FoodTech
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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...
Swiggy rolls out ‘Cafe’ to deliver snacks and beverages within 15 minutes
Following Zepto's lead, IPO-bound food delivery giant Swiggy has introduced 'Cafe,' offering snacks and beverages with a 15-minute delivery window.The service is currently available...