Falcon Edge Capital, Think Investments, Goldman Sachs are among the new investors in the food delivery platform whose valuation is nearing $5 bn
Swiggy, the on-demand delivery platform on Wednesday announced that it will vaccinate over 2,00,000 delivery partners against Covid-19
The foodtech giant would also cover the loss of pay when the partners take the time off to get vaccinated against coronavirus
Amazon Food said on Monday the service was available across 62 pin codes in Bengaluru
This comes in a bid to deliver greater value to more users
Amazon's foray into food delivery poses a risk to incumbents but the impact on Zomato or Swiggy's duopoly will be marginal, according to Motilal Oswal
The firm made its foray into online food delivery in India last year in May
Swiggy also planning fuel-related incentives for riders
Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery
With this, these street vendors would be able to serve customers within the safety of their own homes, service a much larger user base with Zomato's technology and last-mile delivery
WFH and travel paranoia during Covid-19 have lowered occupancy in these hotels, forcing them to offer alluring rates as low as Rs 5,000 a night with meals to leisure customers
The digital payments firm has rolled out the compensation to all its employees ranging from software engineers, product managers to customer experience and on-ground sales agents
The Bengaluru-based food delivery giant's total expenses for the fiscal were reported as Rs 6,545 crore
The Gurugram-based firm is expecting its GMV to touch around Rs 30,000 crore by 2022 as the coronavirus pandemic has accelerated the shift towards online grocery
Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy, said a tax official privy to the preliminary findings
Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit
While organised meat startups claim 100% traceability of their products with full biosecurity, unorganised meat market has taken a beating, going down by 20-25%
Raising funds to become next unicorn
The surveys are related to an alleged bogus input tax credit connected to the external vendors of these firms
According to sources, the survey was conducted on the input provided by the Directorate General of GST Intelligence (DGGI)