Swiggy shareholders approve $1.25 bn fundraising via IPO
Swiggy shareholders pass a special resolution to raise ₹3,750 crore via fresh issue and up to ₹6,664 cr through OFS by shareholders
Swiggy shareholders pass a special resolution to raise ₹3,750 crore via fresh issue and up to ₹6,664 cr through OFS by shareholders
Moonlighting policy, gender parity and ESOPs are the key to the food delivery player becoming a sought-after employer.
Monthly incomes of long-shift food delivery workers plunged 11% to ₹11,963 in May 2022 from ₹13,470 in 2019
Prosus says its share of Swiggy's losses stood at $180 million
A further 70 unicorns were started by Indian co-founders outside of India, taking the total to 138 unicorns founded by Indians around the world, says Hurun’s Global Unicorn Index 2023
Zomato CEO Deepinder Goyal says the food ordering company has about 800 job positions open across five roles.
In minimum standards of fair work, Urban Company scored the highest 7 out of 10, followed by Bigbasket, Flipkart, Swiggy and Zomato.
Downstream startups raised $3.8 billion in FY22, a 115% increase from $1.77 billion in FY21. They continue to boost overall funding into the agrifoodtech space.
Swiggy’s one of the biggest investors Prosus says its share of Swiggy's trading losses increased to $105 mn on investment in both core food delivery biz and Instamart.
Any project that is taken up outside office hours or on the weekend, without affecting productivity, can be picked up by the employees.