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Sunday, September 29, 2024

Tag: FoodTech

Mondelez International plans to collaborate with Accenture and Publicis to enhance its use of generative AI in marketing. New͏͏ Platform͏͏ for͏͏ Personalisation: The͏͏ US-based͏͏ snacks͏͏ giant͏͏ announced͏͏ it͏͏ will͏͏ establish͏͏ a͏͏ new͏͏ “platform”͏͏ to͏͏ generate͏͏ “personalised”͏͏ text,͏͏ images,͏͏...
Nutrabolt, the owner of C4 Energy, has partnered with The Hershey Company to introduce a new line of products featuring beloved Hershey flavours. New͏͏ Flavours͏͏ Launching͏͏ This͏͏ Autumn: The͏͏ partnership͏͏ will͏͏ bring͏͏ Hershey's͏͏ confections͏͏ into͏͏ the͏͏ energy͏͏ drink,͏͏...

Zomato’s Co-Founder and CPO Akriti Chopra resigns

Foodtech giant Zomato's co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from the company. In͏͏ an͏͏ exchange͏͏ filing͏͏ with͏͏ the͏͏ BSE,͏͏ the͏͏ foodtech͏͏...

Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved

IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...

Swiggy’s Q1 loss widens 8% YoY to INR 611 Cr, operating revenue jumps 35%

IPO-bound Swiggy reported a consolidated net loss of INR 611 crore in the June quarter of FY25, an increase of over 8% from INR...

Swiggy files updated DRHP with SEBI for INR 3,750 Cr IPO

Foodtech giant Swiggy filed its first updated draft red herring prospectus (DRHP) with SEBI on Thursday, seeking to raise INR 3,750 Cr ($450 Mn)...

Swiggy attracts celebrity investors: Rahul Dravid, Karan Johar & others invest in pre-IPO round

Cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, director Karan Johar, and actor-entrepreneur Ashish Chowdhry are the latest celebrities backing foodtech giant...

Swiggy gets SEBI nod for IPO, eyes November listing

Foodtech giant Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering. Following͏͏ the͏͏ approval,͏͏ the͏͏ startup͏͏...

Zomato shares soar to all-time high of INR 298.05 amid broader market rally

Foodtech giant Zomato's shares continued͏͏ their͏͏ four-day͏͏ winning͏͏ streak,͏͏ rising͏͏ over͏͏ 2%͏͏ in͏͏ early͏͏ trading͏͏ on͏͏ September͏͏ 23͏͏ to͏͏ reach͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏...

Zomato faces fresh GST demand of INR 17.70 Crore from West Bengal authorities

Foodtech giant Zomato continues to struggle with tax issues, with West Bengal GST authorities now levying a fresh GST demand and penalty of over...

After Amitabh Bachchan, Madhuri Dixit acquires stake in IPO-bound Swiggy

Actor Madhuri Dixit is now the second Indian celebrity, following Amitabh Bachchan, to acquire a minority stake in the IPO-bound foodtech giant Swiggy. ͏I͏nv͏e͏s͏͏tm͏ent͏͏ ͏͏D͏͏͏eta͏i͏l͏s͏:͏...

Swiggy likely to have lower public market valuation than Zomato: Elara Capital

Brokerage firm Elara Capital anticipates that Swiggy will have a lower valuation than its competitor Zomato when it goes public. This expectation arises from...

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...

Zomato to settle INR 9.85 Cr GST case with West Bengal authorities

Already dealing with numerous GST notices, foodtech giant Zomato has opted to resolve a case with West Bengal GST authorities by paying INR 9.85...

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