Page 16 - Swiggy

Wait Over! Swiggy IPO to open post Diwali: Key details for investors

SoftBank-backed Swiggy's IPO is set to open for public subscription on Wednesday, November 6, 2024. Check the key details, including price band, latest GMP, and other details, here

Swiggy aims to kick off $1.35 billion India IPO mid-next week: Report

The IPO will open for bids from Nov. 6 to Nov. 9, and shares are expected to start trading from Nov. 13

Here's why a lot can go wrong when everything arrives in just 10 minutes

To have at least half a dozen options for quick commerce is a good thing in an economy where concentration of large monopolies and duopolies is on the rise

Quick commerce race tightens as Tata set to enter market with Neu Flash

For grocery deliveries, Neu Flash will utilise BigBasket while Croma will provide electronics and mobile phones, and Tata Cliq will manage fashion and lifestyle products

Swiggy cuts IPO valuation again, to $11.3 bn, BlackRock and CPPIB to invest

Swiggy does not want a bad IPO, a source said. Its last funding round, led by Invesco, valued it at $10.7 billion in 2022

Swiggy introduces 'Swiggy Seal' during the festive season; what is this?

The Swiggy Seal, a badge for restaurants upholding strict hygienic standards, is introduced by Swiggy. Currently based in Pune, the project will eventually expand to more than 650 Indian locations

Swiggy unveils 'International Logins' for NRIs from 27 countries

The International Logins feature enables those residing outside India with international numbers to transact on Swiggy Food, Swiggy Instamart, Swiggy Dineout and Swiggy Genie

Swiggy's new feature to let NRIs order food, groceries, gifts in India

This permanent feature allows international users to not only order food but also access Instamart, Swiggy's quick commerce platform, and make table reservations via Dineout

Swiggy cuts valuation target for IPO to $12.5-13.5 bn due to mkt volatility

Swiggy was earlier targeting a $15 billion valuation for its $1.4 billion November IPO which will be the country's second biggest stock offering this year, behind Hyundai India's debut this week

Food delivery just got pricier: Swiggy joins Zomato with Rs 10 fee hike

Zomato has communicated that its festive season hike is temporary, whereas Swiggy has not offered any such clarification

FMCG distributors body allege predatory pricing by Blinkit, Swiggy, Zepto

Retail distributors' body AICPDF has accused some quick commerce platforms of engaging in predatory pricing that leads to unfair competition with small retailers. The CCI will investigate the complain

Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India

Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year

Karnataka plans 1-2% levy on aggregator platforms like Swiggy, Zomato, Uber

The levy of such a fee is part of the state govt's draft notification on Platform-based Gig Workers (Social Security and Welfare) Bill, 2024

Zomato vs Swiggy: Macquarie compares food delivery, quick commerce biz

Zomato, Swiggy IPO: Swiggy, Macquarie said, seems to be 4-6 quarters behind Zomato in food delivery and quick commerce

Cut-throat competition forces Blinkit to revise 'zero notice' policy

Facing pressure from rivals such as Zepto, Flipkart, and Swiggy, which are aggressively competing to attract and retain top talent, Blinkit has extended its notice period policy from zero to 2 months

It has been stock picker's market since quite some time now: Rajesh Bhatia

Our emphasis is on careful stock selection within sectors, rather than making significant overweight or underweight sector bets, Bhatia said

Swiggy's $271 mn Esop plan benefits top brass before $1.25 bn IPO launch

The Esop grants have a vesting period ranging from one to eight years, meaning that the actual value of the stock awards will depend on Swiggy's performance post-IPO

BigBasket, Urban Company lead in fair pay; most platforms fall short

Booming gig economy, dismal pay: Fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses

Reliance Retail enters quick commerce, challenges Blinkit, Swiggy Instamart

With plans to expand to 1,150 cities and deliver groceries in just 10-30 minutes, Reliance is set to shake up the market, offering customers speed, convenience, and savings

$35 million to $29 billion: How Deepinder Goyal built the Zomato empire

In a recent interview, Deepinder Goyal talks about Zomato's journey, from soaring highs to challenging lows, with candid insights on surviving and thriving in the food delivery industry