Swiggy raises $113 million led by Naspers, valuation stays flat at $3.3 billion
The investment comes just a few weeks after rival Zomato acquired UberEats India. UberEats India has since then ceased to exist as a separate brand locally with users being redirected to Zomato’s app. Weeks prior to the deal, Zomato raised $150 million from existing investor Ant Financial, an Alibaba affiliate at a valuation of $3 billion.
In a first in India, Karnataka is drafting separate labour law for gig workers
Bengaluru — home to many buzzing tech startups — is working on...
Swiggy partners with restaurants to launch exclusive delivery brands
Swiggy currently has 100 such brands on its platform that were co-create...
Swiggy rolls out childcare and parenthood policy to benefit diverse workforce
Employees will receive benefits for adoption, fertility care and surrogacy, which include five days of leave in a calendar year in order to take up counselling sessions and fulfill other legal and medical procedures.
Backed by Ratan Tata, Dash.menu lets you watch a trailer of the dish before you order
Dash.menu lets customers preview bite-sized videos of dishes in a restaurant to help understand how it appears after preparation, the ingredients used and other details allowing them to choose responsibly.
Orders go down as Zomato & Swiggy raise delivery fees
Over the last six to eight months, the two dominant players have also started passing on restaurant packing charges and certain taxes to consumers and cut down on losses per order.
Zomato lets go of exclusivity for cloud kitchens
The move — which essentially allows these restaurants to list on rival platforms such as Swiggy — underlines a major shift in strategy for Zomato.
Disturbances in country one of the reasons for revenue pull-back: Jubilant FoodWorks
The November-December months had witnessed large-scale protests in several parts of the country against the Citizenship Amendment Act with various protests turning violent. This resulted in several consumer-oriented businesses across restaurants, hospitality, hotels and travel agents estimating a 10% impact on business on account of the unrest.
Tencent’s becomes the Alibaba of Indian startup scene
This comes at a time when India is emerging as the next frontier of growth given that fewer Chinese startups are going public due to the uncertainty caused by the country’s ongoing trade war with the US and overall sobering of valuations.
The rise of online ordering: Swiggy, Zomato & Uber Eats gain popularity, become ‘buzziest’ brands of 2019
Uber Eats is the “most improved” brand of the past year in India.
CAIT seeks probe into business models of 16 online platforms, e-commerce firms
In a letter to Commerce minister Piyush Goyal dated January 24, the Confederation of All India Traders (CAIT) alleged that the common phenomenon in these companies of incurring huge yearly losses and earning revenues is not a healthy business practice.
Ensure safety of food delivery men: Bengaluru police chief
His suggestion as well as warning received an overwhelming response as well as support on the microblogging site. Swiggy, however, responded to Rao’s tweet reiterating its commitment to road safety.
Uber analysts say India food unit sale ends ‘dark chapter’
The deal was a “smart, strategic” move and “shows strong execution on the part of Uber management, who has said repeatedly that unless Uber is 1 or 2 in a given market, or on a clear trajectory to get there, it would exit that market.”
Swiggy seeks higher commissions from restaurants in certain regions
The food delivery firm is looking to get restaurants to fund a larger chunk of promotions.
Swiggy & BigBasket CEOs are thick friends, bounce ideas off each other
We have seen plenty of corporate rivalries. However, this one is a tale of two best friends.
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