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4 days ago · Published on : 25 Jun 2024, 6:46 am. Flipkart considered acquiring a stake in Swiggy approximately eight to ten months ago, as both companies aimed to form an alliance in response to the growing quick commerce sector, as per a report by the Economic Times. However, the discussions reportedly ended due to a disagreement over valuations.
4 days ago · Global brokerage firm CLSA has set a target price of Rs 248 per share for Zomato, acknowledging its lead over IPO-bound Swiggy. In its annual results release, Prosus, with a 32.7% stake in Swiggy, revealed that Swiggy's overall GOV growth, encompassing food delivery, quick commerce, and dining out businesses, was 26% YoY, while Zomato achieved a 31% YoY growth.
4 days ago · Tuesday June 25, 2024 , 2 min Read. Brokerages including Emkay and CLSA continue to bet big on Zomato over Swiggy banking on better performance by the former’s quick commerce unit as compared to ...
4 days ago · The report adds, “In its tenth year of operations, Swiggy‘s GOV3 grew 26 per cent year on year, and its ever-transacted user base reached the milestone of 104 million at the end of December 2023, supported by a fleet of around 387 000 active delivery partners. Prosus held 32.6 per cent of Swiggy at the end of the reporting period.”
5 days ago · Big Indian brands like Zomato, Swiggy celebrated the victory. (Source: ICC) India defeated Bangladesh by 50 runs in Antigua, confirming their spot in semi-finals in ICC Men’s T20 World Cup 2024.
3 days ago · Another Hyderabad resident, Sai Teja, raised further concerns about Swiggy. He reported finding a bug in his chicken biryani order from Mehfil, but from a different outlet. Sai Teja shared photos online showing the maggot in the biryani, for which he paid ₹318. Despite his complaint to Swiggy, he claimed to have received only a partial refund ...
5 days ago · Swiggy’s revenues are driven by a 26% rise in its gross order value during the fiscal ending March 2024. IPO bound food and delivery major Swiggy’s revenue grew 24 per cent in the last ...
