Swiggy, Zomato both in funding talks with SoftBank Vision Fund
6 years, 7 months ago

Swiggy, Zomato both in funding talks with SoftBank Vision Fund

Live Mint  

Bengaluru/New Delhi: SoftBank Vision Fund is evaluating India’s two largest food delivery companies—Swiggy and Zomato—and will invest in one of the two, according to two people familiar with the matter. Zomato’s talks with SoftBank have advanced further than Swiggy’s discussions, one of the two people cited above said, requesting anonymity as the discussions are confidential. SoftBank has been evaluating Swiggy for nearly a year, but both parties failed to reach an agreement during Swiggy’s last two funding rounds, the people said. Swiggy, India’s largest food delivery startup, has already raised $310 million this year from a clutch of investors including Naspers and DST Global.

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History of this topic

Zomato, Swiggy, Zepto face antitrust case over deep discounts
1 week, 4 days ago

Zomato, Swiggy, Zepto face antitrust case over deep discounts

Hindustan Times  

Indian consumer products distributors have now filed an antitrust case against quick commerce firms like Zomato, Swiggy, and Zepto, citing their alleged deep discounting practices. The case, filed by the All India Consumer Products Distributors Federation with the Competition Commission of India comes at a time when the quick commerce sector is facing intense scrutiny over the pricing of products, …

Swiggy Instamart picks up pace but still lags Zomato's Blinkit
1 month, 1 week ago

Swiggy Instamart picks up pace but still lags Zomato's Blinkit

Live Mint  

Swiggy Ltd’s food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million. While it is hard to identify specific reasons for the divergent trends seen in the customer base of the two rivals, it is possible that Swiggy’s 10-minute food delivery service Bolt launched in October might have helped it …

Swiggy's Q3 loss widens to ₹799 crore amid rising competition from Zomato
1 month, 1 week ago

Swiggy's Q3 loss widens to ₹799 crore amid rising competition from Zomato

Hindustan Times  

India's Swiggy reported a wider quarterly loss on Wednesday, as the online platform poured money into its grocery delivery business to compete with rivals Zomato and Zepto. REUTERS/Francis Mascarenhas/File Photo The company reported a consolidated loss of 7.99 billion rupees for the third quarter ended Dec. 31, compared to a loss of 5.74 billion rupees a year earlier. Zomato, which …

Swiggy Q3 net loss widens to Rs 799 crore; revenue up 31%
Trending News
1 month, 1 week ago

Swiggy Q3 net loss widens to Rs 799 crore; revenue up 31%

New Indian Express  

Food delivery platform Swiggy on Wednesday reported a net loss of Rs 799 crore in the third quarter ended December 2024, compared to Rs 575 crore loss it reported in the year-ago period. Its revenue from operations grew 31% in the December quarter to Rs 3,993 crore compared to Rs 3,049 crore in the same quarter last year. Its food …

Zomato shares continue to slump for 2nd day; plunge 12 pc
1 month, 3 weeks ago

Zomato shares continue to slump for 2nd day; plunge 12 pc

Live Mint  

New Delhi, Jan 21 Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to ₹59 crore. Meanwhile, shares of Swiggy also declined over 10 per cent on the stock exchanges after its peer competitor …

Zomato stock down 21% from 52-week high amid market pessimism: Should you buy, sell, or hold to build sizable positions?
2 months ago

Zomato stock down 21% from 52-week high amid market pessimism: Should you buy, sell, or hold to build sizable positions?

Live Mint  

Zomato stock check: The stock price of leading food delivery app Zomato is currently trading 21 per cent below its 52-week high mark of ₹304.50 amid the current pessimism in the Indian stock market over persistent foreign capital outflows and stretched valuations. Zomato's stock faces investor concerns about accelerated investments in Blinkit’s supply chain and rising competitive pressures in quick …

Hunger games: Competition in quick food delivery heats up
2 months ago

Hunger games: Competition in quick food delivery heats up

Live Mint  

A war is brewing in online delivery as fast food takes on a new twist in India. Their quick commerce rival Zepto was the first off the mark among the three, starting a quick food delivery service called Zepto Cafe in2022and launching a standalone app for its food business in December last year. While Zepto uses its dark stores for …

NRAI opposes private-label food delivery by Swiggy, Zomato; to take legal action against food delivery giants
2 months, 1 week ago

NRAI opposes private-label food delivery by Swiggy, Zomato; to take legal action against food delivery giants

Live Mint  

The National Restaurant Association of India has opposed the "private labelling" by e-commerce platforms Zomato and Swiggy as they try to enter quick commerce food delivery through separate apps. NRAI said food delivery platforms, with their new platforms such as Blinkit Bistro and Swiggy Snacc, which deliver private-label food, will monopolise the market and violate marketplace neutrality, according to NRAI. …

Swiggy, Zomato launch 15-minute delivery service
2 months, 1 week ago

Swiggy, Zomato launch 15-minute delivery service

New Indian Express  

BENGALURU: The quick food delivery space continues to heat up as major players like Zomato and Swiggy have rolled out new services. Swiggy’s new service Snacc has been introduced in Bengaluru and it promises to deliver food in 15 minutes including breakfast, snacks and meals. Though Swiggy has Bolt, which provides restaurant food delivery in 10 minutes, this app will …

Swiggy dives into 15-min food delivery race, launches separate ‘Snacc’ app
2 months, 1 week ago

Swiggy dives into 15-min food delivery race, launches separate ‘Snacc’ app

Hindustan Times  

Amid a rise in competition in delivery apps, food and grocery delivery platform Swiggy has launched a separate application, promising food delivery in 15 minutes. Meanwhile, online food aggregator platform Zomato has also forayed into the quick delivery space, promising 15-minute delivery of food to its customers. Rise in quick delivery platforms Food delivery apps in India are promising to …

Zomato’s losing steam and the Blinkit drag
Trending News
2 months, 1 week ago

Zomato’s losing steam and the Blinkit drag

Live Mint  

Zomato has been a poster child of startup success. For perspective, Zomato’s food-delivery business turned profitable as early as the second quarter of FY23, but owing to the drag by Blinkit, Zomato as a whole turned profitable only in FY24. Food delivery: From strength to strength Even as Blinkit grows as a share of Zomato’s business, food-delivery has remained the …

Is Zomato's dream stock market run over?
2 months, 1 week ago

Is Zomato's dream stock market run over?

India Today  

Shares of Zomato fell over 5% in early trade on Tuesday, extending its weak market run after a period of strong gains. The brokerage also reduced its target price for the food delivery giant by 18% to Rs 275, down from Rs 335, reflecting concerns over intensified competition in the quick commerce segment. Jefferies cited heightened competition from Swiggy’s Instamart, …

Zomato upends tradition with Sensex entry
2 months, 3 weeks ago

Zomato upends tradition with Sensex entry

Live Mint  

Zomato will make history on Monday as the first new-age tech stock to be included in the prestigious BSE Sensex, replacing JSW Steel in a half-yearly rebalancing of constituents. While the rejig is routine, the food delivery giant's inclusion in the club of India's most influential companies underscores the growing prominence of the digital sector. While Sensex companies drive India's …

JPMorgan says Swiggy an ‘underappreciated winner’, sees 25% upside in stock price
2 months, 3 weeks ago

JPMorgan says Swiggy an ‘underappreciated winner’, sees 25% upside in stock price

Live Mint  

Swiggy shares, which have already run up close to 50 per cent from their IPO price of ₹390, still have more room to run, according to JPMorgan as the brokerage initiated coverage on the stock with a ‘buy’ rating and a target price of ₹730. JPMorgan's price target implies a potential upside of 25 per cent in food delivery aggregator's …

How Zomato, Swiggy, Zepto are achieving disruptive 10-min food deliveries
2 months, 3 weeks ago

How Zomato, Swiggy, Zepto are achieving disruptive 10-min food deliveries

Hindustan Times  

Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms. Bolt accounts for 5% of Swiggy’s total food delivery orders within two months of its launch, Sidharth Bhakoo, chief business officer of food marketplace at Swiggy said in an email. “When …

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position
Trending News
3 months ago

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position

Live Mint  

Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. Analysts at Axis Capital view Swiggy as a compelling investment opportunity, …

Quick medicine delivery: Startups gear up against giants Flipkart and Swiggy
3 months ago

Quick medicine delivery: Startups gear up against giants Flipkart and Swiggy

Live Mint  

As Flipkart and Swiggy prepare to add medicines to their quick delivery portfolios, relatively unknown entities such as Medino’s, Medstown and Plazza have started 30-minute services in smaller cities and are looking to raise funds to expand and take on the giants. Healthcare company Taskar, which has been offering pharmacy, lab and clinic services at affordable costs since 2020, created …

Zomato QIP, Swiggy IPO to Reliance Industries: Where did mutual funds invest most in November?
3 months ago

Zomato QIP, Swiggy IPO to Reliance Industries: Where did mutual funds invest most in November?

Live Mint  

New-age stocks caught the attention of mutual fund investors in November, with food delivery giants Zomato and Swiggy receiving the largest share of investor money. According to a recent report by Nuvama Institutional Equities, mutual funds invested ₹26,400 crore in stocks last month, with ₹5,600 crore allocated to Zomato’s Qualified Institutional Placement and ₹5,300 crore invested in its biggest competitor, …

Swiggy plans fee hike for Instamart, eyes higher take rate from grocery delivery business
3 months, 1 week ago

Swiggy plans fee hike for Instamart, eyes higher take rate from grocery delivery business

Live Mint  

E-commerce platform Swiggy is looking to hike its fees for Instamart, its grocery delivery arm, CFO Rahul Bothra told reporters after the company's analyst call on December 3, according to a Financial Express report. Over time there is expectation to increase the delivery fee.” Plans for Instamart Business He did not specify a timeline for when the fee hike could …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
3 months, 1 week ago

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?

India Today  

Shares of online food delivery giants Swiggy and Zomato extended their rally on Thursday, driven by strong buying interest among investors. The rally follows Swiggy’s robust Q2 results, which showcased strong revenue growth and promising developments in its quick commerce and food delivery segments. However, Swiggy faced challenges in market share as its gross order value growth in food delivery …

Swiggy to increase Instamart delivery charges? Here's what we know
3 months, 2 weeks ago

Swiggy to increase Instamart delivery charges? Here's what we know

Hindustan Times  

Food delivery giant Swiggy is likely to increase the delivery fees on its quick commerce arm Instamart, Money Control reported citing the company's chief financial officer Rahul Bothra. Meanwhile, quick commerce market leader Blinkit, which is owned by Zomato, collects a delivery fee on every order and doesn't have a loyalty programme. Zepto, the other major quick commerce player, also …

Can Swiggy’s Instamart spice it up in quick commerce?
3 months, 2 weeks ago

Can Swiggy’s Instamart spice it up in quick commerce?

Live Mint  

For the September quarter, both companies saw about 5% and 24% growth in their respective gross order values of the food delivery and quick-commerce businesses. In Q2FY25, Swiggy’s GOV was ₹10,600 crore against ₹15,800 crore of Zomato in both the main businesses, i.e., food delivery and quick commerce together. Its adjusted Ebitda in Q2FY25 in the two businesses was ₹333 …

Swiggy share price jumps 7% after Q2 results. Should you buy or avoid?
Trending News
3 months, 2 weeks ago

Swiggy share price jumps 7% after Q2 results. Should you buy or avoid?

India Today  

Shares of Swiggy surged nearly 7% on Wednesday to touch Rs 534.85 on the Bombay Stock Exchange after the company announced robust Q2 FY25 earnings, driven by strong performance in food delivery and quick commerce. The food delivery business achieved adjusted EBITDA profitability of Rs 112 crore at a 1.6% margin, with GOV rising 5.6% QoQ to Rs 7,191 crore. …

Swiggy likely to increase delivery charge on Instamart orders: Report
3 months, 2 weeks ago

Swiggy likely to increase delivery charge on Instamart orders: Report

India Today  

Food and grocery delivery platform Swiggy is considering increasing the delivery fees for its quick commerce arm, Instamart, reported moneycontrol.com. Unlike Swiggy, Blinkit does not offer free delivery for any orders, while Zepto waives fees for loyalty program members. Bothra also highlighted additional measures to boost margins, including increasing platform fees for food delivery orders and monetising Instamart through Swiggy …

Swiggy eyes profitability by Q3 of FY26
3 months, 2 weeks ago

Swiggy eyes profitability by Q3 of FY26

New Indian Express  

BENGALURU: Food delivery platform Swiggy at the consolidated group level aims to turn operationally profitable by October-December 2025. Swiggy’s food delivery business is profitable on an adjusted EBITDA basis and it is ramping up margins steadily every quarter. Sriharsha Majety, co-founder, MD & Group CEO, in a letter to shareholders said food delivery business’ GOV grew 5.6% QoQ in Q2FY25. …

Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year
3 months, 2 weeks ago

Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year

Live Mint  

Newly listed food and grocery delivery firm Swiggy is looking to increase its Instamart dark store count from around 600 to nearly 1,046 by March 2025 as well as increase their average size by 30-35% to keep up with the growing demand for wider assortment in the highly competitive quick commerce sector. Overall, Swiggy expects to more than double its …

Swiggy Q2: Losses Narrow To Rs 626 Crore, Firm Clocks 30 Per Cent Jump In Revenue
3 months, 2 weeks ago

Swiggy Q2: Losses Narrow To Rs 626 Crore, Firm Clocks 30 Per Cent Jump In Revenue

ABP News  

Food and grocery delivery firm Swiggy reported a revenue of Rs 3,601.5 crore in the July-September quarter, logging a gain of 30 per cent from Rs 2,763.3 crore reported in the corresponding period a year earlier. The online delivery company’s loss stood at Rs 626 crore in the second quarter of the current fiscal year 2024-25, narrowing 5 per cent …

Swiggy Q2 Results: Net loss narrows to ₹625.5 crore in first earnings post IPO, revenue up 39% YoY
3 months, 2 weeks ago

Swiggy Q2 Results: Net loss narrows to ₹625.5 crore in first earnings post IPO, revenue up 39% YoY

Live Mint  

Swiggy Q2 Results: Food and grocery delivery platform Swiggy announced its July-September quarter results for fiscal 2024-25 on Tuesday, December 3, reporting a consolidated net loss of ₹625.5 crore driven by robust order growth in both its food delivery and quick commerce segments, compared to a loss of ₹657 crore in the corresponding period last year. Swiggy's revenue from operations …

Swiggy Q2 results: Net loss narrows to Rs 625.5 crore in 1st earnings after IPO
3 months, 2 weeks ago

Swiggy Q2 results: Net loss narrows to Rs 625.5 crore in 1st earnings after IPO

India Today  

Food delivery giant Swiggy, which debuted on the stock market in November, reported a consolidated net loss of Rs 625.5 crore for the September quarter, a slight improvement from the Rs 657 crore loss in the same period last year. Swiggy’s gross order value increased by 30% YoY to Rs 11,306 crore, while its platform’s average monthly transacting users rose …

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves
3 months, 2 weeks ago

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves

Live Mint  

Bengaluru: Food and grocery delivery player Zomato has raised ₹8,500 crore through its qualified institutional placement, allocating 33.64 crore shares at ₹252.62 apiece, it said in a filing with the stock exchanges on Friday. The Gurugram-based company’s cash balance fell to ₹10,800 crore in the September quarter of FY25 from ₹14,400 crore when it launched an initial public offering in …

Zomato shares up 131% this year: Should you buy multibagger stock?
3 months, 2 weeks ago

Zomato shares up 131% this year: Should you buy multibagger stock?

India Today  

Food delivery giant Zomato’s shares surged over 131% on a year-to-date basis, delivering multibagger returns to investors. Zomato plans to invest Rs 2,100 crore in Blinkit’s capex over FY2026-28, including the development of dark stores and warehousing capabilities. The brokerage noted that Zomato’s food delivery business continues to grow, with a 24% year-on-year increase in power customers to 34 lakh …

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26
3 months, 2 weeks ago

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26

India Today  

Deepinder Goyal, the CEO of food delivery platform Zomato, has decided to forgo his annual salary of Rs 3.5 crore until the end of the financial year 2026. He owns a 4.18% stake in Zomato, which is currently valued at over Rs 10,000 crore, based on the company’s closing share price on November 25. ZOMATO’S MARKET PERFORMANCE Zomato has achieved …

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?
3 months, 3 weeks ago

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?

Live Mint  

The Indian food delivery market has become a fierce battleground, with Swiggy and Zomato not only competing for your dinner orders but also commanding attention in boardrooms and on trading floors. Zomato’s recent analyst reports echo this optimism, indicating that while the market remains consolidated, both players have significant room to grow as more Indians adopt food delivery services. View …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
3 months, 3 weeks ago

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Live Mint  

Swiggy, a direct competitor to Zomato and one of India's leading food delivery aggregators made its highly anticipated stock market debut on November 13. Interestingly, just weeks before Swiggy's IPO, Zomato CEO Deepinder Goyal had some advice for Swiggy's employees, reflecting on his company's own experience of going public in 2021, the Times of India reported. Speaking at the ET …

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report
3 months, 3 weeks ago

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report

India TV News  

Zomato, an Indian food delivery major reportedly expects its key meal delivery business to grow at an annual rate of 30 per cent over the next 5 years, a top executive stated, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector. It was on Monday when Rakesh Ranjan, Zomato's food delivery CEO said, "The food delivery …

Swiggy and Zomato: What should be your strategy for these two new age tech stocks?
4 months ago

Swiggy and Zomato: What should be your strategy for these two new age tech stocks?

Live Mint  

Swiggy and Zomato: The focus on food delivery companies has intensified over the past few weeks, particularly with Swiggy making its debut on the Indian stock market. “While on an absolute basis Swiggy offers decent upside, we would prefer Zomato if asked to pick only one due to its superior execution in the past and market leadership across key segments. …

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis
4 months ago

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis

Live Mint  

Swiggy vs Zomato: After a decent initial public offering, Softbank-backed food delivery giant Swiggy delivered a powerful stock market debut, beating analysts' estimates. Zomato has established itself as the leading player in India's food delivery industry, capturing a market share of 56 per cent-57 per cent in online food orders in FY24. Here are the five key indicators to compare …

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut
4 months ago

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut

Deccan Chronicle  

Hyderabad: Food delivery giant Zomato on Wednesday shared a post welcoming its rival Swiggy as it made its stock market debut. Couldn't have asked for a better company to serve India with," he wrote on X. Swiggy got listed at Rs 420 on the NSE, a 7.69 per cent jump from the issue price. According to a report by PTI, …

Rival Zomato's CEO congratulates Swiggy on stock market listing
4 months ago

Rival Zomato's CEO congratulates Swiggy on stock market listing

The Hindu  

In a kind gesture, Zomato CEO Deepinder Goyal on Wednesday congratulated rival Swiggy on its stock market debut, whose shares got listed at a premium of nearly 8% on the NSE. Couldn't have asked for a better company to serve India with.," Mr. Goyal said in a post on X, tagging another post by Zomato which said, "You and I. …

Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’
4 months ago

Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’

Hindustan Times  

Food delivery giant Swiggy, which was listed on the exchanges on November 13, had two of its delivery partners join its leadership team, including co-founders Sriharsha Majety and Nandan Reddy, to ring the ceremonial bell at the National Stock Exchange. Khan, a Bengaluru native, joined Swiggy seven years ago, fresh out of college while he was facing a difficult personal …

Swiggy IPO: Congrats on the listing, says Zerodha’s Nithin Kamath, hopes to see more homegrown brands going public
4 months ago

Swiggy IPO: Congrats on the listing, says Zerodha’s Nithin Kamath, hopes to see more homegrown brands going public

Live Mint  

Zomato extended a rare public gesture of goodwill to its long-time competitor, Swiggy, as the latter launched its highly anticipated initial public offering on Wednesday, November 13. The tweet included an image of Zomato and Swiggy delivery personnel standing together, gazing at the Bombay Stock Exchange building, adorned with a “Now Listed Swiggy” banner. Couldn't have asked for a better …

Swiggy’s IPO to unlock ₹9,000 crore in ESOP wealth for 5,000 employees: Report
4 months ago

Swiggy’s IPO to unlock ₹9,000 crore in ESOP wealth for 5,000 employees: Report

Hindustan Times  

The Swiggy IPO will unlock ₹9,000 crore worth of employee stock option plans, turning nearly 500 of its employees into ‘crorepatis’ after its listing on Wednesday, November 13, according to an Economic Times report. However, according to the report, Swiggy's ₹11,300-crore-IPO was the biggest public offering by a technology firm since Paytm's public issue in 2021. According to the report, …

Swiggy shares list at 8% premium over issue price, beating GMP estimates
Trending News
4 months ago

Swiggy shares list at 8% premium over issue price, beating GMP estimates

India Today  

Swiggy shares made a decent debut on the stock exchanges, beating grey market estimates as they began trading on the NSE with a 7.69% premium above their IPO price of Rs 390, opening at Rs 420. The grey market premium of Swiggy before the shares got listed was just Rs 1 and suggested a weak debut on the stock market, …

Inside Swiggy's listing gains: 70 dollar millionaires, 500 crorepati employees
4 months ago

Inside Swiggy's listing gains: 70 dollar millionaires, 500 crorepati employees

India Today  

Swiggy's IPO not only marks one of the largest listings in recent times for a new-age company but also brings substantial financial rewards for thousands of its employees. As the food delivery and quick commerce giant made its stock market debut on November 13, as many as 70 current and former Swiggy employees stand to become dollar millionaires, reported moneycontrol.com. …

Swiggy or Zomato: Which stock will deliver better returns to investors?
4 months ago

Swiggy or Zomato: Which stock will deliver better returns to investors?

India Today  

Swiggy’s stock market debut has set off a fresh wave of interest in the food delivery sector. "Despite a strong potential growth runway and an improving margin profile, we believe Swiggy still has a long and winding road to profitability,” the brokerage stated in a research note, adding that, while Zomato remains the more efficient operator, “we prefer Swiggy over …

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing
4 months ago

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing

India Today  

Food delivery giant Zomato welcomed Swiggy stock market debut on Tuesday with a warm social media post. The post was accompanied by an image of Swiggy and Zomato delivery persons standing in front of the Bombay Stock Exchange building. Swiggy’s IPO was oversubscribed by 3.59 times, but non-institutional investors showed lower interest, with subscriptions at 0.41 times. Meanwhile, markets remained …

Swiggy IPO allotment status released: What GMP indicates ahead of listing date
4 months ago

Swiggy IPO allotment status released: What GMP indicates ahead of listing date

Hindustan Times  

Shares of food delivery giant Swiggy will be listed on the exchanges on Wednesday, November 13, after its high-profile IPO launch last week. The Swiggy Limited's logo is seen at a press conference during which its Initial Public Offering was announced in Mumbai, India, October 30, 2024 According to the report, its grey market premium is just ₹1, which is …

How much do Zomato, Swiggy, other food apps charge for delivery in India? Know top 5 here
4 months, 1 week ago

How much do Zomato, Swiggy, other food apps charge for delivery in India? Know top 5 here

Live Mint  

With the advent of food delivery applications, ordering online food at doorstep has become the norm of the day. Also, food delivery apps sometimes don't charge a penny, as the amount one pay for the food exceeds a minimum order scale. McDonald’s charge 134 per cent more for food costing around $10 in person, while Chick-fil-A's chicken sandwich costs $9.85 …

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report
4 months, 1 week ago

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report

Hindustan Times  

The Competition Commission of India said in its non-public documents that food delivery giants Swiggy and Zomato are in breach of the antitrust and competition laws of India, with their business practices favouring select restaurants listed on their platforms, reported Reuters. Swiggy and Zomato are the leading food delivery companies in India The antitrust body's documents say that Zomato entered …

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
4 months, 1 week ago

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show

Live Mint  

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. Exclusivity arrangements between Swiggy, Zomato and their respective restaurant partners "prevent the market from becoming more competitive," the CCI's investigation arm noted in its findings reviewed by Reuters on Friday. …

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