Saturday, November 9, 2024

Phani Kishan Addepalli

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 the͏͏ stock-based͏͏ compensation͏͏ plan͏͏ rolled͏͏ out͏͏ in͏͏ April,͏͏ as͏͏ detailed͏͏ in͏͏ the͏͏...

Hindustan Composites acquires 0.01% stake in Swiggy for INR 5.175 Cr

News
Hindustan Composites, a listed auto ancillary company, has signed a share purchase agreement to acquire a stake in IPO-bound foodtech giant Swiggy for INR 5.175 crore. Deta͏ils͏ o͏f the Transaction: In a BS͏E fil͏ing, th͏e listed͏ co͏mpany ͏announced...

IPO-bound Swiggy resumes homestyle meal delivery service ‘Swiggy Daily’, integrates into main app

News
Foodtech giant Swiggy has reintroduced its homestyle meal delivery service, Swiggy Daily, after a four-year hiatus from its offerings. Originally launched in 2019, the...

Swiggy files confidential draft papers with SEBI for IPO launch

News
Swiggy, a prominent food delivery giant, has reportedly filed for an initial public offering (IPO) via confidential pre-filing route with the Securities and Exchange...

Holi festivities drive record-breaking sales for quick-commerce giants Swiggy Instamart, Zepto, and Blinkit

News
Over the long weekend, Holi festivities boosted online spirits as quick-commerce platforms like Zomato's Blinkit, Zepto, and Swiggy Instamart experienced a significant increase in...

Swiggy reports robust 40% revenue growth to INR 8,264 Cr in FY23, despite net loss crossing INR 4,000 Crore mark

News
Swiggy, the Bengaluru-based food delivery giant, saw its net loss cross the INR 4,000 Crore threshold for the financial year ending on March 31,...

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