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New Delhi, May 27 (PTI) Quick commerce platform Instamart has dropped parent Swiggy from its name, in a strategic move aimed at carving a standalone brand identity. The move comes days after rival Zomato, which also owns Blinkit, rebranded as Eternal on the stock exchanges, with quick commerce becoming a significant driver for the firms beyond their food delivery businesses. At multiple instances, Swiggy Group CEO Sriharsha Majety has spoken about how the company expects Instamart to surpass f ...Read More >
Mumbai: Following a decline for the fourth consecutive day, shares of online food aggregator Swiggy on Friday slipped below its initial public offering (IPO) issue price of Rs 390. Global financial services company Macquarie has remained the biggest bear on the stock with a target price as low as Rs 325. Swiggy's stock has now fallen nearly 40 per cent from its all-time high of Rs 617 which was reported on December 23, 2024. The continuous decline in stock price has also brought Swiggy's tota ...Read More >
Mumbai, Feb 7 (VOICE) Following a decline for the fourth consecutive day, shares of online food aggregator Swiggy on Friday slipped below its initial public offering (IPO) issue price of Rs 390.According to market experts, the company's shares are dropping due to investors' reaction to the company's higher-than-expected losses in the third quarter (Q3 FY25). After touching a high of Rs 397.65 and a low of Rs 374.8, the stock fell by 2.5 per cent to Rs 379.20 on the BSE during the intra-day trad ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, n ...Read More >
New Delhi: Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to Rs 59 crore. The scrip of the company fell 11.81 per cent to Rs 212.50 apiece on the BSE. On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of Rs 215.80 per piece. On Monday, shares of Zomato settled more than 3 per ...Read More >
New Delhi, Jan 21 (PTI) Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to ₹59 crore. The scrip of the company fell 11.81 per cent to ₹212.50 apiece on the BSE. On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of ₹215.80 per piece. On Monday, shares of Zomato settled more tha ...Read More >
New Delhi, Jan 17 (PTI) Trinamool Congress MP Mahua Moitra took to X to complain about an online food ordering and delivery service, saying that an expensive ice cream she ordered arrived "spoilt." In a post on X late Thursday night, Moitra tagged Swiggy and said, "Sorry Swiggy, you've got to up your game. Unacceptable that I ordered expensive Minus Thirty mini sticks ice cream and it arrives spoilt and inedible. Expecting a refund or replacement asap." The online delivery platform responded to ...Read More >
BusinessWire India New Delhi [India], January 14: Startup Policy Forum (SPF), with the support of Department for Promotion of Industry and Internal Trade (DPIIT) and Startup India, are launching flagship initiatives - Startup Baithak & Startup Baatcheet, to commemorate National Startup Day 2025. The two-day event to be held at Bharat Mandapam is designed to spotlight the vibrancy and transformative potential of India's startup ecosystem while discussing key policy issues including Data Privacy, ...Read More >
New Delhi: On-demand convenience platform, Swiggy Instamart, has expanded to 76 cities across the nation, and is now available as a standalone app for download, said the company. "As one of Swiggy's flagship services, Instamart will continue to be accessible via Swiggy's unified platform, where it has delivered rapid growth in the past year. The Instamart app provides users an even more direct experience, offering greater convenience by ensuring quicker access to Swiggy's pioneering quick-comme ...Read More >
Ghazal Alagh, aged 36 and the co-founder of Mamaearth brand, has been recognized as the youngest self-made woman entrepreneur in the recently released IDFC FIRST Private & Hurun India's Top 200 self-made entrepreneurs of the Millennia 2024 list. Her company, Mamaearth (under the parent company Honasa Consumer), achieved a remarkable valuation of Rs 15,500 crore, reflecting a 55% growth year-on-year. The list highlights Alagh's outstanding positioning in the Indian beauty and wellness sector, w ...Read More >
Finally, the cat is out of the bag and hopping mad on the hot tin roof! Techie Atul Subhash, 34, strung himself up like a ceiling fan and left a placard with the three words 'Justice Is Due'. Atul Subhash also left a 24-page suicide note and an audio-video explanation on why he killed himself and who abetted the suicide, bringing into focus the female-male divide into sharp focus? Nobody assisted Subhash in placing the noose around his neck, but he did affirm that his estranged wife and her rela ...Read More >
New Delhi: Zomato CEO Deepinder Goyal has emerged as India's second-largest self-made entrepreneur, with his company's valuation soaring by 190% to reach Rs 2,51,900 crore, as per Hurun India. He is closely trailed by Swiggy founders Sriharsha Majety and Nandan Reddy, who also rank high among India's top entrepreneurs. According to Hurun India, Swiggy, which went public earlier this year, has seen a 52% increase in its valuation, now exceeding Rs 1 lakh crore. Meanwhile, Radhakishan Damani, the ...Read More >
Former Cleartrip CEO Ayyappan R has secured $8 million in seed funding for his quick commerce startup, FirstClub. Backed by Accel and RTP Global, the platform will offer premium local and global fresh products on a subscription model, launching in Bengaluru by mid-2025. FirstClub aims to cater to a discerning customer base seeking high-quality products and convenient delivery.Quick commerce startup, FirstClub, founded by former chief executive of Flipkart-owned Cleartrip Ayyappan R, has raised $ ...Read More >
Quick commerce company Zepto will launch a separate app for Zepto Cafe, its 10-minute food delivery unit, next week, co-founder and CEO Aadit Palicha announced on social media on December 11. While Zepto Cafe will be available through another app, customers will also have an option to shop for coffee, sandwiches and more via the main app. Zepto's move to have two entry points is similar to what Zomato did with Blinkit, the company's quick commerce arm, over a year ago. While Zomato piloted hav ...Read More >
NEW DELHI : Amazon is taking the fight to India's quick commerce startups. Starting this December, the e-commerce giant will roll out 15-minute delivery in Bengaluru, targeting top-selling items like groceries and daily essentials. The move marks Amazon's response to growing competition from ultra-fast delivery players, a segment reshaping consumer expectations in India. Read this | CCI enlists attorney general R Venkataramani to clear path for Amazon, Flipkart antitrust probes "On the speed ...Read More >
New Delhi, Dec 3 (UNI) In its first results post listing, on-demand convenience platform, Swiggy on Tuesday announced a 30 percent growth in Gross Order Value at Rs 11,306 crore for the quarter and half year ended September 30, 2024. Swiggy's overall Gross Order Value (GOV) grew 30 percent YoY to reach Rs 11306 crore, while the consolidated adjusted EBITDA loss of Rs 341 crore represented a reduction in the loss by 30 percent YoY. Platform Average Monthly Transacting Users (MTU) grew 19.2 perce ...Read More >
Swiggy's quick commerce segment also saw remarkable growth, with revenue surging by 135% to Rs 490 crore in Q2 FY25 from Rs 208 crore in Q2 FY24. Foodtech and quick commerce giant Swiggy has managed a 30.3% quarter-on-quarter growth in its operating revenue which spiked to Rs 3,601 crore during Q2 FY25 as compared to Rs 2,763 crore Q2 FY24. This growth was largely driven by the expansion of its quick commerce businesses which grew 135% in the last quarter. Swiggy's food delivery business conti ...Read More >
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, an ...Read More >
Intensifying its crackdown on influencers, markets regulator Sebi on Monday restrained seven entities, including Mohd Nasiruddin Ansari, who ran unauthorised investment advisory services in the name of 'Baap of Chart', for up to one year. The regulator also directed the entities -- Nasiruddin Ansari, Rahul Rao Padamati, Tabraiz Abdullah, Asif Iqbal Wani, Golden Syndicate Ventures Pvt Ltd (GSVPL), Mansha Abdullah and Jadav Vamshi -- to refund Rs 17.2 crore within three months. Ansari runs a pr ...Read More >
By diluting a part of its stake, or by selling shares worth $500 million, Prosus made gains of over $2 billion just from betting on Swiggy. Food tech and grocery delivery company Swiggy reported a revenue of $750 million (around Rs 6,300 crore) in the first half of financial year 2025 (H1FY25), up 40 percent from $536 million (about Rs 4,500 crore) recorded during the same period last year, Prosus, one of the company's largest shareholders, said in its half yearly disclosures. During the same ...Read More >
A Datum Intelligence report claimed that ecommerce GMV for the festive season crossed the INR 1 Lakh Cr mark in 2024, as against INR 81,000 Cr in 2023 and INR 69,800 Cr in 2022 After all the buzz around the fight between ecommerce marketplaces and quick commerce giants, how did Amazon India fare in the 2024 festive season sales? For the US-based ecommerce giant, the Great Indian Festival, which ran throughout October this year, the biggest takeaway is that Indian online shoppers are rapidl ...Read More >
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