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Founded in 2014, Swiggy had a valuation of nearly $ 13 billion in April. New Delhi: Food delivery and quick commerce giant Swiggy is targeting a $10 billion or 83,365 crore valuation with a Rs 10,000-crore initial public offering (IPO). Out of this, the company seeks to raise Rs 3,750 crore from fresh issues. On…
Read More “Swiggy Files Draft Papers For IPO, Targets $10 Billion Valuation” »
Swiggy posted Rs 2,350 crore in net loss in the last fiscal year (Representational) New Delhi: IPO-bound food delivery platform Swiggy has disclosed that a former junior employee allegedly embezzled more than Rs 33 crore over a period of time from one of its subsidiaries. As per reports, the Zomato rival initiated a probe with…
Read More “Swiggy Discloses Rs 33 Crore Fraud By Former Junior Employee” »
Swiggy has not reacted to the incident yet. (Representative pic) A Hyderabad woman recently claimed that a Swiggy Genie delivery partner stole her laptop and then demanded Rs 15,000 to return it. Nishitha Gudipudi, a civil engineer, took to LinkedIn to share the details about the shocking incident. She said that her husband booked Swiggy…
Read More “Hyderabad Woman Claims Swiggy Genie Agent Stole Laptop And Demanded Rs 15,000 Ransom” »
Representational Image New Delhi: Food delivery platforms Zomato and Swiggy have once again hiked platform fees to Rs 6 per order from an earlier Rs 5 – a 20 per cent increase. Currently being charged in Delhi and Bengaluru, the platform fee is different from delivery fee, goods and services tax (GST), restaurant charges, and…
Read More “Food Deliveries To Get Costlier As Zomato, Swiggy Hike Platform Fee” »
Image for representation | Photo Credit: Getty Images Food and grocery delivery major Swiggy has received shareholders’ approval for an initial public offering to raise ₹10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. A special resolution was passed at an extraordinary general meeting of Swiggy on…
Read More “Swiggy secures shareholders’ nod to raise over ₹10,400 crore via IPO” »
Ola and Porter received a meager score of zero on a scale of 1 to 10. BigBasket has claimed the top spot, while ride-hailing giants Uber and Ola, along with logistics startup Porter, have been rated as the least favourable platforms for gig workers, as per a study by research firm Fairwork India. The ‘Fairwork…
Read More “BigBasket Ranks Highest, While Ola, Porter, Uber, Dunzo Lag For Gig Workers” »