Monday, July 15, 2024
Outlook.com
Outlook India
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Decacorn

With this, Swiggy joins the list of start-ups, who despite adverse macroeconomic situations, have initiated ESOP liquidity programmes

The term loan B is reportedly due in 2026 and the interest rate change does not imply a default at BYJU’S end

The company will utilise the recently generated capital to expand its fintech business in the country

The company has also claimed that it is taking endeavors to make the customer experience easy

On Monday, the company announced the appointment of Sahil Barua, the chief executive officer (CEO) of Delhivery, Mallika Srinivasan, managing director (MD) of TAFE and chartered accountant Shailesh Haribhakti as three independent directors

Last year, the company launched 300 physical centres and planned a $210 million investment

Swiggy laid off 1,100 employees in May 2020, and fired another 350 July last year