Swiggy Q2FY25 consolidated loss narrows to Rs 626 cr
Dec 03, 2024, at 10:54 pm
Mumbai: Indian food and grocery delivery platform Swiggy announced a reduced quarterly loss on Tuesday, driven by strong order growth in its food delivery and quick commerce segments, media reports said.
Swiggy shares jump 15% following modest market debut
Nov 13, 2024, at 08:53 pm
Mumbai/IBNS: Online food ordering and delivery company Swiggy's shares launched on the National Stock Exchange (NSE) with a 7.69 percent premium on Wednesday (Nov. 13), opening at Rs 420 per share compared to its IPO price of Rs 390.
Swiggy hiring top Flipkart, Amazon executives amid expansion plans
Nov 13, 2024, at 01:15 am
Mumbai: Amid expansion plans, food delivery major Swiggy is hiring more executives from e-commerce companies like Walmart-owned Flipkart and Amazon, with at least 12 senior executives from these companies stepping into Swiggy, Moneycontrol reported on Tuesday.
Swiggy, Zomato flouted competition laws, CCI finds in probe: Report
Nov 09, 2024, at 01:06 am
New Delhi: An investigation by India’s Competition Commission (CCI) found that major food delivery companies Zomato and SoftBank-backed Swiggy violated competition laws through practices that favoured specific restaurants on their platforms, according to confidential CCI documents.
Swiggy IPO Day 3: Online food delivery giant's Rs 11,300 crore issue gets fully subscribed
Nov 08, 2024, at 07:31 pm
Mumbai/IBNS: Swiggy's IPO was fully subscribed on its final bidding day, Friday (Nov. 8), following a lukewarm response during the first two days of its Rs 11,327.43 crore offering.
Swiggy IPO subscribed 35% by day two; GMP signals modest listing gain
Nov 08, 2024, at 05:08 am
Mumbai: Swiggy’s IPO was 35 percent subscribed by the second day of its share sale on November 7.
Swiggy IPO hits market after raising Rs 5,085 crore from anchor investors
Nov 06, 2024, at 06:35 pm
Mumbai/IBNS: India's leading food ordering and delivery company Swiggy on Wednesday (Nov. 6) launched its Rs 11,327.43 crore initial public offering (IPO), after raising Rs 5,085.02 crore from anchor investors the day prior.
Telangana: Swiggy fined Rs 35,000 for inflating delivery distance to overcharge customers
Nov 04, 2024, at 09:45 pm
Hyderabad/IBNS: Leading food and grocery delivery platform Swiggy has been fined Rs 35,000 for allegedly inflating delivery distances to overcharge customers.
Swiggy IPO set to hit the Street on Nov 6: Key things to know before subscribing to the issue
Nov 04, 2024, at 08:51 pm
Mumbai/IBNS: Swiggy, the leading food and grocery delivery platform, is gearing up for its stock market debut with the launch of its Initial Public Offering (IPO) next week.
Swiggy IPO gets bids worth more than $15 billion from Norges, Fidelity, other big investors: Report
Oct 31, 2024, at 07:09 pm
Bengaluru/IBNS: Major investors, including Norway’s sovereign wealth fund Norges and Fidelity, have placed bids exceeding $15 billion for Swiggy’s IPO, which is set to be launched next week, Reuters reported, citing its sources on Thursday (Oct. 31).
Swiggy sets IPO price band between Rs 371 - Rs 390: Reports
Oct 29, 2024, at 06:53 pm
Mumbai/IBNS: Swiggy, the leading Indian food and grocery delivery company, is set to launch its initial public offering (IPO) to raise Rs 11,300 crore.
Swiggy upsizes IPO to Rs 5,000 cr amid growing competition with Zomato: Report
Oct 04, 2024, at 05:39 am
Mumbai: Food tech giant Swiggy has received shareholder approval to increase the size of its primary issue for its upcoming IPO from Rs 3,750 crore to Rs 5,000 crore, media reports said.
Swiggy gets SEBI nod for IPO launch
Sep 25, 2024, at 02:21 am
Mumbai: The Securities and Exchange Board of India (SEBI) has approved food delivery giant Swiggy's plan to launch an initial public offering (IPO), media reports said.
Swiggy appoints industry veteran Amitesh Jha as CEO of Swiggy Instamart
Aug 29, 2024, at 07:26 pm
Swiggy, India’s leading on-demand convenience platform, on Thursday announced the appointment of Amitesh Jha as the Chief Executive Officer of its rapidly expanding quick commerce business, Swiggy Instamart, effective Sept 4.
Swiggy to file draft papers for $1.3 billion IPO by first week of September: Report
Aug 21, 2024, at 09:26 pm
Bengaluru/IBNS: Bengaluru-based online food ordering-delivery and quick commerce platform Swiggy, one of India’s most-valued unicorns, will most likely file its draft red herring prospectus with the country’s markets regulator Securities and Exchange Board of India (SEBI) by as early as the first week of September, marking the second-largest Initial Public Offering (IPO) of a venture capital-backed company in India, reports YourStory.
Swiggy gets shareholders' nod for $ 1.2 billion IPO
Apr 25, 2024, at 10:42 pm
New Delhi: Bengaluru-based food tech company Swiggy has obtained approval from its shareholders for its upcoming $1.2-billion initial public offering (IPO).
Swiggy appoints Suparna Mitra as an Independent Director to its Board
Apr 05, 2024, at 04:38 am
Kolkata: Swiggy on Thursday announced the appointment of Suparna Mitra as an Independent Director to its Board.
Zomato delivery agents tipped Rs 97 lakhs by customers this New Year
Jan 07, 2024, at 08:18 pm
Mumbai: This New Year's Eve, apart from the restaurants, bakeries and other food joints, those delivering food from these establishments to the doorstep of the customers also benefited from the celebrations as people decided to make generous tips to delivery executives.
Taxman slaps GST demand of Rs 750 cr on Swiggy and Zomato
Nov 23, 2023, at 05:14 am
The Directorate General of GST Intelligence has sent Goods and Services Tax (GST) demand notices to the food aggregators Zomato and Swiggy, media reports said on Wednesday.
Swiggy sells its cloud kitchen business to rationalise costs
Mar 04, 2023, at 06:12 am
Mumbai: Food delivery platform Swiggy announced on Thursday that it has completed a share-swap agreement with Kitchens@ to sell its cloud kitchen business, Swiggy Access. This decision was made as part of the company's cost-cutting measures, which included laying off 380 employees due to a lack of funding opportunities, The Financial Express reported.
Swiggy terminates 380 jobs amid weak growth in food delivery business
Jan 21, 2023, at 05:24 am
Bengaluru: Food aggregator and quick commerce company Swiggy has laid off 380 workers citing challenging macroeconomic conditions and a slowdown in its food delivery business, media reports said.
Jan 16, 2023, at 08:09 pm
Kolkata/IBNS: Swiggy, India’s on-demand convenience platform, has launched an immediate and free ambulance service for all its active delivery executives and their dependents in the case of emergencies.
Zomato reacts over Competition Commission's probe
Apr 06, 2022, at 03:59 pm
New Delhi: Zomato has said the Competition Commission of India (CCI) wants to look into its trade practices like the preferential listing of restaurant partners and pricing parity and has prima facie not found concerns with respect to their independence on levy of commissions or alleged bundling of services, media reports said.
Food order delivery platform Swiggy raises USD 700 mn funding
Jan 24, 2022, at 09:29 pm
Mumbai/UNI: Food ordering and delivery platform Swiggy on Monday said it has raised USD 700 million in new funding led by Invesco.
TVS Motor partners with Swiggy to expand EV role in food delivery
Jan 15, 2022, at 01:27 am
New Delhi/UNI: Two & 3Wheeler manufacturer TVS Motor Company has announced a partnership with food and on-demand delivery player Swiggy to enable the adoption of electric vehicles in its delivery fleet and increase the share of EVs in food delivery and on-demand delivery services.
Swiggy, Zomato clock record orders per minute sending UPI infrastructure into disarray
Jan 01, 2022, at 05:26 am
Mumbai/IBNS: Swiggy and Zomato, India's top food aggregator platforms, clocked 9,000 orders per minute and 7,100 orders per minute, respectively, till 8:20 pm on December 31, 2021, as most people decided to stay indoors and celebrated the New Year eve amid Omicron scare.
Swiggy to expand grocery delivery business with $700 million investment
Dec 09, 2021, at 01:31 am
Mumbai/IBNS: Swiggy will invest $700 million in its express grocery delivery business Instamart with the aim to strengthen its presence in a category that has shown immense growth since it was launched in the middle of the pandemic last year.
Swiggy to introduce paid monthly period time-offs for women delivery partners
Oct 21, 2021, at 04:01 am
Bengaluru/IBNS: Online food delivery aggregator Swiggy will be giving its female regular delivery partners paid monthly period time-offs, it said in a statement on October 20, according to media reports.
Zomato, Swiggy to collect 5 pct GST from consumers: Nirmala Sitharaman
Sep 18, 2021, at 04:41 am
New Delhi/IBNS: Food delivery apps like Zomato and Swiggy will collect five per cent Goods and Services Tax (GST) from consumers instead of the restaurant they pick up orders from, Union Finance Minister Nirmala Sitharaman said on Friday.
Sep 17, 2021, at 06:16 pm
New Delhi/UNI: The GST Council in its meeting on Friday may discuss the possibility of bringing diesel and petrol in the ambit of the new indirect tax regime besides considering a proposal to levy a five per cent tax on food-delivery apps such as Zomato and Swiggy.