NEW DELHI: Food delivery platform Swiggy on Saturday officially launched its ‘XL’ fleet to handle large orders in Gurugram on the day of Haryana Assembly elections.Swiggy’s XL fleet, which had been in a pilot phase for a few weeks, delivered 3,500 meals to electoral officials at more than 580 polling booths in Gurugram and Badshahpur…
NEW DELHI: Food and grocery platform Swiggy launched its 10 minutes meals and beverage delivery service Bolt on Friday, currently available key locations in Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore.The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require minimal…
NEW DELHI: The Indian market is set to witness several companies go public in the next two months, including Hyundai Motor India, Swiggy, and NTPC Green Energy. Merchant bankers estimates that they collectively aims to raise approximately Rs 60,000 crore via their IPOsAfcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda…
MUMBAI: In a boost for Swiggy, American investor Baron Capital has marked up the food delivery company’s valuation to about $12.1 billion as of Dec-end, US regulatory filings showed. This is 13% higher than the startup’s peak valuation of $10.7 billion at which it had last raised $700 million from Invesco-led investors in Jan 2022.The…
MUMBAI: Swiggy and Flipkart are laying off employees, adding to the woes of the startup sector which has been grappling with a funding winter. Swiggy is letting go of about 350-400 employees or around 7% of its workforce as it attempts to check costs and move towards profitability, sources said. Flipkart is also letting go…
Swiggy, one of India’s leading food delivery platform, announced plans to cut nearly 400 jobs across various teams. According to a report by The Economic Times, this significant downsizing, representing roughly 6% of Swiggy‘s workforce in India. According to the report, the layoffs are expected to impact employees across technology teams, call centres and even…
Zomato, Swiggy, and Blinkit significantly increased orders during the New Year celebrations. Deepinder Goyal, CEO of Zomato, announced on his X.com (formerly Twitter) that the platform had achieved the highest daily deliveries. Swiggy had more than one million active users on the app every hour, delivering more orders per minute than any other day. Swiggy’s…
NEW DELHI: Brainbees Solutions, the parent company of omni-channel retailer FirstCry has filed draft initial public offering (IPO) papers with market regulator Securities and Exchange Board of India (SEBI) on Thursday. The IPO comprises an issue of fresh shares worth Rs 1,816 crore and an offer for sale (OFS) of 5.4 crore shares by existing…
