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A Swiggy delivery executive. Image via Swiggy.com

Long awaited Swiggy IPO on Nov 6, $11.3bn valuation sought

November 5, 2024, 05:52 PM - 3 min read

Swiggy, founded in 2014, posted a loss of Rs 611 crore in the quarter ended June 2024, narrowing from Rs 564 crore in the same period last year.

Swiggy debuts 10-minute food delivery service 'Bolt'

October 5, 2024, 08:57 AM - 3 min read

The food tech platform Swiggy, which is preparing for an IPO, has introduced Bolt, a service for delivering meals and drinks within 10 minutes.

Hyundai is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale, while the IPO of Swiggy has been pegged at over Rs 10,000 crore.

Sebi approves Hyundai Motor India's ₹25,000 cr IPO and Swiggy's ₹10,000 cr IPO

September 25, 2024, 04:27 PM - 4 min read

Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, and food and grocery delivery major Swiggy have received capital markets regulator Sebi's approval to float initial public offerings (IPOs)

Swiggy to file draft IPO papers, may raise over $1 billion

September 16, 2024, 09:17 AM - 2 min read

According to reports, Swiggy is likely to file IPO draft this week and may raise more than $1 billion from it.

Govt, Swiggy launch 'Swiggy Skills' to boost logistics sector

Govt, Swiggy unveil 'swiggy skills' for logistics boost

September 8, 2024, 07:13 PM - 2 min read

Minister Jayant Chaudhary announced Rs 80 lakh crore for logistics growth and launched ‘Swiggy Skills’ to boost workforce skilling in the sector. The initiative, a collaboration with Swiggy, will provide training and employment opportunities, aiming to enhance the retail and logistics industries.

Swiggy introduces incognito mode for discreet purchases

September 6, 2024, 04:35 PM - 2 min read

Swiggy stated that the Incognito Mode is also ideal for discreet purchases, such as personal wellness products on Swiggy Instamart, as this feature ensures that such orders remain private, giving users confidence that their choices will not be visible to others.

Swiggy, Zomato to offer online alcohol delivery soon

July 17, 2024, 09:23 AM - 2 min read

Platforms such as Swiggy, BigBasket, and Zomato might start delivering liquor, beginning with low-alcohol beverages like beer, wine, and liqueurs.

Zomato, Swiggy hike platform fee by 20pc in select cities

July 15, 2024, 03:42 PM - 2 min read

Currently, the food delivery majors will charge the revised platform fees in Delhi, Mumbai and Bengaluru, with plans to levy them in other cities later.

Swiggy, the prominent online food and grocery delivery platform, has introduced its own UPI (Unified Payments Interface) service, aiming to reduce reliance on external payment apps, minimize payment failures, and streamline the checkout experience.

Swiggy introduces In-app UPI to cut payment failures

July 5, 2024, 01:24 PM - 2 min read

A source revealed that Swiggy has been testing the UPI service with its employees for the past month and plans to gradually roll out the service to all users in phases over the coming months. The UPI Plugin, launched by the National Payments Corporation of India (NPCI) in 2022, allows merchants to offer UPI payment services within their apps without needing a TPAP license.

T20 WC final drives 40% increase in quick commerce spending

Rapid commerce spending jumps 40% in T20 WC Final

July 1, 2024, 02:34 PM - 2 min read

Fintech startup Simpl reported a 40% surge in consumer spending during India's victory in the ICC T20 World Cup final, reflecting increased quick commerce transactions. Indians showed significant online spending support post-India's victory, with peak activity from 8 pm to 11 pm.

Is plastic food packaging bad for your health?

June 26, 2024, 10:30 AM - 2 min read

Research has demonstrated that certain chemicals present in plastic can migrate from the material into the food and beverages it comes into contact with.