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SWIGGY FRAUD
Lenskart block deal; Meesho's kirana pushLenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Swiggy, Urban Company report Q4 losses; Zepto gets IPO nodNew-age companies Swiggy and Urban Company closed the March quarter in the red, even as revenues surged. This and more in today's ETtech To...
- 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 ...
- Gaming sector on losing streak; Vizag’s data centre gold rushIn a jolt to the Indian gaming sector, the founders of Winzo Games were arrested in a money laundering case. This and more in today’s ETtec...
- Swiggy OTP scam alert: How one alert user outsmarted a delivery conA Swiggy user recently escaped a delivery OTP scam when a rider falsely claimed he needed the OTP to reassign her order. The user’s refusal...
- Small-value payments to cost banks; Swiggy’s grim Q1Happy Friday! Banks are scrambling as the government cut incentive on small-value UPI transactions. This and more in today’s ETtech Morning...
- Swiggy’s stock slump; SoftBank’s first profit in 4 yearsSwiggy shares are in for a volatile run on the bourses as the lock-in period for pre-IPO investors expired on Monday. This and more in toda...
- Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Swiggy’s day out; banks on fraud patrolHappy Thursday! Swiggy delivered big on its market debut on Wednesday, leading to substantial gains for both early investors and employees....
- SC setback for Byju's: Zomato, Swiggy hike platform feeThe Supreme Court has set aside the NCLAT order that approved a settlement deal between Byju’s and the BCCI. This and more in today’s ETtec...
- Amazon’s q-comm move; green shoots for IT sectorHappy Monday! Amazon wants to catch up in the quick commerce race. We have a Monday AM scoop on the latest from the US ecommerce major in t...
- Influencer's father loses Rs 3 lakh in ‘Swiggy customer service scam’. How it happenedA 65-year-old man was defrauded of over Rs 3 lakh after trying to contact Swiggy's customer service due to an undelivered order. His son, N...
- Invesco raises Swiggy’s valuation by 9%; FMCG items a hit on ecommerce platformsUS asset manager Invesco has marked food-delivery platform Swiggy's valuation up by 9% to $8.5 billion in a second consecutive increase. Th...
- Swiggy's mid-mile focused drone pilot to take off soon, says CTOSwiggy is working with govt regulators and partners like drone manufacturers to execute the pilot.
- Swiggy puts Genie back in the bottle; BharatPe vows to claw back Ashneer Grover’s sharesSwiggy has temporarily suspended its pick-up-and-drop service Genie across three metros as it struggles to hire enough delivery workers to ...
- Refund money to Swiggy even if investigations are ongoing: Karnataka HC tells indirect tax departmentCourt said money collected through 'coercion' should be refunded, ruling set to help several other companies
- Swiggy, Instakart under tax lens over fake GST claimsCompanies deny charges of generating bogus invoices via fictitious firms.
- Internet companies team up to tackle e-fraudSeven leading internet companies are banding together to save their consumers from the rising menace of cyber frauds being carried out by d...
- Foodpanda finds no takers even at $10 million price tagDespite low valuation, the food ordering platform has not found a buyer yet, signalling that it may decide to shut India operations soon.
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