Food Delivery

Invesco Boosts Swiggy Valuation To $8.3 Billion, Marking Second Consecutive Increase

05/01/2024

This is the second time, Invesco has increased the valuation of Swiggy. In October last year, it had increased the valuation of the food delivery company by 42 percent to $7.85 billion

Is Zomato's Profitable Quarter A Flash In The Pan?

30/09/2023

With a projected 40% YoY revenue growth for the next few years, Zomato's profitability milestone in Q124 underscores its dominion in the food delivery market. But will it be able to maintain this momentum?

Swiggy Launches Co-Branded Credit Card With HDFC Bank

26/07/2023

It will offer 10 per cent cashback on Swiggy and 5 per cent cashback across 1000 e-commerce platforms

Online Shoppers In India Expected To Grow By 50% In Three Years

06/06/2023

Online shopping is expected to reach more than Rs 30 crore by FY26, further paving the way for the reach of online payments in the country, as per a Redseer report

Indifi Technologies Doubles AUM to over Rs 1500 Crore, Remains Profitable In FY23

01/05/2023

Granularity in growth seen with the number of loans disbursed growing by 150 per cent, through a diversified mix of digital partnerships

Swiggy Introduces Platform Fee Of Rs 2 Per Order

29/04/2023

The move is likely to help Swiggy lower its cash burn, which is a lot more than what Zomato was burning

Swiggy's CTO Dale Vaz Resigns, Madhusudhan Rao to Take Over

03/04/2023

Vaz will remain with the company until May 2023 in an advisory role and is leaving to pursue entrepreneurial opportunities

Alibaba Group Announces Structural Overhaul, Splits Business Into Six Entities

28/03/2023

Each newly created entity will be responsible for its performance and able to pursue initial public offerings when ready

Swiggy Sells Cloud Kitchen Business To Kitchens@ In Share Swap Deal

03/03/2023

The move comes as Swiggy seeks to dispose of nonviable business verticals and focus on profitability ahead of a planned public listing

Swiggy To Sell Kitchen Infrastructure Business 'Swiggy Access' Ahead of IPO

15/02/2023

Swiggy is selling its kitchen infrastructure business to cloud kitchen company Kitchens@ in a share swap deal worth $10 million