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Monday, October 14, 2024

Tag: IPO

D2C grooming brand Menhood’s compliance officer Ankita Soni resigns

Leadership
D2C men’s grooming startup Menhood's company secretary and compliance officer, Ankita Soni, has resigned. In͏͏ a͏͏ filing͏͏ with͏͏ NSE͏͏ Emerge,͏͏ the͏͏ D2C͏͏ startup͏͏ announced͏͏ that͏͏ Ankita͏͏ Soni’s͏͏ resignation͏͏ took͏͏ effect͏͏ on͏͏ October͏͏ 5.͏͏ Appointed͏͏ in͏͏ December͏͏ 2023,͏͏...

Zomato allocates INR 330 Cr in stock options to employees through ESOPs

Food & Beverage
Foodtech giant Zomato has granted approximately 12 million stock options through its employee stock option plans (ESOPs). In͏͏ an͏͏ official͏͏ filing͏͏ dated͏͏ October͏͏ 2,͏͏ 2024,͏͏ the͏͏ company͏͏ revealed͏͏ that͏͏ a͏͏ total͏͏ of͏͏ 11,997,768͏͏ stock͏͏ options͏͏ have͏͏...

IPO-bound Swiggy grants $271 Mn in ESOPs to founders, top executives

Food & Beverage
IPO-bound foodtech giant Swiggy has granted employee stock options valued at $271 million to its founders and top management. This͏͏ move͏͏ is͏͏ part͏͏ of͏͏...

Zomato shares surge 4% as HSBC raises PT to INR 330

Food & Beverage
Zomato shares surged over 4% in early trading today after brokerage HSBC reaffirmed its 'buy' rating, citing the company's lead over Swiggy in growth...

Zomato’s Deepinder Goyal excluded from Shark Tank India as rival Swiggy takes sponsorship

Industry
Deepinder Goyal, cofounder and CEO of Zomato, will not be participating in the next season of Shark Tank India, as Swiggy, a competing foodtech...

IPO-bound Swiggy launches EV fleet for bulk orders in Gurgaon

FMCG
As part of its aggressive push ahead of its public listing, the firm Swiggy has launched a bulk ordering service called Swiggy XL EV...

IPO-bound Swiggy launches 10-minute food delivery service ‘Bolt’

Food Tech
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...

IPO-bound Swiggy pilots concierge service targeting premium customer base

Food Tech
IPO-bound Swiggy has reportedly started testing a premium concierge membership, offering subscribers exclusive access to high-end experiences and events not available to the general...

Karnataka CID takes over investigation of Swiggy’s INR 33 Cr embezzlement case

Food Tech
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

Food Tech
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,...

Invesco raises Swiggy valuation by nearly 25% to $13.3 Bn ahead of IPO

Food Tech
US-based asset manager Invesco has raised the valuation of foodtech giant Swiggy to $13.3 billion,,͏͏ reflecting͏͏ a͏͏ nearly͏͏ 25%͏͏ jump͏͏ from͏͏ the͏͏ investor's͏͏ last͏͏...

Swiggy Instamart launches 24×7 delivery service in Delhi-NCR ahead of festive season

Aggregators & Distribution
With the festive season approaching, quick commerce giant Swiggy Instamart has launched a 24×7 delivery service in the Delhi-NCR region. In͏͏ a͏͏ statement,͏͏ the͏͏ company͏͏...

BizDateUp co-founders acquire stakes in IPO-bound Swiggy

Food Tech
In a bold move, venture capitalists and co-founders of BizDateup, Jeet Chandan and Meet Jain, have acquired an undisclosed stake in Swiggy, the IPO-bound...

As quick commerce boom continues, Tiger Global eyes stake in Zepto

Aggregators & Distribution
As the quick commerce competition intensifies in India, with companies branching out from FMCG and groceries to a broader range of consumer goods, Tiger...
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