Swiggy to raise ₹11,300 cr at price band of ₹371-390; IPO to open on Nov 6
The IPO is a mixture of a fresh issue of shares worth ₹4,500 crore and an offer for sale of ₹6,800 crore by existing shareholders.
food delivery
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Why brokerages are bullish on Zomato post Q2
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
From ₹49 to ₹151: Zomato shares gain 200% in 11 months on turnaround in earnings
Zomato posted profit for the third consecutive quarter in Q3 FY24, driven by topline growth and rise in GOV across its businesses.
Zomato shares jump 2% amid buzz over stake sale by SoftBank
Softbank through its entity SVF Growth (Singapore) Pte looks to sell around 1.1% stake worth ₹1,000 crore in Zomato via the block deal route.
Food delivery workers' income drops 11% in 3 years
Monthly incomes of long-shift food delivery workers plunged 11% to ₹11,963 in May 2022 from ₹13,470 in 2019
Swiggy's annual losses widen 80% to $545 million
Prosus says its share of Swiggy's losses stood at $180 million
Swiggy’s food delivery biz GMV up 40% to $1.3 bn in H1
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.
What's behind Zomato’s Blinkit acquisition?
Revenue growth in food delivery is tapering out. How do you continue growing? Quick commerce opens up a new market as the grocery market is much larger than the food delivery market, says an analyst
Zomato, Swiggy get 15 days to submit grievance redressal plan
The Department of Consumer Affairs directed food delivery platforms to transparently show consumers the breakup of all charges.
Hotel chains rediscover F&B with delivery apps, food trucks & specialty joints
Indian Hotels' Qmin, Meetha By Radisson are a few of the options for foodies seeking a gourmet food experience within the comfort of their home.
