Friday, November 8, 2024

swiggy

Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved

Food Tech
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...

Swiggy’s Q1 loss widens 8% YoY to INR 611 Cr, operating revenue jumps 35%

Food Tech
IPO-bound Swiggy reported a consolidated net loss of INR 611 crore in the June quarter of FY25, an increase of over 8% from INR...

Swiggy files updated DRHP with SEBI for INR 3,750 Cr IPO

Food Tech
Foodtech giant Swiggy filed its first updated draft red herring prospectus (DRHP) with SEBI on Thursday, seeking to raise INR 3,750 Cr ($450 Mn)...

Swiggy attracts celebrity investors: Rahul Dravid, Karan Johar & others invest in pre-IPO round

Food Tech
Cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, director Karan Johar, and actor-entrepreneur Ashish Chowdhry are the latest celebrities backing foodtech giant...

Swiggy gets SEBI nod for IPO, eyes November listing

Food Tech
Foodtech giant Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering. Following͏͏ the͏͏ approval,͏͏ the͏͏ startup͏͏...

Ordering via food delivery aggregators costs INR 9,000-11,000 Cr annually: Report

Aggregators & Distribution
Ordering food through delivery aggregators ͏a͏dd͏͏s͏ ͏͏an ͏est͏im͏a͏͏t͏e͏d͏ I͏N͏͏R 9͏͏͏͏,͏000-͏1͏1,0͏00͏͏ c͏r͏o͏re in͏ e͏xtr͏a͏ co͏͏͏st͏s ͏͏a͏n͏n͏u͏ally ͏͏o͏͏n͏ aver͏age͏͏, a͏ccor͏d͏͏͏ing ͏t͏͏o ͏͏a ne͏w re͏͏͏port o͏n t͏he...

After Amitabh Bachchan, Madhuri Dixit acquires stake in IPO-bound Swiggy

Food Tech
Actor Madhuri Dixit is now the second Indian celebrity, following Amitabh Bachchan, to acquire a minority stake in the IPO-bound foodtech giant Swiggy. ͏I͏nv͏e͏s͏͏tm͏ent͏͏ ͏͏D͏͏͏eta͏i͏l͏s͏:͏...

Swiggy likely to have lower public market valuation than Zomato: Elara Capital

Food Tech
Brokerage firm Elara Capital anticipates that Swiggy will have a lower valuation than its competitor Zomato when it goes public. This expectation arises from...

Swiggy launches ‘Project Next’ to boost career growth for delivery partners and expand restaurant network

Food Tech
Continuing its expansion, foodtech giant Swiggy has launched Project Next, an initiative designed to offer career growth opportunities for its delivery partners and accelerate...

Modern Insulators acquires INR 5 Cr worth of Swiggy shares ahead of IPO

Food Tech
Modern Insulators, a listed manufacturer of porcelain insulators, is making a long-term investment of nearly INR 5 crore in Swiggy as the foodtech giant...

Quick commerce players ramp up 24×7 deliveries to meet festive season demand

Aggregators & Distribution
Quick commerce platforms are ramping up their 24x7 delivery services for the festive season to meet consumer demand around the clock, executives said. This...

Foodtech giant Swiggy to file DRHP this week

Food Tech
With reports suggesting an increase in the size of its initial public offering (IPO), foodtech giant Swiggy is now reportedly set to file its...
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