Indian food-delivery platform Swiggy Ltd. is seeking to sell shares for as much as 390 rupees ($4.64) each in an initial public offering that may raise $1.35 billion, people familiar with the matter said.The IPO will open for bids from November 6, and the shares are expected to start trading from Nov. 13, according to…
Zomato has a clarification on the recent platform fee hike – a day after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) reportedly sought clarification from the online food delivery platform. Zomato said that the Rs 10 platform fee hike is “not a rumour”.In a document addressed to the BSE, Zomato said that…
NEW DELHI: Food and grocery platform Swiggy launched its 10 minutes meals and beverage delivery service Bolt on Friday, currently available key locations in Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore.The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require minimal…
MUMBAI: Food & grocery delivery company Swiggy on Thursday filed papers for an IPO that is expected to be worth about $1.2 billion (or Rs 10,000 crore) – the biggest floated by an Indian startup since Paytm’s Rs 18,300 offer in 2021. The IPO is expected to be up-sized to about $1.4 billion (or Rs…
CHENNAI: A 19-year-old food delivery executive died by suicide at his house in Kolathur area here on Tuesday. In his suicide note, he said he took the extreme step as he was dejected as a woman customer scolded him for being late when he went to deliver groceries. The deceased was identified as J Pavithran,…
Zomato CEO Deepinder Goyal has shared interesting insights into the days when he started the food delivery and restaurant aggregator platform. Recalling the days when he planned to launch Zomato, Goyal said his father was skeptical about the startup. “My dad at that time told me, janta hai tera baap kaun hai?” Goyal said at…
