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Invesco marks IPO-bound Swiggy’s valuation at $12.7 Billion, up 18% from last fundraise
Invesco, a US-based investor, has raised the valuation of Swiggy, a food and grocery delivery company, to $12.7 billion, according to filings submitted to...
Flipkart expands portfolio with nationwide bus booking services, introduces 25,000 routes across India
To cater to the growing number of commuters in the inter-city travel sector, e-commerce giant Flipkart has introduced bus services on its platform.Through collaborations...
Swiggy Instamart sees yet another high-profile exit as VP of Supply Chain Karan Arora resigns
In yet another key exit from Swiggy, Karan Arora, the Vice President and Head of Supply Chain Management at Instamart, a subsidiary of Swiggy,...
Swiggy’s strong financial performance sets stage for IPO: FY24’s first 9 months show robust growth
Ten years since its inception, the foodtech and quick commerce giant Swiggy is gearing up for a public debut this year, diligently ensuring a...
IPO-bound Swiggy merges InsanelyGood with Instamart
Swiggy, a prominent player in food and quick commerce, has merged its premium grocery vertical, InsanelyGood, with its quick commerce vertical, Instamart, as communicated...
IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...
Swiggy sees another top-level departure as Instamart VP Sidharth Satpathy steps down
In another top-level exit at Swiggy, Sidharth Satpathy, the Vice President of Instamart, a subsidiary owned by the food delivery giant, has resigned from...
Swiggy’s food delivery sales soar 17%, hits $1.43 Billion GMV in first half of FY24: Prosus
Swiggy's investor Prosus, in its financial filing, highlighted a significant milestone for Swiggy's core food-delivery business. The platform experienced a robust 17% growth, delivering...
Swiggy’s Instamart anticipates record users for Cricket World Cup Final
Swiggy is anticipating a "record number" of users for its quick commerce services during the highly anticipated Cricket World Cup final featuring India this...
Dhanteras sales boom: Blinkit, Swiggy Instamart, and Zepto witness rapid surge in festive purchases
On Friday, Blinkit, the rapid-commerce division of Zomato, a leading food delivery platform, announced a notable increase in the sales of gold and silver...
Swiggy’s Senior VP of Revenue and Growth, Anuj Rathi, steps down after seven years
Anuj Rathi, who served as the Senior Vice President (SVP) of Revenue and Growth at Swiggy, has tendered his resignation following a tenure of...
Swiggy’s Instamart launches ‘Instacafe’ to diversify and boost profits
Swiggy's Instamart has entered the cafe market with 'Instacafe', mirroring its rival Zepto's 'Zepto Cafe' launch. This strategic move aims to boost Swiggy Instamart's...