in distress

Fake food shops flourish on Swiggy, Zomato; users in distress

Fri, Jan 03, 2020

How come such fake, spurious and closed restaurants and food shops are being allowed on food delivery platforms which have become a nuisance for users, leaving them in anguish with a chatbot who has nothing much to deliver?

Indians order 95 biryanis per minute from Swiggy: Report

Indians order 95 biryanis per minute from Swiggy: Report

Mon, Dec 23, 2019

With overall orders for healthy options crossing 3.5 lakhs this year, the latest food trend that has taken the nation by storm is the Ketogenic diet which includes meat, fish, poultry and non-starchy vegetables.

Swiggy Go for instant pick up, dropping packages launched

Swiggy Go for instant pick up, dropping packages launched

Wed, Sep 04, 2019

Food delivery platform Swiggy on September 4 launched 'Swiggy Go' in Bengaluru, which is an instant pick up and drop service to send packages anywhere across the city.

'Deep discounts' row: NRAI shoots off letters to Swiggy, Zomato, Uber Eats and Food Panda

'Deep discounts' row: NRAI shoots off letters to Swiggy, Zomato, Uber Eats and Food Panda

Mon, Aug 26, 2019

The NRAI wrote to Swiggy, Zomato, Uber Eats and Food Panda on Monday to resolve the issues.

Discuss issues over cup of coffee, Govt tells food delivery apps Zomato, Swiggy, Foodpanda, offline players

Discuss issues over cup of coffee, Govt tells food delivery apps Zomato, Swiggy, Foodpanda, offline players

Thu, Jul 04, 2019

Both online food delivery platforms and the National Restaurant Association of India along with other offline hotels and restaurant associations gave their set of recommendations and justifications to the DPIIT officials on their concerns.

Swiggy to provide simple homestyle, affordable meals, launches 'Daily' app

Swiggy to provide simple homestyle, affordable meals, launches 'Daily' app

Mon, Jun 03, 2019

In a bid to put an end to your daily meal woes, food ordering and delivery platform Swiggy has launched ‘Swiggy Daily’, the first-of-its-kind homestyle meal subscription by a food delivery platform.

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