Page 31 - Swiggy

India edges out China in creating new unicorns in H1CY22: Hurun report

As many as 147 unicorns worldwide saw their valuations drop in the last six months

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

'Middlemen' Swiggy, Zomato win once again, restaurants bear the brunt: NRAI

Association details the impact the new discount programmes of these two entities could have on eateries

Zomato, Swiggy discount progs against interest of restaurant owners: NRAI

The National Restaurant Association of India has written an advisory to its members against Zomato Pay and Swiggy Diner discount programmes saying these are against the interest of restaurant owners. The advisory alleges that 'middlemen' Zomato and Swiggy are making money at the cost of restaurants, who sign up to be on the Zomato Pay and Swiggy Diner programmes by making them compulsorily offer discounts and also pay commission fee on every transaction on these platforms. "Zomato Pay and Swiggy Diner both operate broadly on the same construct -- no cost/subscription fee to the customer to participate; restaurants must compulsorily offer a discount in the range of 15-40 per cent to be part of the program," NRAI wrote to its members. Further, it said, "Restaurants must also compulsorily pay a commission in the range of 4-12 per cent on every transaction made via the respective payment gateway to Zomato or Swiggy", while competing payment gateway charges are 1-1.5 per cent only. NRAI

Quick commerce not just a fad, here to stay, says Jefferies report

The Jefferies report was based on a visit to one of Blinkit's dark stores in NCR

MCA mulls imposing fines on unicorns over delay in filing financials

Swiggy had delayed its FY21 result filing by 11 months and Ola Electric was at least 13 months late in filing the financials with the RoC

Here's why a demand by a Swiggy customer in Hyderabad triggered outrage

A demand by a customer in Hyderabad on food delivery app Swiggy has triggered an outrage with many people demanding the company to blacklist the customer

High commissions by Swiggy, Zomato have restaurants turning to alternatives

New players like Thrive and DotPe, which charge less, are emerging as alternatives

Swiggy Instamart delivered 50 mn egg, 30 mn milk orders in past two years

Some 62,000 tonnes of fruits and vegetables were ordered on Instamart during the past year. This is the weight of about 15,500 Asian elephants, Swiggy said

What is moonlighting?

Of late Indian IT firms are grappling with a trend called moonlighting. While most organisations frown upon it, workers seem to be liking it. Let us delve into this debate

Dunzo Daily to increase delivery time and reduce distance: Report

Company backed by Reliance Retail won't expand to new cities after burning more than Rs 100 cr in the last quarter

Swiggy appoints Rohit Kapoor as CEO for its Food Marketplace business

With over 20 years of industry experience, Kapoor has held various leadership positions in sales and finance roles in leading companies such as Max India Limited and Mckinsey & Company

Best of BS Opinion: Normalising policy, 'Moonlighting' officially, and more

Here are the top BS Opinion articles of the day

'Moonlighting' officially

After-work-hour gigs is a new white-collar reality

Indian start-ups' road to profitability

Indian startups are shedding the extra flab put on during the days of easy money. Layoffs and cost restructuring are the only way out for them now. They are shifting from growth to profitability now

Swiggy announces moonlighting policy that allows employees side gigs

Projects should be outside office hours and must not clash with the food delivery company's business

Swiggy allows employees to work outside company to make more money

It said this could encompass activity outside of office hours or on weekends that does not impact their productivity on full-time job or have a conflict of interest with company's business in any way

Top headlines: HDFC Q1 net rises 22%; IOC posts Rs 1,993-cr net loss in Q1

Swiggy announced on Friday that it has extended its 'Future of Work' policy and announced a permanent work-from-anywhere for majority of roles.

Swiggy announces permanent work-from-anywhere policy for most roles

Corporate, central business and tech teams will converge once a quarter at their base locations for a week to promote in-person bonding; it's work from office for partner-facing employees

Zomato should have acquired Swiggy than Blinkit, says Ashneer Grover

Former BharatPe Co-founder and managing director Ashneer Grover said on Tuesday that Zomato should have acquired its arch rival Swiggy than 10-minute grocery platform Blinkit to avoid the mayhem