Wednesday, 18 May, 2022
TopicSwiggy

Topic: Swiggy

Are Zomato & Swiggy helping restaurant business or hurting it? Why CCI has ordered a probe

Aggregators are accused of monopolising market and imposing their own price terms on partner restaurants. Complaint in CCI was filed by restaurant-owners' body.

Online delivery of Masala Dosas is a food ‘hate-crime’. North India must apologise

Swiggy ‘StatEATistics’ 2021 confirms Masala Dosa's popularity, especially in North India.

Food delivery, hairdresser, taxi, bank, car service — why all want feedback, all the time

The feedback forms you fill, and star ratings you are pestered for by drivers, delivery personnel and sales staff, have a purpose. They can help you, the personnel and businesses.

Swiggy nears $700 mn fundraise in Invesco-led round as it hopes for IPO in a year’s time

Invesco will pour in $200 million, with other existing investors such as Softbank participating. Swiggy is expected to follow Zomato with an IPO about a year or so later.

Swiggy catches up with Zomato, gets $1.25 billion funding to expand convenience businesses

Swiggy said it will use the funds to accelerate growth in food delivery and invest in its instant grocery delivery service Instamart, pick-up-and-drop service Genie and Supr Daily.

Zomato braces for 50k crore IPO, but only 7% Hindi heartland users order through it weekly

Zomato and Swiggy may seem like ubiquitous brands, but how many people in India’s largest Hindi-speaking states actually know about and use the apps?

Week after closing $800 mn funding, Swiggy set to raise $450 mn more, this time from SoftBank

SoftBank Group is likely to invest in Swiggy at $5.5 billion valuation. The financing is said to be awaiting approval from regulators.

Swiggy gets $800 million to fund growth and help seed new businesses

Swiggy CEO says the new capital will speed up growth in its existing businesses and help seed new ones. The funding will raise the food delivery app's valuation to nearly $5 billion.

Urban Company most ‘fair’, Swiggy, Zomato and Uber least — report on working conditions

A report by FairWork India, released Wednesday, looked at working conditions across 11 platforms and rated them based on parameters such as fair pay and fair representation.

Why the visually challenged are signing petitions addressed to apps such as Zomato, Swiggy

Recent Change.org petitions have drawn attention to the problems visually challenged users face while using popular delivery apps such as Dunzo, JioMart, Grofers and others.

On Camera

YourTurn

Representational image | Photo: Dhiraj Singh | Bloomberg

Indian law needs to account for women, make finance inclusive

Indian women face multiple barriers in accessing finance in an equitable manner. Research suggests adding a gender lens to existing laws and financial products is crucial.
Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

By special arrangement

Desi defence start-up helps Army go off decades-long dependence on imported cold-weather gear

While AROO does research on the product, manufacturing is handled by another company with which it has a tie-up. The first set of AROO gear was delivered in second half of 2021.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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