Sriharsha Majety
Just days before foodtech giant Swiggy submitted its updated draft red herring prospectus (DRHP) to SEBI, founder Sriharsha Majety and some investors offloaded shares worth INR 670 crore.Torroz͏͏ Fintech͏͏ Acquires͏͏ Swiggy Shares:On͏͏ September͏͏ 20,͏͏ Swiggy͏͏ co-founder͏͏...
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...
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IPO-bound Swiggy facing INR 327 Crore GST demand
Foodtech giant Swiggy faces potential goods and services tax (GST) liabilities totaling INR 326.7 crore, as indicated in its recently submitted updated draft red...
Hindustan Composites acquires 0.01% stake in Swiggy for INR 5.175 Cr
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...
Swiggy’s revenue from food delivery, Instamart reaches INR 7,800 Cr in FY24
IPO-bound Swiggy Ltd. saw a 35% increase in revenue from its top two businesses—food delivery and the quick-commerce unit Instamart—in FY24, along with a...
Prosus’ new CEO eyes collaboration opportunities between Swiggy and Delivery Hero
Prosus' soon-to-be CEO, Fabricio Bloisi, sees potential for collaboration and synergy between portfolio companies Swiggy and Germany's Delivery Hero.Prosus holds the largest stake in...
IPO-bound Swiggy resumes homestyle meal delivery service ‘Swiggy Daily’, integrates into main app
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
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...
Swiggy gets green light from shareholders for $1.2 Billion IPO
Foodtech giant Swiggy has secured approval from its shareholders for its initial public offering (IPO), as disclosed in regulatory filings. The company intends to...
IPO-bound Swiggy appoints Titan’s Suparna Mitra as independent director
Swiggy, a leading player in food delivery and quick commerce, has appointed Suparna Mitra as an independent director to its board.Mitra is the CEO...
Swiggy reports robust 40% revenue growth to INR 8,264 Cr in FY23, despite net loss crossing INR 4,000 Crore mark
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,...
IPO-bound Swiggy refutes speculations of doubling platform fee, emphasizes consumer-centric approach
Contrary to speculation suggesting that Swiggy might increase its platform fee for food orders from INR 5 to INR 10 in the upcoming months...
Swiggy may file IPO by fiscal year end, plans to raise capital with combination of offer-for-sale and new issue; Prosus contemplates stake reduction
Swiggy, the Bengaluru-based food delivery giant, is planning to file its initial public offering by the end of this fiscal year.The company plans to...
Preparations in full swing as Swiggy nears mega IPO launch later this year
Online food delivery platform Swiggy's Co-Founder and CEO Sriharsha Majety has said that all preparations are underway for its mega Initial Public Offering (IPO),...