Friday, November 8, 2024

swiggy

Swiggy Instamart’s Karthik Gurumurthy debuts cricket activewear brand Ten X You

Fashion
Karthik Gurumurthy, the former architect of Swiggy Instamart, has unveiled his new venture, Ten X You, an activewear brand he founded in July. He made the announcement on LinkedIn, marking his entry into the sports and...

Swiggy secures INR 5,085 Cr before IPO, issues 13.03 Cr shares

Growth
Foodtech giant Swiggy raised INR 5,085 Cr on Tuesday, November 5, from anchor investors at INR 390 per share, ahead of its IPO. The company issued 13.03 Cr shares to 75 anchor investors, including Fidelity, HSBC...

Swiggy sets IPO price band at INR 371-390, valuing company at $11.3 Bn

E-Commerce
Swiggy has set the price band for its upcoming IPO at INR 371-390. At the upper end, the company will be valued at $11.3...

Swiggy’s $11.3 Bn IPO Opens on November 6

E-Commerce
The Initial Public Offering (IPO) of Swiggy is opening for subscription on November 6 and is scheduled to close on November 8, 2024. The...

Swiggy rolls out ‘international login’ for overseas food orders

E-Commerce
Swiggy has introduced ‘international login' allowing people abroad to order food and groceries for their families and loved ones in India. Swiggy’s ‘international login' available...

Swiggy lowers IPO valuation to $13.5 Bn amid market volatility

E-Commerce
Swiggy has reportedly lowered the valuation target for its upcoming initial public offering IPO to between $12.5 Bn and $13.5 Bn. Originally aimed for a...

Swiggy introduces ‘Seal’ programme to enhance restaurants hygiene standards

E-Commerce
Swiggy has launched a new initiative called the 'Seal' programme to improve hygiene and food quality among its restaurant partners. Currently live in Pune,...

Swiggy Instamart faces criticism for adding free Tomatoes to cart, netizens slam

E-Commerce
A Bengaluru man’s post went viral after he criticised Swiggy Instamart for adding free tomatoes to his order. Though the 500 grams of tomatoes...

Swiggy delivers 11,000 vada pavs in collaboration with Singham Again team, sets world record

E-Commerce
Food delivery platform, Swiggy and the team of Singham Again set a new Guinness World Record for the largest vada pav order in one...

Swiggy’s co-founder Sriharsha Majety, investors cash out INR 670 Cr ahead of IPO

Food & Beverage
Just days before foodtech giant Swiggy submitted its updated draft red herring prospectus (DRHP) to SEBI, founder Sriharsha Majety and some investors offloaded shares...

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,͏͏...

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...
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