Valentine’s Day Sales Skyrocket for Zomato, Swiggy, Blinkit, Dunzo, and Zepto as Flowers, Cakes, Teddies, and Surprising Trends Take Center Stage In the spirit of Valentine’s Day, the food and quick commerce sector, platforms including Zomato, Swiggy, Blinkit, Dunzo and Zepto, have experienced substantial growth. The firms reported a significant surge in items ordered like […]
Tata Group is reportedly planning to enter the online meal-ordering business. According to media reports, the company’s’super app’, Tata Neu, intends to launch its food delivery service through the government’s Open Network for Digital Commerce (ONDC). The Tata Neu app already includes a food category page. When users click it, the app exclusively displays menus from […]
Flipkart on Wednesday said that it will begin offering free same-day delivery of items across many categories in February. The facility would initially be offered in 20 cities, including Delhi, Bengaluru, Mumbai, Chennai, Guwahati, Ludhiana, Nagpur, Siliguri, Vijayawada, and Coimbatore, according to a statement from the Bengaluru-based firm. Products across categories like mobile phones, fashion, beauty products, […]
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 […]
Indian food delivery startup Swiggy is set to lay off 6 per cent of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times reported on Thursday. The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, […]
Swiggy has expanded its food delivery services to Agatti Island in Lakshadweep, the company said in a press release on Thursday. “This expansion marks a significant milestone for us, as we become the first online food delivery service to make a foray in Lakshadweep. We are excited to partner with local restaurants and support them in […]
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 […]
Invesco, the US-based asset management company, has once again revised the valuation of Indian food delivery giant Swiggy, raising it to USD 8.3 billion, according to recent regulatory filing. This marks the second consecutive adjustment to Swiggy’s valuation by Invesco. As of 21 October 2023, Invesco held 28,844 shares in Swiggy, with a total value […]
On New Year’s Eve, the food-delivering app Swiggy reported more than 4.8 lakh biryani orders along with 1,244 dish units ordered every minute, the news agency PTI reported. Hyderabad ordered the most biryani during the period, according to the report, the groceries and home essentials delivery app, Swiggy Instamart witnessed 1.6 times more orders per […]
Elevating convenience without compromising budgets, ‘Pockethero’ redefines cost-conscious food delivery across Indian cities Swiggy introduced Pockethero, an in-app free online ordering service designed for cost-conscious consumers. With discounts of up to 60 per cent, Pockethero aspires to be the preferred economical option for users. According to executives, the platform will feature a curated list of […]
