Page 28 - Swiggy

In a bid to rationalise costs, Swiggy sells cloud kitchen business

Swiggy started the Access platform between 2017 and 2019 with an investment of Rs 175 crore; announcements were made to infuse an additional 75 crore by March 2020, pandemic derailed expansion plans

Swiggy sells Cloud Kitchen biz to Kitchens@ as delivery growth slows down

The online food aggregator will become a stakeholder in Kitchens@ through the all-equity transaction of Swiggy's Access

Delhi bike taxi ban puts Swiggy and Zomato delivery partners in a fix

Although the order applies to taxi services only, companies claim their delivery partners have been unfairly targeted and issued challans by the police

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order by Delhi RTO

Food delivery apps Swiggy and Zomato have complained to the Delhi government against challans being issued to their two-wheeler riders in the name of a ban on bike taxi services in the national capital. The food delivery platforms have also sought clarification from the government on the directive while claiming that there has been misinterpretation of the notice as the ban is applicable on bike taxi service providers. Swiggy in a letter to the government has said that food delivery riders are being fined up to Rs 15,000 in the garb of the ban on bike taxi services. "The recent changes in regulations on bike taxi services in Delhi have caused confusion and disruption to food/quick commerce delivery aggregators. Our delivery executives are being wrongly issued challans despite the notification being applicable only to bike taxi service providers," a Swiggy spokesperson told PTI. He said some of the challans issued to delivery executives are in excess of Rs 15,000. "This has ...

Delivery boys being harassed in Delhi: Swiggy, Zomato raises concern

Online food delivery platform Swiggy said the recent changes in regulations on bike taxi services in Delhi have caused confusion and disruption to their services, creating panic among executives

IPO-bound Swiggy announces Dineout offerings for all users across 24 cities

The firm's quick commerce arm, Instamart, is currently operational in over 25 cities, and Genie - its pickup and drop service - is available in 68 cities

Zomato planning to set up 'Rest Points' for its delivery partners

Online food delivery platform Zomato on Thursday said it is building public infrastructure called 'Rest Points' to support the entire gig economy and delivery partners of various companies. In a blog post, the company's Founder and CEO Deepinder Goyal informed that it already has two 'Rest Points' operational in Gurgaon and plans to create more rest points in the most dense clusters of its food delivery business. Rest Points offer clean drinking water, phone-charging stations, access to washrooms, high-speed internet, a 247 helpdesk and first-aid support. Goyal, however, did not disclose the number or the location for setting up these Rest Points. "We recognise that delivery partners face multiple challenges while on the job, from navigating through traffic to delivering orders in inclement weather conditions. "In line with our commitment to their welfare, we are delighted to announce The Shelter Project under which we have started building public infrastructure (called Rest Poin

Swiggy Instamart scales up tech to deliver 1 mn roses in Valentine's week

Other products which are witnessing huge demand, especially during Valentine's week on Instamart include chocolates, teddy bears, greeting cards and curated gift boxes

Reliance JioMart shuts its 90-minute delivery service 'Express': Report

Now, JioMart is asking users to use WhatsApp to order groceries for a delivery time of a few hours to a day

Quick commerce firms deliver last-minute Valentine's gifts amid rosy demand

Platforms like Zepto, Dunzo, Blinkit and Instamart have seen huge uptick in demand for Valentine's Day goodies this week

Served fair: Zomato, Swiggy cap password sharing for loyalty schemes

Members will be able to use their accounts only on two devices as companies aim to plug misuse

Goldman Sachs Asset Management raises $5.2 billion, to invest globally

The fund has invested in Indian companies such as Swiggy, MoEngage, and ElasticRun

IPO-bound Swiggy names Delhivery chief, two others as independent directors

New appointments will strengthening governance, says food delivery platform

Swiggy announces appointment of three independent directors to its Board

Swiggy on Monday announced it has appointed three independent directors to its Board - Mallika Srinivasan, Padma Shri awardee and Chairman and Managing Director of TAFE; Shailesh Haribhakti, Chairman of Shailesh Haribhakti & Associates; and Sahil Barua, Managing Director and CEO at Delhivery.

Swiggy lays off 380 employees, CEO dubs over-hiring a 'poor judgement'

Sriharsha Majety says 'I should've done better here'; firm shuts down meat marketplace business

Swiggy lays off 380 employees, CEO says 'very difficult decision': Report

CEO Sriharsha Majety said the growth rate has slowed down more than the company's projections

Swiggy planning fresh layoffs; may cut 8-10% from 6000-strong workforce

The plan for layoffs comes at a time when Swiggy is aspiring to turn operationally profitable before its IPO

Swiggy announces free ambulance service for all delivery executives

Food delivery firm partners with Dial4242 Ambulance Services for 'industry-first initiative'

Instamart tests Swiggy's appetite for biz growth amid rising losses

With its rapid cash burn rate, early investors are questioning the food delivery platform's venture into quick commerce

Costs near Rs 10K crore, Swiggy losses widen 2x to Rs 3.6K crore

Its FY22 results show 2.3x improvement in revenue