Tag: swiggy
Zepto brings back subscription via invite-only club membership programme
IPO-bound quick commerce startup Zepto has rolled out an invite-only paid membership programme, Zepto Club. It is currently available to select customers for Rs 99….
Zepto said to face sharply lower valuation for IPO
Indian fast-delivery company Zepto Ltd. is seeking a valuation in an initial public offering sharply below its $7 billion peak as concerns over cash burn…
Elevation Capital closes $500 million India fund; to back startups building on AI’s app layer
Paytm and Swiggy investor Elevation Capital has raised a $500 million fund to back early-stage startups, betting that the next generation of AI-led companies will…
Swiggy shares slide over 2% after FSSAI issues 9 notices over consumer complaints
Shares of food delivery major Swiggy fell. 5% to an intraday low of Rs 266 on the BSE on Monday after the Food Safety and…
Alpha Wave’s Kathuria set to exit amid India reset; to float Rs 1,000-crore fund
Ankur Kathuria, senior director at Alpha Wave Global, formerly Falcon Edge, has decided to move on from the US-based investment firm, adding to an expanding…
Young, loss-making startups keep OFS portion lean as investor scrutiny grows
Young, loss-making startups preparing for initial public offerings (IPOs) are increasingly keeping the fresh issue component large to fund their growth plans as investors grow…
Swiggy, Zomato, Uber asked to register gig workers by June 21: Report
The government has directed app-based platforms such as Swiggy, Zomato, Uber, Ola, Rapido, Blinkit and Zepto to register their gig workforce on the e-Shram portal…
Inside Zepto’s IPO filing — the key takeaways
Filing its updated draft papers for a public listing, quick commerce platform Zepto gave the first detailed account of its financials, shareholding, risks, and operating…
ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart
Food and grocery delivery company Swiggy’s failure to secure shareholder approval for changing its articles of association has delayed a governance reset that was meant…
Swiggy fails to secure requisite shareholder approval for altering AoA to become Indian-owned entity
Swiggy on Thursday said it has not secured the shareholder approval needed to amend its Articles of Association, a step it required to help qualify…