swiggy

News and Trends

Swiggy Shuts Down Genie to Focus on Core Services

Launched in April 2020, Swiggy Genie allowed users to send packages or pick up items within the city, competing with services like Uber Package, Porter, and Rapido.

News and Trends

Swiggy Allots Equity Shares Worth INR 124.94 Cr Under ESOP Plan

Based on Swiggy's opening share price of INR 344.80, the total value of this latest allotment stands at approximately INR 124.94 crore.

News and Trends

Swiggy Grants Fresh ESOPs Worth INR 443.4 Cr to Employees Under 2024 Plan

Each of these stock options is convertible into equity shares.

News and Trends

Swiggy Board Sees Exit of Independent Director Sahil Barua, CEO of Delhivery

The decision comes as Barua finds himself unable to devote adequate time to board responsibilities amid growing demands at Delhivery.

News and Trends

Swiggy Instamart Announces 10-Minute Smartphone Delivery Across 10 Major Cities

The company in a statement said that consumers across the cities mentioned can purchase smartphones from brands such as Samsung, Apple, OnePlus, and Redmi.

News and Trends

Nuuk Secures USD 5 Mn in Series A Funding to Revolutionise Home Appliances for Young Consumers

The fresh funds will enable Nuuk to expand its product portfolio, covering home environment solutions, vacuum cleaners, and meal preparation appliances. The company also plans to venture into smart IoT devices and high-performance home solutions.

News and Trends

The Whole Truth Foods Secures $15M in Series C Funding

Angel investors, including Nithin Kamath (Zerodha), Sriharsha Majety (Swiggy), and Jaydeep Burman (Rebel Foods), who had previously shown faith in the company, further reinforced its strong market position.

News and Trends

Swiggy Reports Higher Than Estimated Q3 Losses, Stock Dips 2.5% on BSE

Delivery platform Swiggy's shares continued to dip for the fourth consecutive day, as investors are selling their stock after recognizing the company's higher-than-estimated Q3 EBITDA losses. Swiggy's stock fell 2.5 per cent to INR 379.20 on BSE.

News and Trends

Captain Fresh Secures INR 250 Cr in Pre-IPO Round Led by Existing Investors

Accel, Tiger Global Management, Prosus Ventures, Z47 (formerly Matrix Partners India), Evolvence Group, and British International Investment are some of its prominent investors.

News and Trends

India's Quick Commerce Landscape to Transform with 5,000+ Dark Stores by FY26: Report

By 2027–28, dark stores are projected to achieve a gross order value of $35 billion to $40 billion.

News and Trends

India's Tech IPO Market Booms in 2024 with Swiggy's USD 1.34 Billion Debut and Zomato's Sensex Milestone: Report

Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's shift toward sustainability. Inclusivity also shone through, with 19 unicorns led by women founders, showcasing the evolving entrepreneurial landscape.

News and Trends

Swiggy's Snacc App Redefines Food Delivery with Quick, No-Fee Options

Operating in select Bengaluru pin codes near Swiggy's headquarters, Snacc is available from 7 AM to 1 AM and offers breakfast, meals, beverages, and snacks.

News and Trends

Year in Review: The Best Funded Startups of 2024

Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and unlocking new opportunities for market expansion and development.

News and Trends

Zomato and Swiggy Founders Shine in IDFC FIRST & Hurun India's Top 200 Entrepreneurs of the Millennia

DMart founder Radhakishan Damani topped the list, while Zerodha founders Nithin and Nikhil Kamath secured the eighth position.

News and Trends

Ex-Swiggy CTO and Former Kotak VP Unite to Empower Individual Traders with Sahi

Sahi offers proprietary trading tools with in-house charts, AI-driven insights, visual risk management, integrated market data, and a customisable interface, empowering traders with secure, reliable, and personalised trading experiences.