Sriharsha Majety
Latest News
Swiggy shares surge nearly 17% on debut; market valuation breaches Rs 1 lakh-cr mark
PTI -
The stock listed at Rs 412, reflecting a jump of 5.64% from the issue price on the BSE. During the day, it surged 19.30% to Rs 465.30. Shares of the firm ended at Rs 455.95, up 16.91%New Delhi: Shares...
Latest News
Swiggy says unaffected by urban demand slump; launches Rs 11,330-cr share sale
PTI -
The issue comes amid a series of IPOs in the recent past including South Korean car maker Hyundai's mega Rs 28,000-crore issue.New Delhi: Food delivery app Swiggy on Wednesday launched a Rs 11,330-crore initial share sale, asking investors to...
Retail
'Consumers adapted to post-COVID reality quickly in retail through digital, omnichannel'
Consumers have quickly responded to the changed circumstances post the COVID-19 outbreak by opting for e-commerce and omnichannel services, industry leaders said on Friday.
According to a PTI report: There has been a shift in consumer behaviour in favour of...
Food
Swiggy sacks 1,100 employees as COVID-19 derails cloud kitchens
IANS -
Food delivery platform Swiggy on Monday announced to lay off 1,100 employees spanning across grades and functions in the cities and head office over the next few days as COVID-19 continues to hurt its business.
All impacted employees will receive...
Food
Swiggy co-founder Rahul Jaimini quits
IANS -
Food delivery platform Swiggy on Thursday said its Co-founder and CTO Rahul Jaimini, is moving away from his active role in May to join Pesto Tech, a career accelerator startup as their co-founder.
Jaimini who worked at Swiggy for 6...
Food
Lockdown: Swiggy plans to serve 5 lakh meals daily to the needy
Food delivery platform Swiggy on Thursday said it has tied up with commercial kitchens, NGOs and state governments to provide daily meal to thousands of underprivileged, daily wagers and stranded migrant labourers during the 21-day lockdown.
Having served over 2,50,000...
Food
Swiggy sets up COVID-19 relief fund for its delivery partners
Food delivery platform Swiggy on Tuesday said it has set up a relief fund called ‘Swiggy Hunger Savior Covid Relief Fund which will be used towards the safety and welfare of delivery partners and their families.
The corpus for the...
Food
Swiggy raises US$ 113 mn from investors led by Prosus
Food ordering and delivery platform Swiggy on Wednesday said it has raised US$ 113 million (over Rs 805 crore) in the latest funding round led by existing investor Prosus NV. Meituan Dianping and Wellington Management Company also participated in...
Food
Swiggy invests Rs 175 cr to set up 1,000 cloud kitchen in India
IANS -
Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its ‘Swiggy Access’ initiative.Swiggy said...
Food
Swiggy launches ‘Daily’ app for homestyle meals
IANS -
Homegrown food delivery start-up Swiggy on Monday launched "Swiggy Daily", an app to give consumers access to a variety of simple homestyle meals prepared by home chefs, tiffin service providers and organised vendors.Launched in Gurugram, the service will expand...
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Latest News
Reliance Retail joins hands with Department of Consumer Affairs
Celebrated annually on December 24, National Consumer Day underscores the significance of consumer rights in India’s economic landscape.New Delhi:...
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