Page 8 - Swiggy

India quick commerce market to reach $5 bln by 2025: RedSeer report

Quick commerce refers to delivery of consumables within 45 minutes with a nominal delivery charge; Dunzo and Swiggy Instamart are some of the players

Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus

The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods

Food delivery giant Swiggy elevates Phani Kishan as co-founder

Swiggy was co-founded by Majety, Rahul Jaimini and Nandan Reddy in 2014.

CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy

Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn

Numerous instances of delay in payment by Zomato, Swiggy: NRAI

NRAI said there have been numerous instances of delay in payment by Zomato and Swiggy which has affected the entire cash flow of its partners.

CCI approves deal involving SoftBank Group entity buying stake in Swiggy

Competition Commission of India (CCI) on Monday gave its nod for a proposed deal involving SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy

NRAI approaches CCI against 'anti-competitive practices' by Zomato, Swiggy

The National Restaurant Association of India (NRAI) on Monday said it has filed additional information with the fair trade regulator CCI alleging "anti-competitive practices" by Zomato & Swiggy. Earlier on July 5, the association had said that keeping the interest of restaurants in mind and how they have been affected by the "inherently anti-competitive practices" of Zomato and Swiggy, it had on July 1 filed information with the Competition Commission of India (CCI). In the additional information NRAI has filed, it has alleged that Zomato and Swiggy are charging a commission in the range of 25 to 35 percent of the order value in 2020-21 and there have been numerous instances of delay in payment by the two aggregators which have affected the entire cash flow of its partners. "Zomato & Swiggy are forcing restaurant partners to give discounts on their platforms to maintain good visibility on the platform. They have shifted the entire cost burden on the restaurants," it added. The

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

Food delivery giant Swiggy's COO Vivek Sunder decides to move on

Sunder played a pivotal role in expanding the geographical footprint of the marketplace business taking Swiggy beyond more than 500 cities.

How hyperlocal delivery firms are helping a new breed of home chefs thrive

Well networked, they deliver packaged food swiftly, at the right temperature and under stringent hygiene and safety protocols; they also reach medicines, clothes and documents to the customer

Zomato IPO: Investors looking for clear path to profitability, say analysts

Investors are concerned that Swiggy, given its unlisted status, may have less investor pressure on profitability versus Zomato

Swiggy expands Covid-19 related benefits for 150,000 delivery partners

Paid time off, insurance and hospitalisation cover, support of Rs 14,000 for two weeks under "Swiggy Suraksha" package; doorstep delivery of home-style meals in some cities

Sick of dal-roti? Opt for delivery options that bring the restaurant home

You can get anything from pizzas to parathas in a box, with cloud kitchens, delivery apps and even home chefs delivering on the promise of hygiene, safety and health

SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.

Swiggy begins vaccination drive for delivery partners, frontline staff

Food delivery startup will enable quick and free vaccine access and cover loss of pay for the period the delivery partner spends in getting both the doses

Amid spike in demand for medicines, Swiggy to prioritise pick-and-drop deliveries

The food delivery giant has reported a 350% rise in delivery of OTC medicines in 15 days

Amid Covid, Swiggy announces 4-day work week for employees for month of May

The policy applies to about 5,000 full-time Swiggy employees spread across the country

Top headlines: SoftBank to invest $450 mn in Swiggy; Wipro to retain talent

From Softbank Group set to invest $450 million in Swiggy at $5.5 billion value to Citigroup announcing retail business exit from India, 12 other countries, here are top headlines this morning

Softbank Group to invest $450 million in Swiggy at $5.5 billion value

Second funding for food delivery startup in as many weeks

Zomato's Goyal takes a dig at Swiggy; Mumbai clarifies rules on delivery

Maharashtra Chief Minister Uddhav Thackeray has announced a curfew in the State, except for essential services