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Foodtech giant Swiggy witnesses significant jump in losses, reaching $545 Million in 2022
Swiggy, a prominent player in the food and grocery delivery industry, witnessed a significant jump in its loss according to the annual report of...
Invesco maintains confidence in Swiggy, holds valuation steady at $5.5 Billion
Invesco, the Atlanta-based investment firm, has maintained the valuation of the Indian foodtech giant Swiggy at $5.5 billion as of April 30, 2023, as...
Swiggy capitalizes on growing late-night food demand, expands delivery options
According to Swiggy, a popular food delivery app, the trend of late-night binging is experiencing a significant increase. The company reported a notable surge...
Anand Sweets to expand retail operations, eyeing overseas markets with frozen foods
Bengaluru-based Anand Sweets & Savouries Ltd is making significant strides in expanding its reach within the domestic market. The company has set its sights...
Food delivery aggregators contribute one-third of eateries’ revenue: JM Financial report
Despite the fact that approximately 75% of restaurants have their own direct ordering channels, including their own apps, websites, social media connections, and direct...
ONDC experiences remarkable surge in retail orders, crosses 30,000 milestone despite reduced incentives
According to insiders, the Open Network for Digital Commerce (ONDC) witnessed a significant surge in retail orders last weekend, reaching an impressive milestone of...
Online food delivery platforms log just 7% spike in orders during IPL 2023
According to a recent report, online food delivery platforms experienced a moderate 7 percent increase in orders throughout the recently concluded Indian Premier League...
ONDC revamps incentive structure, imposes INR 100 limit on discounts for participants
The Open Network for Digital Commerce (ONDC) recently updated its incentive scheme for network participants, aiming to reduce reliance on discounts as a means...
Swiggy’s winning dish: Biryani reigns with a staggering 212 orders per minute during IPL 2023
IPL 2023 concluded with a thrilling finale between the Chennai Super Kings (CSK) and the Gujarat Titans (GT), providing fans with a nail-biting finish....
Swiggy braces for another top-level departure as SVP Anuj Rathi likely to leave
In a recent development, it has been revealed that Anuj Rathi, the Senior Vice President of revenue and growth at Swiggy, the renowned food...
Former Swiggy CTO Dale Vaz raises $7-10 Million in funding for promising wealth-tech startup
Dale Vaz, renowned for his role as the outgoing Chief Technology Officer (CTO) at Swiggy, has made waves in the startup ecosystem with his...
Swiggy faces another valuation setback as Baron Capital revises fair value to $6.5 Billion, second downgrade in a few months
Swiggy, the renowned food delivery decacorn, continues to face setbacks as Baron Capital, a US-based firm, has recently revised the startup's fair value to...