Page 33 - Swiggy

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

A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son

Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn

Swiggy aims to cover 800,000 km per day on electric vehicles by 2025

The food delivery giant has announced the commencement of trials that will increase the deployment of EVs in its delivery fleet

Reliance BP Mobility bets on EV battery swapping with Swiggy's fleet

RBML is also actively partnering with top OEMs, tech, and platform players for setting up fixed charging stations with a format-specific approach for cars (B2B fleets and B2C consumers) and buses

Swiggy commits to increase deployment of electric vehicles by 2025

The food aggregator looks to operate more sustainably

India quick commerce market to reach $5 bln by 2025: RedSeer report

Quick commerce refers to delivery of consumables within 45 minutes with a nominal delivery charge; Dunzo and Swiggy Instamart are some of the players

Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus

The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods

Food delivery giant Swiggy elevates Phani Kishan as co-founder

Swiggy was co-founded by Majety, Rahul Jaimini and Nandan Reddy in 2014.

CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy

Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn

Numerous instances of delay in payment by Zomato, Swiggy: NRAI

NRAI said there have been numerous instances of delay in payment by Zomato and Swiggy which has affected the entire cash flow of its partners.

CCI approves deal involving SoftBank Group entity buying stake in Swiggy

Competition Commission of India (CCI) on Monday gave its nod for a proposed deal involving SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy

NRAI approaches CCI against 'anti-competitive practices' by Zomato, Swiggy

The National Restaurant Association of India (NRAI) on Monday said it has filed additional information with the fair trade regulator CCI alleging "anti-competitive practices" by Zomato & Swiggy. Earlier on July 5, the association had said that keeping the interest of restaurants in mind and how they have been affected by the "inherently anti-competitive practices" of Zomato and Swiggy, it had on July 1 filed information with the Competition Commission of India (CCI). In the additional information NRAI has filed, it has alleged that Zomato and Swiggy are charging a commission in the range of 25 to 35 percent of the order value in 2020-21 and there have been numerous instances of delay in payment by the two aggregators which have affected the entire cash flow of its partners. "Zomato & Swiggy are forcing restaurant partners to give discounts on their platforms to maintain good visibility on the platform. They have shifted the entire cost burden on the restaurants," it added. The

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

Food delivery giant Swiggy's COO Vivek Sunder decides to move on

Sunder played a pivotal role in expanding the geographical footprint of the marketplace business taking Swiggy beyond more than 500 cities.

How hyperlocal delivery firms are helping a new breed of home chefs thrive

Well networked, they deliver packaged food swiftly, at the right temperature and under stringent hygiene and safety protocols; they also reach medicines, clothes and documents to the customer

Zomato IPO: Investors looking for clear path to profitability, say analysts

Investors are concerned that Swiggy, given its unlisted status, may have less investor pressure on profitability versus Zomato

Swiggy expands Covid-19 related benefits for 150,000 delivery partners

Paid time off, insurance and hospitalisation cover, support of Rs 14,000 for two weeks under "Swiggy Suraksha" package; doorstep delivery of home-style meals in some cities

Sick of dal-roti? Opt for delivery options that bring the restaurant home

You can get anything from pizzas to parathas in a box, with cloud kitchens, delivery apps and even home chefs delivering on the promise of hygiene, safety and health

SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.