Swiggy Raises Nearly Rs 10,000 Cr Through QIP
Swiggy raises nearly ₹10,000 crore through a qualified institutions placement, issuing shares at a 3.97% discount to the SEBI floor price, according to stock exchange disclosures
Swiggy raises nearly ₹10,000 crore through a qualified institutions placement, issuing shares at a 3.97% discount to the SEBI floor price, according to stock exchange disclosures
Swiggy has expanded its Food on Train service to 122 stations across India and extended its advance meal-ordering window to 96 hours, boosting convenience for long-distance travellers after strong festive-season demand.
Curated menu of sugar-free and naturally sweetened options across cities Food delivery application Swiggy have rolled out a new ‘No Added Sugar’ category on its app, making it simpler for consumers to opt for healthier meals and beverages during the festive season. This carefully curated section features over 1.5 lakh items from more than 50,000 […]
Swiggy describes the move as part of a strategic effort to unlock investments and generate value for shareholders
Travellers booking train tickets on MakeMyTrip app can now order food from over 40,000 restaurant partners, which are listed on Zomato, at over 130 stations
A report by Elara Capital notes that Rapido must resolve tech issues and expand restaurant options to justify its ongoing cash burn
The app description emphasised that the latest addition will offer most dishes under Rs 250 and there will be no surge fees
Nomura notes that the inventory-led model is expected to aid margin expansion for quick commerce
The development comes at a time when the sector is heating up due to intense competition
On the demand front, the reports state that daily orders at Zepto Café have decreased in June as compared to the early part of the year