Page 3 - Udisha Srivastav

Swiggy's H1 FY26 losses surge 109% to $178 mn: Dutch investor Prosus

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

SBI Ventures to launch ₹2,000 crore fund for climate-tech investments

Speaking at the second edition of the IVCA Green Returns Summit on Monday, Prem Prabhakar, managing director and chief executive officer of SBI Ventures

Wealthy secures ₹130 cr in funding led by Bertelsmann India Investments

The Series B round led by Bertelsmann India Investments will help expand Wealthy's AI platform and support MFDs who still rely heavily on manual processes

Zomato, Swiggy to give up to 2% yearly turnover for welfare of gig workers

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

Will give data to restaurants with user consent: Food delivery firms

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

Zepto pilots Super Mall for high-value orders, launches diagnostics service

Zepto has begun piloting Super Mall for premium, non-grocery products and launched an in-app diagnostics service as the quick commerce platform tests new categories to improve margins

Want to be Hyderabad's go-to institutional investor, says Kalyan Sivalenka

The managing director of the Hyderabad Angel Fund says they are open to joining hands with other prominent VCs, and are looking to back mature businesses and entrepreneurs that are based in the city

Swiggy signs MoU with upGrad for skill development of delivery partners

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

Mumbai to launch first residential drone-enabled deliveries in early 2026

SkyeAir and Siddha Sejal Group will introduce Mumbai's first drone-powered residential delivery service in early 2026, offering faster access to essentials, packages, and e-commerce orders

Mirova invests $30 mn in Varaha's Kheti soil carbon project in India

Mirova has invested $30 million in Kheti soil carbon project, marking its first India carbon deal and its largest commitment under nature-based strategies aimed at scaling regenerative farming

Job-tech platform Masai aims to triple revenue, plans overseas expansion

The company offers both pre-paid and pay-after-placement models, and has partnered with leading Indian institutions like IITs and IIMs for its upskilling programmes

Logistics firms turn to smart routing, AI to fast-track festive returns

As online orders and returns surge during the festive season, logistics firms like Shiprocket, Prozo, and Zippee are turning to smarter routing, automation, and network optimisation

Software firm Salesforce to train 100K Indian learners in AI by June 2026

Salesforce, in partnership with SmartBridge, will train 100,000 learners across Tier-II and Tier-III cities in AI skills under the YuvaAI Bharat: GenAI Skill Catalyst programme by June 2026

Swiggy expands Crew travel and lifestyle app to major metro cities

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

IFC invests $60 million in Everstone Capital's new Fund V initiative

IFC's $60-million investment in Everstone Capital's Fund V will target high-growth sectors such as healthcare, technology, consumer goods, and financial services across India and Southeast Asia

Swiggy board okays plan to raise ₹10K cr via public, private offers

Swiggy's board has cleared a proposal to raise up to Rs 10,000 crore through QIP and other routes to fund growth in its quick commerce business and strengthen financial reserves

Nykaa Q2FY26 results: Net profit triples to ₹34 crore, revenue grows 25%

FSN E-Commerce Ventures, parent of Nykaa, reported a 3.4x rise in net profit to Rs 34.43 crore in Q2FY26, with its beauty and fashion verticals driving 25% revenue growth.

Want to list our firm while it's in growth phase, says Alakh Pandey

Founder Alakh Pandey says the IPO aims to strengthen governance, expand affordable education, and reward retail investors as the company enters its next growth phase

PhysicsWallah sets ₹3,480 cr IPO price band ahead of Nov 11 share sale

Cofounders say they will not entertain investors who them to increase course prices for revenue

Zepto, Blinkit, Instamart club orders to cut costs, boost efficiency

The move extends delivery times and lowers per-order payouts for delivery partners