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Swiggy Instamart Appoints Abhishek Shetty As Marketing Lead

Abhishek Shetty has joined Swiggy as a marketing lead, where he will oversee operations for Swiggy Instamart and private brands. Shetty announced the appointment on his LinkedIn. He stated, “Excited by the opportunity to contribute to a dynamic and innovative company that is revolutionizing the way people experience convenience and accessibility in their daily lives. […]

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Brands Companies E-commerce & Marketplaces Finance Food & Beverage. News

Swiggy Revenue Soars 45%, Yet Net Loss Widens 15% In FY23

Swiggy, a food and grocery delivery company, reported a 45 per cent increase in operational revenue to Rs 8,265 crore in the fiscal year ending March 2023, while its net loss increased by 15 per cent to Rs 4,179 crore. The Prosus-backed business, which is presently preparing for an initial public offering (IPO), invested extensively during the […]

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E-commerce & Marketplaces National News

Flipkart Dominates Indian Ecommerce With 48% Market Share

A report has revealed that Flipkart, a Walmart group firm, continues to dominate the Indian ecommerce segment with a substantial 48 per cent market share as of FY23. Boasting a 21 per cent year-on-year (YoY) growth in its user base, Flipkart outpaces the industry’s overall growth. The report indicated that mobile and apparel are the […]

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Brands Companies E-commerce & Marketplaces Finance Food & Beverage. News

Swiggy Teases Increased Platform Fee Of Rs 10 For Select Users

In a strategic move to cut losses and enhance profitability ahead of its anticipated public listing later this year, Swiggy, the popular food and grocery delivery platform, is reportedly contemplating doubling its platform fee on food orders. The proposed increase would see the platform fee surge from the current Rs 5 to Rs 10 per […]

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Companies Finance News

Swiggy’s Loss Narrows 35% In H1FY24, GMV Grows 28%

Prosus, the largest shareholder in Swiggy, revealed a 35 per cent reduction in its share of the Indian food-delivery giant’s losses, amounting to  USD 208 million for the half-year period ending on 30 September. Prosus, based in Amsterdam and affiliated with the South African conglomerate Naspers, holds a 32.7 per cent stake in Swiggy. Considering […]

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Brands Companies Food & Beverage. Health News

Farmley Launches Sugar-Free Date Bites

Farmley, a dry fruits and nuts specialist brand has launched Sugar-Free Date Bites, according to the brand it has no added sugar and the newly launched Date Bites are made with the goodness of 6 ingredients – Pista, Almonds, Dates, Cashews, Honey & Ghee. Talking about the new launch, Akash Sharma, Founder and CEO, Farmley […]

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