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Former Swiggy executive Kedar Gokhale launches agritech venture ‘Orbit Farming’ targeting mid-sized Indian farmers
Kedar Gokhale, the former vice president of operations at Swiggy, has announced the launch of his new agritech venture, Orbit Farming.With this move, Gokhale...
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,...
Quick-commerce unicorn Zepto considers reverse flip to India, targets IPO in 2026
In a strategic move, Nexus-backed Zepto is actively considering a reverse flip to India. According to sources close to the company, Zepto aims to...
Zomato revamps gold loyalty program, discontinues ‘on-time guarantee’ benefits for new memberships
Food delivery platform Zomato has modified its loyalty program, Gold, by discontinuing the 'on-time guarantee' benefits for memberships purchased or renewed from November 25,...
Karthik Gurumurthy secures $3 Million funding led by Matrix Partners India for innovative fresh produce retail venture ‘Convenio’
Karthik Gurumurthy, the visionary behind the successful growth of Swiggy Instamart from its inception in 2020 to an impressive valuation of nearly $1 billion,...
Swiggy breaks new ground: Becomes the first food delivery platform to launch services in Lakshadweep
Swiggy, a leading on-demand convenience platform, is achieving a significant milestone in its nationwide expansion. Coinciding with India's 75th Republic Day celebrations, Swiggy is...
IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...
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),...
Domino’s Pizza in Delhi-NCR joins ONDC to boost profit margins
A number of Domino's Pizza outlets in the Delhi-NCR region have now joined the Open Network for Digital Commerce (ONDC). This strategic move is...
Swiggy sees another top-level departure as Instamart VP Sidharth Satpathy steps down
In another top-level exit at Swiggy, Sidharth Satpathy, the Vice President of Instamart, a subsidiary owned by the food delivery giant, has resigned from...