Swiggy

Swiggy's board approved plans on Nov. 7 to raise up to ₹10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval

Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.

Amazon Now is scaling its instant delivery network rapidly, aiming to open two new dark stores daily and reach over 300 micro-fulfilment centres by 2025-end

Eternal, with its category leadership and Blinkit's rapid horizontal expansion, is well-positioned to replicate this trend in India, providing high visibility for sustained growth

Unique cuisines per user up 20 per cent; food services market seen topping $125 bn by 2030

Bolt now accounts for a tenth of Swiggy's orders, with higher stickiness and wider restaurant onboarding

The report showed that consumers are getting increasingly dependent on qcom platforms, and the frequency of shopping is also on the rise

In the January to June period this year, Swiggy grew its customer base by 35 per cent year-on-year (Y-o-Y) to 21.6 million and its GOV was up 43 per cent

According to JM Financial Institutional Securities, in a worst-case scenario, the amount payable by Eternal and Swiggy towards the fund would work out to around ₹2.1-2.5 per order

magicpin and Rapido have joined hands to take on the duopoly of Zomato and Swiggy, whereby the country's third largest food delivery player will plug its nationwide restaurant network to Rapido-owned platform Ownly, people aware of the development said. The partnership will open up magicpin's large restaurant base for Rapido, which launched Ownly in August, and has been looking to scale beyond Bengaluru. Once the onboarding process is complete, Rapido's Ownly will have access to over 80,000 restaurants across the country, whereas magicpin will gain access to Rapido's delivery fleet in certain locations. "Rapido primarily on-boards restaurants directly through our merchant team, with only a very small share coming via partners like magicpin. We also work with magicpin and others in select cities as a logistics provider, where our captain fleet supports last-mile deliveries. "Our focus remains on building reliable, affordable, full-stack discovery and delivery solutions for merchants

On-demand convenience firm Swiggy Ltd on Saturday termed the newly notified labour codes as a "transformative step" that will unlock far-reaching benefits for millions of workers. While supporting the government's vision of a modern and inclusive social security net, in a regulatory filing, Swiggy said it does not anticipate any material impact from the CoSS (the Code on Social Security, 2020) on its business sustainability, cost structure, or long-term financial performance. The government on Friday notified the four labour codes, which have rationalised 29 existing labour laws. These will formalise employment, strengthen worker protection, and make the labour ecosystem simpler, safer and globally aligned. Under the new codes, 'gig work', 'platform work', and 'aggregators' have been defined for the first time. The codes stipulate that aggregators employing gig workers must contribute 1-2 per cent of annual turnover to social security, with the total contribution not exceeding 5 per

Food delivery and quick commerce platforms like Zomato, Swiggy and Zepto must now contribute up to 2 per cent of their turnover for gig and platform worker welfare

Zomato, Swiggy and other delivery firms say customer phone numbers will be shared with restaurants only after clear opt-in consent

The government on Thursday said 26 leading e-commerce companies have self-declared that their platforms are free from dark patterns. Zepto, Zomato, Swiggy, Jiomart and BigBasket are among these 26 e-commerce platforms. This is a significant step towards protecting consumer interest in the digital marketplace, the Department of Consumer Affairs said in a statement. As many as 26 leading e-commerce platforms have voluntarily submitted self-declaration letters confirming compliance with the Guidelines for Prevention and Regulation of Dark Patterns, 2023, it added. The Department has been making efforts to curb deceptive online design practices that mislead or manipulate consumers. These 26 e-commerce players have conducted internal self-audits or third-party audits to identify, assess and eliminate any presence of dark patterns. "All 26 companies have declared that their platforms are free from dark patterns and do not deploy any manipulative user interface designs," the statement .

This move may end almost 10 years of disputes, during which restaurants accused food delivery apps of masking customer data

CLSA noted that India's largest consumption categories, those with market sizes above $1.5 billion, are concentrated in beauty and personal care products

The delivery partners can enrol for the courses via the Swiggy Partner app

Swiggy has informed select restaurant partners that it will begin charging an additional fee on Swiggy One orders from November 25, adding to existing commissions

Chandan Taparia, head of derivatives and technicals, Wealth Management at Motilal Oswal Financial Services, has recommended buying shares of Eternal and Swiggy

The company had started pilot testing the new app a few months ago. During that stage, while the app was available on the Google Play Store and Apple App Store, it could only be accessed by invitation