Page 32 - Swiggy

Swiggy to invest $700 mn in its express grocery delivery service Instamart

Swiggy Instamart is currently doing more than 1 million orders per week and will start 15-minute deliveries in top cities by January 2022

Swiggy to invest $700 mn in grocery delivery service Instamart

First launched in Bengaluru and Gurugram last year, Instamart is set to reach an annualised gross merchandise value run rate of $1 billion in the next three quarters, Swiggy said

Swiggy valued at $10.5 billion in $700-million Invesco-led round

Valuation has doubled since it was valued at $5.5 billion in April

Swiggy food delivery revenue up 56% in H1, doubles from level before Covid

At the end of the quarter, the company had 127,000 restaurant partners and more than 250,000 delivery partners.

Swiggy launches expansive programme with benefits across food and groceries

Upgraded membership scheme 'Swiggy One' offers unlimited free deliveries and discounts; benefits will embrace other offerings such as pick up and drop service Swiggy Genie and Meat stores

Swiggy's new membership programme offers unlimited free deliveries

Food delivery platform Swiggy on Monday launched an upgraded membership programme 'Swiggy One' -- a comprehensive plan that offers its members unlimited free deliveries, discounts

From high-street QSR to cloud kitchen unicorn: The Rebel Foods story

Inside Faasos' parent Rebel Foods' kitchens we see chefs understand automation, machines remember recipes

Swiggy isn't the only company complaining about forced GST payment

Tax consultants allege many others face coercion from field officers

GST row: Karnataka HC asks govt to consider refund of Rs 27 cr to Swiggy

Firm had said the money was collected from it by coercion during a probe by Directorate General of Goods and Services Tax (intelligence) on alleged wrongful availment of input tax credit

Swiggy to give 2-day paid monthly period leave to female delivery partners

Other initiatives from Swiggy include enabling access to vehicles, access to hygienic restrooms, implementing safety measures for female delivery partners

Swiggy plans entry into community commerce with Swiggy Bazaar: Sources

Firm plans to leverage group buying model, puts out job postings on LinkedIn and Getwork for the upcoming vertical

Swiggy announces two liquidity events over 2 years for employees with ESOPs

The entire exercise is expected to be worth $35-40 million at the company's current valuation

Swiggy eyes category larger than food delivery; to change Supr's structure

Swiggy's foray into grocery delivery started with the acquisition of Supr Daily in 2018

Food aggregators see spike in number of user complaints: LocalCircles

Most complaints were about hygiene and quality. LocalCircles users complained of having received stale, expired or poorly packaged food when they ordered on aggregators' apps

GST Council extends concessions on certain Covid drugs till Dec 31: FM

The all-powerful GST Council on Friday extended concessional tax rates on certain Covid-19 drugs by three months till December 31

Top headlines: Food startups brace for GST menu; Apple unveils new range

Business Standard brings the top headlines of the day

Swiggy sets up development centre in Gurgaon, home turf of rival Zomato

The centre in Gurgaon will focus on building platforms and applications that will improve the overall experience of Swiggy's more than 150,000 restaurant partners across 500 cities and towns in India

Google-backed Cuemath appoints former Swiggy COO Vivek Sunder as CEO

As a chief operating officer, Sunder had scaled Swiggy's business manifold.

Edtech firm Cuemath appoints former Swiggy executive Vivek Sunder as CEO

Cuemath, an online math learning platform, on Thursday said it has appointed former Swiggy executive Vivek Sunder as its Chief Executive Officer.

Next 500 towns to be key growth drivers in the long run: Swiggy

The food aggregator's revenue from adjacent services is expected to be 50% over next 3-4 years from 25% now, says ICICI Securities report based on talks with Swiggy CFO Rahul Bothra