Latest Articles in Swiggy
Swiggy Faces User Backlash On Alleged Overcharges, 'Tech Bug' Says Company
According to media reports, the company confirms that no customers have been overcharged and they have paid the correct amount. This was due to a tech bug, which they have fixed
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Swiggy Acquires On-demand Logistics Platform Lynk
Since 2014, Swiggy has made five acquisitions. It bought restaurant tech platform Dineout from Times Internet in May 2022, aiming to widen its dining and rewards segments
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Swiggy's Food-delivery Arm Turns Profitability In March: CEO Sriharsha Majety
Over the past few weeks, US investors such Invesco and Baron Capital have marked down the fair value of their stakes in the Bengaluru-based startups
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US-based Baron Capital Cuts Swiggy's Valuation
Swiggy reported a widening loss in FY22, despite doubling its revenue. In FY22, the company posted a loss of Rs 3,629 crore, compared to a loss of Rs 1,617 crore the previous year
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Invesco Cuts Swiggy's Valuation To $5.5 Bn
Swiggy's latest valuation is 48.6 peer cent lower than in January of last year, when it became a decacorn after raising USD 700 million in a funding round
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Here's How ONDC Is Replacing Zomato, Swiggy
As per official data, ONDC has crossed the 10,000-daily order mark and that is why it is being promoted extensively now across the country
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Swiggy Pays Out Over Rs 31 Cr In Claim Amounts To Delivery Partners in FY23
Along with hospitalisation and OPD coverage, Swiggy delivery partners receive Rs 10,00,000 in case of fatalities. The company claims that 96 peer cent of the claims get settled within seven days
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Swiggy Introduces 'Platform Fee' For Customers On Each Order
The additional charge of Rs 2 would create a decent corpus to re-infuse back into its operations. The fee is likely to be extended to other cities in phases
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JM Financial Slacks Zomato's Growth Forecast By 4%
Zomato and competitor Swiggy are doubling down on rapid commerce as growth frontiers since it offers a considerably larger total addressable market than food delivery, especially as competitive intensity is decreasing
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Kitchens@ Acquires Swiggy's Cloud Kitchen Arm 'Swiggy Access'
Swiggy Access's presence had been limited to four cities. Kitchens@ stated that the acquisition will increase Swiggy's cloud kitchen's presence to 52 locations across those cities
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