Tag: swiggy
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…
Swiggy CEO Sriharsha Majety sees telecom parallels in qcomm frenzy, says strategic clarity is key
Swiggy founder Sriharsha Majety said companies that find strategic clarity early are more likely to survive aggressive spending cycles, drawing parallels between quick commerce’s current…
Gig workers’ body writes to labour ministry to mandate heatwave protection
The Indian Federation of App-Based Transport Workers (IFAT) has written to the ministry of labour and employment, urging the government to mandate heatwave protection for…
Flipkart may launch standalone app for quick commerce business Minutes
Flipkart is planning to launch a standalone app for its quick commerce vertical Flipkart Minutes prior to its annual Big Billion Days sale later this…
Razorpay plans confidential IPO filing soon; targets $600-700 million raise at $5-6 billion valuation
Fintech unicorn Razorpay is preparing to confidentially file for an initial public offering (IPO) within the next few weeks, according to multiple people familiar with…
Quick commerce turning to reset lane as profit push tempers growth metrics
After several quarters of breakneck expansion, quick commerce majors Blinkit and Instamart are expected to report moderation in growth in the January-March quarter, as they…