Swiggy gets shareholders' nod for $ 1.2 billion IPO
New Delhi: Bengaluru-based food tech company Swiggy has obtained approval from its shareholders for its upcoming $1.2-billion initial public offering (IPO).
Swiggy appoints Suparna Mitra as an Independent Director to its Board
Kolkata: Swiggy on Thursday announced the appointment of Suparna Mitra as an Independent Director to its Board.
Zomato delivery agents tipped Rs 97 lakhs by customers this New Year
Mumbai: This New Year's Eve, apart from the restaurants, bakeries and other food joints, those delivering food from these establishments to the doorstep of the customers also benefited from the celebrations as people decided to make generous tips to delivery executives.
Taxman slaps GST demand of Rs 750 cr on Swiggy and Zomato
The Directorate General of GST Intelligence has sent Goods and Services Tax (GST) demand notices to the food aggregators Zomato and Swiggy, media reports said on Wednesday.
Swiggy sells its cloud kitchen business to rationalise costs
Mumbai: Food delivery platform Swiggy announced on Thursday that it has completed a share-swap agreement with Kitchens@ to sell its cloud kitchen business, Swiggy Access. This decision was made as part of the company's cost-cutting measures, which included laying off 380 employees due to a lack of funding opportunities, The Financial Express reported.
Swiggy terminates 380 jobs amid weak growth in food delivery business
Bengaluru: Food aggregator and quick commerce company Swiggy has laid off 380 workers citing challenging macroeconomic conditions and a slowdown in its food delivery business, media reports said.
Kolkata/IBNS: Swiggy, India’s on-demand convenience platform, has launched an immediate and free ambulance service for all its active delivery executives and their dependents in the case of emergencies.
Zomato reacts over Competition Commission's probe
New Delhi: Zomato has said the Competition Commission of India (CCI) wants to look into its trade practices like the preferential listing of restaurant partners and pricing parity and has prima facie not found concerns with respect to their independence on levy of commissions or alleged bundling of services, media reports said.
Food order delivery platform Swiggy raises USD 700 mn funding
Mumbai/UNI: Food ordering and delivery platform Swiggy on Monday said it has raised USD 700 million in new funding led by Invesco.
TVS Motor partners with Swiggy to expand EV role in food delivery
New Delhi/UNI: Two & 3Wheeler manufacturer TVS Motor Company has announced a partnership with food and on-demand delivery player Swiggy to enable the adoption of electric vehicles in its delivery fleet and increase the share of EVs in food delivery and on-demand delivery services.
Swiggy, Zomato clock record orders per minute sending UPI infrastructure into disarray
Mumbai/IBNS: Swiggy and Zomato, India's top food aggregator platforms, clocked 9,000 orders per minute and 7,100 orders per minute, respectively, till 8:20 pm on December 31, 2021, as most people decided to stay indoors and celebrated the New Year eve amid Omicron scare.
Swiggy to expand grocery delivery business with $700 million investment
Mumbai/IBNS: Swiggy will invest $700 million in its express grocery delivery business Instamart with the aim to strengthen its presence in a category that has shown immense growth since it was launched in the middle of the pandemic last year.
Swiggy to introduce paid monthly period time-offs for women delivery partners
Bengaluru/IBNS: Online food delivery aggregator Swiggy will be giving its female regular delivery partners paid monthly period time-offs, it said in a statement on October 20, according to media reports.
Zomato, Swiggy to collect 5 pct GST from consumers: Nirmala Sitharaman
New Delhi/IBNS: Food delivery apps like Zomato and Swiggy will collect five per cent Goods and Services Tax (GST) from consumers instead of the restaurant they pick up orders from, Union Finance Minister Nirmala Sitharaman said on Friday.
New Delhi/UNI: The GST Council in its meeting on Friday may discuss the possibility of bringing diesel and petrol in the ambit of the new indirect tax regime besides considering a proposal to levy a five per cent tax on food-delivery apps such as Zomato and Swiggy.