Food tech
Swiggy's quick commerce business, Instamart, has reported a significant surge in operating revenue, growing 135.7% to INR 490 crore in the quarter ended September 2024 (Q2 FY25).Instamart nets revenue INR 208 Cr in q2 FY24The company...
Swiggy, a leading foodtech company, has reported a consolidated net loss of INR 625.53 crore in the September quarter (Q2) of the financial year 2024-25 (FY25). This represents a 4.78% decrease from the INR 657 crore loss...
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Zomato offers 47.75 Cr equity shares to Foodie Bay ESOP Trust for employees
Zomato has allotted 47.75 crore equity shares to its employee welfare trust, Foodie Bay Employees ESOP Trust. The shares were allotted under various employee stock...
Del Monte Foods merges with Agro tech Foods in INR 1,300 Cr deal
Agro Tech Foods Limited (ATFL), backed by Samara Capital and Convergent Finance, has acquired Del Monte Foods Private Limited (DMFPL) in a INR 1,300...
IPO-bound Swiggy launches 10-minute food delivery service ‘Bolt’
IPO-bound foodtech giant Swiggy has introduced a new service offering quick-to-prepare dishes delivered in 10 minutes.Branded͏͏ as͏͏ Swiggy͏͏ Bolt,͏͏ the͏͏ service͏͏ is͏͏ currently͏͏ active͏͏...
Karnataka CID takes over investigation of Swiggy’s INR 33 Cr embezzlement case
The Karnataka Crime Investigation Department (CID) has taken over the investigation of a complaint filed by IPO-bound Swiggy, involving a former junior employee who...
IPO-bound Swiggy receives shareholders’ approval to increase fresh issue size to INR 5,000 Cr
IPO-bound Swiggy has reportedly gained shareholder approval to increase the size of its fresh issue in its initial public offering to INR 5,000 Cr,...
Zomato shares hit all-time High of INR 290.50 amid broader market rally
Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏...
Swiggy launches ‘Project Next’ to boost career growth for delivery partners and expand restaurant network
Continuing its expansion, foodtech giant Swiggy has launched Project Next, an initiative designed to offer career growth opportunities for its delivery partners and accelerate...
Modern Insulators acquires INR 5 Cr worth of Swiggy shares ahead of IPO
Modern Insulators, a listed manufacturer of porcelain insulators, is making a long-term investment of nearly INR 5 crore in Swiggy as the foodtech giant...
Zomato bans AI-generated images from restaurant menus to curb misleading ads
Foodtech giant Zomato has prohibited the use of AI-generated images on its restaurant partners' menus and marketing materials to curb misleading advertisements.Effective Monday (September...
Foodtech giant Swiggy to file DRHP this week
With reports suggesting an increase in the size of its initial public offering (IPO), foodtech giant Swiggy is now reportedly set to file its...
IPO-bound Swiggy pilots large-order fleet in Delhi-NCR
IPO-bound Swiggy is testing a large-order fleet in the Delhi-NCR region, mirroring Zomato's approach. Sources reveal that the Bengaluru-based startup launched the pilot recently.E͏V...
After successful trial run, Zomato expands priority food delivery service to Delhi, Hyderabad, and Pune
Several weeks following the trial run of its priority food delivery service in select areas of Mumbai and Bengaluru, Zomato, the foodtech giant, has...