MUMBAI : The Indian markets are poised to witness initial public offerings (IPOs) worth $12-13 billion in 2024, V. Jayasankar, managing director and a board member at Kotak Investment Banking, said. IPOs of new-age tech companies, such as Ola Electric, FirstCry and Swiggy, are likely to fuel a significant part of this activity, according to …
Invesco, a US-based asset management company (AMC) , has recently raised the valuation of food delivery aggregator Swiggy to $8.3 billion, for the second consecutive time, regulatory filing said. According to the exchange filing, the valuation of the company is as on October 21, 2023. By the end of this month, Invesco held 28,844 shares …
Swiggy called the incident “terrible”. A man in Bengaluru was left disgusted after finding a live snail in a salad he ordered from a local restaurant via food delivery app Swiggy. Taking to X (formerly Twitter), user Dhaval Singh shared his unpleasant experience to warn other customers. He also shared a video showing the live …
Last Updated: December 15, 2023, 11:10 IST Man took to ‘X’ to share how he ‘broke’ the Swiggy app after six delivery agents turned up on his doorstep with the same order. (Image posted by @pranayloya) A man tried to order groceries from Swiggy and received six orders instead. It takes a momentary glitch to …
A resident of Mumbai ordered food worth Rs 42.3 lakh from Swiggy in 2023, the online food-delivery app said in its annual report on December 14. As 2023 draws to a close, Swiggy has unveiled its annual food delivery report, ‘How India Swiggy’d in 2023’. The report features insights into India’s dining preferences, with Biryani …
Zomato and Swiggy, the country’s top two food delivery aggregators, have reportedly come under the scrutiny of tax authorities, with notices of a combined value of ₹750 crore sent to them, a report said on November 22. Zomato, which has the biggest share in India’s online food delivery market, has been issued a Goods and …
Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year. Zepto said it raised the funds “in the …
Electric vehicle battery-swapping solutions provider Gogoro 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. Gogoro and Swiggy will provide a seamless path for riders to adopt sustainable electric transportation and improve their business efficiency, Gogoro Founder and CEO Horace …
Swiggy’s Genie delivery service recently encountered a concerning incident, raising concerns among users about the safety of their delivered items. The incident gained public attention when a friend of a Swiggy user shared a distressing experience on Twitter. The user had used Swiggy’s service to deliver their highly valuable Apple Watch Ultra but was shocked …
E-bike rental startup Yulu has shared its plans to expand and increase profitability as it looks to go public. The company currently operates in Bengaluru, Delhi, and Mumbai, but plans to expand to Hyderabad, Pune, Chennai, Kolkata, and Ahmedabad over the next 15 months, while also exploring partnerships with local entrepreneurs in other markets. CEO …