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Baron Capital raises IPO-bound Swiggy’s valuation to $15.1 Billion
Baron Capital, a US-based asset manager, has marked up the valuation of Swiggy to $15.1 billion, as indicated in regulatory filings with the US...
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...
Zomato mulls revival of lending business, enters talks with NBFCs for merchant lending
Zomato, a major player in the foodtech industry, has reportedly initiated discussions with various non-banking financial institutions to offer working capital loans to its...
House of Biryan set to spice up Delhi and Pune with 35 new outlets by 2025, eyes INR 100 Cr revenue boost
House of Biryan, renowned for its signature customizable biryani offerings, plans to inaugurate 35 new outlets in diverse locales across Delhi and Pune, elevating...
Rapid growth of Zomato and Swiggy to dent QSR sales: BNP Paribas Report
The swift growth and increasing popularity of foodtech giants Zomato and Swiggy are expected to negatively impact sales in the quick-service restaurant (QSR) sector,...
Swiggy reveals burger ordering trends on International Burger Day
To mark International Burger Day 2024, Swiggy, a foodtech giant, has shared insights into burger ordering trends over the past year. With close to...
Zomato and Swiggy prioritize order frequency to drive growth amid slow user acquisition
A slowdown in user addition over the last few quarters has led online food-delivery platforms Zomato and Swiggy to prioritize increasing the frequency of...
From Behrouz to Biryani by Kilo: Companies cash in on India’s biryani frenzy
Biryani has become the most ordered and beloved dish on online platforms, with its demand continuing to rise this year. This surge in popularity...
WickedGud diversifies product portfolio, launches healthy Cup Noodles on Swiggy Instamart
WickedGud, the FMCG brand dedicated to offering healthier food choices in India, has unveiled its newest addition, Cup Noodles. The debut on the retail...
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...
Axis Capital initiates coverage on Zomato with ‘buy’ rating, sets price target of INR 254
Axis Capital, a brokerage firm, has initiated coverage of foodtech giant Zomato with a 'buy' rating, noting that the company provides a "compelling investment...
Swiggy rolls out Mobile Medical Units and Teleconsultation for delivery partners
Swiggy has introduced two new initiatives to enhance the health and well-being of its delivery partners starting this summer. Collaborating with Dial 4242 and...