Page 42 - Swiggy

After Swiggy, five more start-ups are waiting to join billion-dollar club

Freshworks, valued a bit lower at $700 million, is a provider of cloud-based software solutions to businesses across the globe

Swiggy gets battle ready; raises $210 mn from Naspers, DST Global

Latest round pegs company's valuation at $1.3 billion, making it the most valuable online food ordering platform in India

Swiggy raises $210 mn in fresh round of funding led by Naspers, DST Global

The latest investment follows a $100-mn Series F round in February, which was also led by Naspers

Tier-II drive: Swiggy enters Jaipur, ties up with 300 restaurants

Last month, after its launch in Chandigarh the startup had said it would soon expand to neighbouring cities Mohali, Panchkula and Zirakpur

Swiggy debuts in Ahmedabad, ties up with 300 restaurants

Foodtech player banking on its delivery fleet, live order tracking system to click in newer markets

Swiggy partners with Indifi Technologies to provide loans to restaurants

Online food ordering and delivery service Swiggy has partnered with Indifi Technologies to launch Swiggy Capital Assist, a programme to provide unsecured loans to restaurants listed on the platform.The programme will look to provide restaurant partners with working capital loans that will be processed in under 24 hours and disbursed within a week. Swiggy said that the loans will help partners expand their business both through it as well as offline."Through Swiggy Capital Assist, we want to leverage our credibility to provide fair and hassle-free financing options to our restaurant partners, much like our seamless delivery service." said Sriharsha Majety, CEO of Swiggy, in a statement.Indifi Technologies will offer collateral free loans without any initial deposit and at fair interest rates. The move is similar to what large e-commerce players did for their vendors, by arranging quick working capital loans based on the financial data of partners that the online platforms had ...

Swiggy partners Indifi to launch Capital Assist programme for restaurants

Swiggy Capital Assist will enable partner restaurants to avail collateral-free loans without initial deposits at a fair interest rate

Swiggy denies reports of employee churn, fraud against investors

An anonymous blog post had accused the company of wrongdoing

Swiggy revamps app to enable faster orders, quicker delivery

New application provides a snapshot of trending offers and personalised suggestions for food outlets

Swiggy taps customer data to help restaurants scale up

Sudhakar Vempalle, co-founder of a fast food restaurant chain here called Leon Grill, plans a fourth outlet in the upmarket locality of Koramangala that also houses a large number of start-ups. His decision is partly instinct but also based on data shared by online food ordering platform Swiggy. Over half the orders from Leon Grill's first outlet near Indiranagar here are now routed through Swiggy, making the online platform a formidable ally in the chain's growth. Even at its two newer outlets in HSR Layout and St Mark's Road, online orders make up 35 per cent and 15 per cent, respectively, of the orders. "Initially, we went with our gut instinct and opened the first two outlets. When we asked for data from Swiggy, they told us there's a lot of demand from Indiranagar and in Koramangala. So, in the next seven to eight months, that's where we'll be going," says Vempalle. Swiggy, which over recent months has set up a data science team, is looking to help restaurants like Leon Grill ...

Swiggy ropes in Mukesh Bansal as a strategic advisor

Bansal recently sold his fashion discovery portal Myntra to e-commerce giant Flipkart

For a bigger share of the pie

Instead of spending money on raising awareness at the top of the purchase funnel, Swiggy is focused on investing across the entire customer journey

Swiggy raises $15 million funding from Bessemer

The firm currently operates in 7 cities, says it's profitable in Hyderabad and Bengaluru unit

Swiggy, Mobikwik tie-up for digital payments

The company however did not provide the financial details of the tie-up