Swiggy: News
An online food ordering and delivery platform, Swiggy has been in operation since 2014. Based out of Bengaluru, it has its services in over 100 Indian cities. Standing on revenue of Rs. 875 crore, the company is India's largest and most valuable entity in its line of trade. In recent times, due to the COVID-19 outbreak, it has been in the news numerous times. Owing to a 70% drop in food order volume, Swiggy took a decision to chuck 1100 employees in May. However, it said that these laid-off workers will get at least three months of salary, irrespective of their tenure or notice period. Swiggy also forayed into alcohol delivery in Jharkhand, Odisha and West Bengal, along with its competitor, Zomato.
13 Nov 2024
BusinessSwiggy gets 'underperform' rating on listing day: Should you sell?
Swiggy, a dominant player in India's food delivery space, made its stock market debut today.
13 Nov 2024
Bombay Stock Exchange (BSE)Swiggy shares debut at ₹420, 8% premium over IPO price
One of India's leading food delivery platform Swiggy has made its debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
13 Nov 2024
Initial Public Offering (IPO)Swiggy's IPO poised to turn 500 employees into crorepatis
Swiggy's much-anticipated initial public offering (IPO) will turn nearly 500 employees into crorepatis.
12 Nov 2024
AmazonSwiggy hiring top executives from Amazon, Flipkart for e-commerce expansion
With an eye on e-commerce expansion, Swiggy is strengthening its team with top executives from Amazon and Flipkart.
11 Nov 2024
Competition Commission of IndiaSwiggy yet to receive CCI's confidential findings on anti-competitive practices
Swiggy has said that it is still waiting for the confidential details of the Competition Commission of India (CCI)'s findings.
09 Nov 2024
Initial Public Offering (IPO)Swiggy's IPO share allotment today: How to check status online
Bengaluru-based online food and grocery delivery giant Swiggy is expected to finalize its IPO share allotment later today.
09 Nov 2024
Initial Public Offering (IPO)India's IPO boom: Record ₹1.19 lakh crore raised in 2024
India's Initial Public Offering (IPO) market has seen a historic surge in 2024, raising an unprecedented ₹1.19 lakh crore.
08 Nov 2024
Competition Commission of IndiaZomato and Swiggy violated competition laws, favored select restaurants: Report
The Competition Commission of India (CCI) has found that food delivery giants Zomato and Swiggy to have violated competition laws, as per Reuters.
08 Nov 2024
Initial Public Offering (IPO)Swiggy IPO closes today: Current GMP signals lackluster debut
The much-anticipated initial public offering (IPO) of Swiggy has entered its third and final day of subscription.
06 Nov 2024
Initial Public Offering (IPO)Bid for Swiggy IPO or buy Zomato? Check analyst recommendations
Swiggy has launched its ₹11,327 crore initial public offering (IPO) today. It will be open for subscription till November 8
05 Nov 2024
ZomatoSwiggy's ₹11,300 crore IPO opens tomorrow: Should you subscribe?
Swiggy, one of India's leading online food delivery platform, will launch its much-awaited initial public offering (IPO) on November 6.
04 Nov 2024
TelanganaSwiggy fined ₹35,000 for inflated delivery fee of ₹103
In a blow to food delivery giant Swiggy, the District Consumer Disputes Redressal Commission in Ranga Reddy, Telangana has ruled against the company for unfair trade practices.
03 Nov 2024
Initial Public Offering (IPO)Swiggy IPO faces uncertainty as GMP lowers to 5%
Swiggy, a dominant player in India's online food delivery market, will launch its initial public offering (IPO) on November 6.
01 Nov 2024
Initial Public Offering (IPO)Swiggy among 4 IPOs launching next week: Check complete list
The stock market is in for a busy spell post-Diwali with a number of high-profile initial public offerings (IPOs) lined up for launch.
31 Oct 2024
Initial Public Offering (IPO)Swiggy's IPO attracts bids worth $15 billion from global investors
Leading Indian food and grocery delivery platform Swiggy has drawn more than $15 billion in bids for its upcoming initial public offering (IPO) in India.
31 Oct 2024
Initial Public Offering (IPO)Indian IPOs break record with ₹1.22L crore fundraising in 2024
The Indian market has experienced a record-breaking year for initial public offerings (IPOs) in 2024, with funds raised exceeding ₹1.22 lakh crore.
29 Oct 2024
BigBasketDhanteras: Blinkit, BigBasket delivering gold coins in just 10 minutes
Quick commerce platforms like Swiggy Instamart, Blinkit, BigBasket and Zepto are promising to deliver gold and silver coins to customers in 10 minutes on the occasion of Dhanteras today.
23 Oct 2024
PuneSwiggy introduces 'Seal' badge to ensure food hygiene, quality
In a bid to improve food hygiene and quality standards among its restaurant partners, Swiggy has launched a new initiative - the 'Swiggy Seal.'
21 Oct 2024
Competition Commission of IndiaFMCG distributors request Indian regulator to investigate quick commerce platforms
The All India Consumer Products Distributors Federation (AICPDF), India's largest association of retail distributors, has requested Competition Commission of India (CCI) to probe the business practices of Blinkit, Zepto, and Swiggy Instamart.
20 Oct 2024
Initial Public Offering (IPO)Swiggy to launch IPO next month, eyes $12.7 billion valuation
Swiggy is gearing up for its initial public offering (IPO) next month, and is eyeing a valuation between $11.7-12.7 billion, insiders told Moneycontrol.
19 Oct 2024
KarnatakaKarnataka mulls 1-2% transaction fee on Zomato, Swiggy, others
The Karnataka government is mulling a 1-2% transaction fee on aggregator platforms like Zomato, Swiggy, Flipkart, Amazon, Ola, Uber, Dunzo, Zepto, Urban Company (UC), and more.
18 Oct 2024
BlinkitZomato considers raising ₹8,500 crore through institutional share sale
Leading food delivery platform Zomato is scheduled to hold a board meeting on October 22.
14 Oct 2024
CREDYou can now pay on CRED without using a PIN
CRED, the leading payment platform for high-income individuals, has rolled out a bunch of new features to make online transactions faster and more secure.
09 Oct 2024
Deepinder GoyalSwiggy's top executives awarded ₹2,240 crore in ESOPs before IPO
Food delivery platform Swiggy has granted stock options worth approximately $200 million (around ₹2,240 crore) to its co-founder and group CEO Sriharsha Majety and other top executives.
08 Oct 2024
OlaOla, Uber score 0 in Fairwork India's gig worker ratings
The 2024 Fairwork India Ratings have shown that ride-hailing giants Uber and Ola, along with logistics firm Porter, are lagging behind in their treatment of gig workers.
08 Oct 2024
Zomato10-minute food deliveries a game-changer for industry: Deepinder Goyal
Zomato's CEO Deepinder Goyal has outlined his vision for the future of food delivery in India.
07 Oct 2024
Kunal BahlSnapdeal's Kunal Bahl joins Shark Tank India, replaces Deepinder Goyal
Snapdeal and AceVector Group co-founder Kunal Bahl, has been named as a new judge for Shark Tank India's fourth season.
07 Oct 2024
BengaluruZepto's new HQ will be in this Bengaluru mall
Zepto, a leading player in India's quick commerce sector, has finalized a lease agreement for its new headquarters at Total Mall in Sarjapur, Bengaluru, as per Moneycontrol.
06 Oct 2024
Deepinder GoyalSwiggy sponsoring Shark Tank India, Zomato CEO Deepinder Goyal ousted
Swiggy, a leading food delivery platform, is on the verge of finalizing a sponsorship deal for the fourth season of Shark Tank India.
05 Oct 2024
GurugramSwiggy introduces XL EV fleet for bulk food deliveries
Swiggy, a leading food delivery platform in India, has introduced a new service called the Swiggy XL EV fleet.
05 Oct 2024
KFCSwiggy now delivers your food orders in just 10 minutes
Swiggy, a prominent food delivery platform in India, has launched a new service named Bolt.
04 Oct 2024
Initial Public Offering (IPO)What is 'Rare Club,' Swiggy's invite-only membership costing ₹50,000 annually
Swiggy, a leading food delivery platform in India, is reportedly testing an exclusive concierge membership program called "Rare Club."
01 Oct 2024
Companies ActWhy Swiggy has offered special protections to directors before IPO
Swiggy, one of India's leading food delivery apps, has given some special protections to board members who represent its big investors—SoftBank, Accel, and Prosus.
30 Sep 2024
DelhiNow order from Swiggy Instamart 24/7 with no delivery charges
Swiggy Instamart has rolled out a 24/7 free delivery service in the Delhi-NCR area, vowing to deliver your goods in just 10-15 minutes.
28 Sep 2024
IndiaSwiggy's Rohit Kapoor denounces 'hustle culture' in India, netizens applaud
At the TechSparks 2024 event in Bengaluru, Rohit Kapoor, CEO of Swiggy Food and Marketplace, expressed his strong opposition to the prevailing "hustle culture."
27 Sep 2024
Initial Public Offering (IPO)Amitabh Bachchan to KJo: The star-studded cast of Swiggy's IPO
Swiggy, a leading food and grocery delivery platform, has attracted significant investment from prominent figures in the entertainment, sports, and business sectors.
27 Sep 2024
BusinessSwiggy's Q1 losses rise to ₹611 crore despite revenue surge
Swiggy, a leading player in India's food-tech industry, has reported an 8% increase in losses for Q1 FY25.
26 Sep 2024
RedditRedditor shares 'hack' for faster food delivery via Zomato, Swiggy
A Bengaluru-based Reddit user has shared a unique strategy to enhance the speed and accuracy of food deliveries on platforms like Zomato and Swiggy.
20 Sep 2024
Securities and Exchange Board of IndiaSwiggy plans to file $1.4 billion IPO this weekend: Report
Swiggy, a leading food and grocery delivery platform in India, is set to file its draft red herring prospectus (DRHP) this weekend, as per Moneycontrol.
18 Sep 2024
Madhuri DixitMadhuri Dixit buys Swiggy shares worth ₹1.5cr ahead of IPO
Bollywood actress Madhuri Dixit, has acquired shares in food and grocery delivery platform Swiggy, ahead of its upcoming initial public offering (IPO).
15 Sep 2024
Initial Public Offering (IPO)Swiggy eyes IPO filing this week, aims to raise $1B
Swiggy, a prominent Indian food delivery platform, is preparing for its domestic initial public offering (IPO) this week, according to Bloomberg.
10 Sep 2024
IndiaSwiggy Instamart now delivers groceries in 42 Indian cities
Swiggy's quick commerce platform, Swiggy Instamart, has announced its expansion into 10 new Indian cities.
10 Sep 2024
Initial Public Offering (IPO)Swiggy now plans to raise $1.4 billion via its IPO
Swiggy is contemplating a significant increase in its initial public offering (IPO).
08 Sep 2024
Indian GovernmentModi government partners with Swiggy to boost employment, skill development
Swiggy, the Bengaluru-based quick commerce and food delivery giant, has announced a strategic partnership with the Ministry of Skill Development and Entrepreneurship (MSDE).
06 Sep 2024
TechnologySwiggy introduces 'Incognito Mode' for private orders: How it works
Swiggy, a leading on-demand convenience platform, has launched an innovative feature known as Incognito Mode.
06 Sep 2024
Initial Public Offering (IPO)Ex-employee shocks Swiggy with ₹33 crore fraud
Swiggy, the Bengaluru-based food delivery giant, has reported an embezzlement case involving a former junior employee.
05 Sep 2024
BengaluruUber rival Rapido becomes unicorn after raising $200 million
Rapido, a ride-sharing platform based in Bengaluru, has successfully raised $200 million in its latest Series E funding round.
29 Aug 2024
FlipkartSwiggy Instamart appoints Flipkart veteran Amitesh Jha as new CEO
Swiggy has announced a significant leadership change at Instamart, its quick commerce venture.
