In March, Swiggy’s food-delivery biz turned profitable, excluding Esop costs: CEO Sriharsha MajetyFood delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023.
18 May, 2023, 10.28 PM IST
US investor Baron Capital marks down Swiggy’s valuation by 34% to $7.1 billion in latest filingAccording to regulatory filings, Baron Capital had marked down Swiggy’s valuation to $6.7 billion as of June 2022, just six months after bu...
16 May, 2023, 05.32 PM IST
Government’s ONDC arrives with a price war taking on food-delivery majors Zomato, SwiggyPrices on brands such as McDonald’s, Taco Bell, Behrouz Biryani, Wow Momo, Pizza Hut and Cafe Coffee Day are at 30-80% discounts on ONDC or...
09 May, 2023, 11.18 AM IST
Invesco slashes Swiggy’s valuation by 33% to $5.5 billionThis is the second time Invesco has cut down its valuation in the food delivery firm. We reported last month that Invesco had marked down i...
09 May, 2023, 08.25 AM IST
Swiggy shuts gourmet grocery delivery service HandpickedSwiggy sold premium, gourmet, imported and hard-to-get grocery products through Handpicked.
03 May, 2023, 11.13 AM IST
Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better marginsIndian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. Th...
02 May, 2023, 07.23 AM IST
Swiggy starts charging platform fee for food orders amid stagnant growthThe platform fee is levied in addition to the delivery charge, which is waived for customers of Swiggy One who make an upfront payment and ...
28 Apr, 2023, 10.03 PM IST
Swiggy CTO Dale Vaz resigns, to be replaced by senior VP Madhusudan RaoThe development comes just days after Karthik Gurumurthy, head of Swiggy’s quick-commerce vertical, Instamart, said he would step aside fro...
03 Apr, 2023, 05.05 PM IST
Exclusive: Swiggy Instamart head Karthik Gurumurthy to step aside; cofounder Phani Kishan to take over bizGurumurthy is likely to be heading a new business in the broader ecommerce space at Swiggy. Internally, it is being called Instamart Max.
31 Mar, 2023, 10.39 AM IST
Swiggy to waive commission from new restaurants for a monthSwiggy said restaurant partners can potentially save up to Rs 20,000 through this initiative.
17 Mar, 2023, 06.16 PM IST
Swiggy sells cloud kitchen business to Kitchens@Kitchens@ said that after the acquisition, its combined gross merchandise value would be about $65 million, and the company plans to increa...
02 Mar, 2023, 08.40 PM IST
Swiggy appoints Sahil Barua, Mallika Srinivasan, Shailesh Haribhakti as independent board directors“We’re very excited about bringing on Mallika Srinivasan, Shailesh Haribhakti, and Sahil Barua to Swiggy’s board of directors,” said CEO Sr...
06 Feb, 2023, 02.26 PM IST
Swiggy to lay off 380 Employees, says CEOThe food and grocery delivery company is the latest to join the swelling ranks of startups such as ShareChat, Dunzo, Rebel Foods, Hubilo, O...
20 Jan, 2023, 11.30 PM IST
Swiggy pilots premium grocery business with HandpickedUnlike its quick commerce business Instamart, the products listed on Handpicked will only be delivered the next day, and consumers can only...
31 Dec, 2022, 12.23 PM IST
Swiggy joins quick grocery delivery race with InstaMartThe move has also come amid the entry of Reliance JioMart, a foray that is expected to give stiff competition to established players.
10 Aug, 2020, 08.11 AM IST
Amazon launches food delivery service in IndiaAmazon has been luring eateries with competitive commissions as a part of its larger plan to build a comprehensive product portfolio.
22 May, 2020, 01.17 PM IST
Times Prime to offer exclusive access to Swiggy SuperTimes Prime’s exclusive payment partnerships with HDFC Payzapp, HDFC Times Card & Times Points can be used to purchase the Times Prime memb...
01 Apr, 2019, 08.16 PM IST