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SWIGGY FINANCIALS 2023
ET Prime Special Series: Multibagger or IBC - Curious case of one stock, two companies. Only one of them makes brakesOn paper this is a friction-material company. In practice, the larger force inside the company is an investment portfolio. The friction bus...- Samir Arora-backed Helios Flexi Cap Fund increases stake in Tata Motors, Eternal, Paytm, 8 others in AprilHelios Flexi Cap Fund, backed by Samir Arora, boosted its holdings in Tata Motors, Eternal, and Paytm during April. The fund also increased...
- Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
- Samir Arora-backed Helios Flexi Cap Fund adds nearly 13 lakh shares of HDFC Bank, exits IOC & HPCLSamir Arora-backed Helios Flexi Cap Fund significantly increased its stake in HDFC Bank, adding nearly 13 lakh shares amidst a price declin...
- Myntra CEO Nandita Sinha's exit is latest at top level for Flipkart groupSinha’s departure marks another senior-level exit at Myntra and its parent Flipkart, which is eyeing a public listing in some months.
- Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
- Sahi eyes $80 million from Accel Growth, Bessemer, othersNew-age stock trading platform Sahi, cofounded by Swiggy’s former chief technology officer Dale Vaz, is in advanced talks to raise $60-80 m...
- Swiggy’s investor relations head Abhishek Agarwal quitsAgarwal, who joined the company in July 2023, played a key role in Swiggy’s Rs 11,327 crore initial public offering (IPO) in 2024. He was p...
- Swiggy increases platform fee to Rs 17.58 from Rs 14.99, days after Zomato's hikeSwiggy platform fee hike: This comes days after rival Zomato hiked its platform fee by Rs 2.40 per order to Rs 14.90 before GST. Including ...
- Zomato’s fee hike to boost margins, demand still intact : Jignanshu GorZomato has increased its platform fee, aiming for better profits. This move puts it ahead of rival Swiggy in charges. Analysts believe this...
- ETtech Explainer: Zomato’s platform fee hike aims at profits to fund quick commerce growthWith around 267 million quarterly orders, even small hikes in these levies are adding meaningful income. The increase comes amid a recovery...
- Swiggy rolls out Rs 150 crore in fresh Esops under 2024 planSwiggy has granted fresh employee stock options worth around Rs 150 crore under its Esop 2024 plan, according to a regulatory filing. The m...
- Zomato welcomes rival Swiggy on Dalal StreetFood delivery giant Zomato welcomed rival Swiggy’s debut on Dalal Street on Wednesday through a post on X, formerly known as Twitter.
- Zomato growing faster than Swiggy, says CLSA with target price of Rs 248Global brokerage firm CLSA has set a target price of Rs 248 per share for Zomato, acknowledging its lead over IPO-bound Swiggy. In its annu...
- Swiggy enables Rs 450 crore in disbursals through restaurant financing programmeUnder the programme, that helps restaurants access financial products such as term loans and credit lines from lending firms including Indi...
- Focus back on growth over profitability; no consumption slowdown yet: Swiggy's Rohit KapoorKapoor, who was the global chief marketing officer at Oyo before joining Swiggy last August, told ET that both growth and profitability are...
- Baron Capital slashes Swiggy’s valuation yet again to $6.38 billionBaron Capital had marked down Swiggy’s valuation by 34% to $7.1 billion as of December 2022, which ET reported on May 16.
- Swiggy CEO says food-delivery biz turned profitable in March, Zomato's Deepinder Goyal tweets ‘nicely done’“As of March 2023, Swiggy’s food delivery business has turned profitable (after factoring in all corporate costs; excluding employee stock ...
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