Swiggy shareholders approve $1.25 bn fundraising via IPO
Swiggy shareholders pass a special resolution to raise ₹3,750 crore via fresh issue and up to ₹6,664 cr through OFS by shareholders
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Swiggy’s Mantra: Wellness & Wealth
Moonlighting policy, gender parity and ESOPs are the key to the food delivery player becoming a sought-after employer.
Food delivery workers' income drops 11% in 3 years
Monthly incomes of long-shift food delivery workers plunged 11% to ₹11,963 in May 2022 from ₹13,470 in 2019
Swiggy's annual losses widen 80% to $545 million
Prosus says its share of Swiggy's losses stood at $180 million
India retains 3rd spot as unicorn hub in 2023; BYJU’s, Swiggy, Dream11 lead
A further 70 unicorns were started by Indian co-founders outside of India, taking the total to 138 unicorns founded by Indians around the world, says Hurun’s Global Unicorn Index 2023
Amid layoffs, Zomato plans to hire 800 people across 5 roles
Zomato CEO Deepinder Goyal says the food ordering company has about 800 job positions open across five roles.
Uber, Dunzo, Ola, PharmEasy score lowest in providing fair conditions to gig workers
In minimum standards of fair work, Urban Company scored the highest 7 out of 10, followed by Bigbasket, Flipkart, Swiggy and Zomato.
India overtakes China as agrifoodtech startups raise record $4.6 bn in FY22
Downstream startups raised $3.8 billion in FY22, a 115% increase from $1.77 billion in FY21. They continue to boost overall funding into the agrifoodtech space.
Swiggy’s food delivery biz GMV up 40% to $1.3 bn in H1
Swiggy’s one of the biggest investors Prosus says its share of Swiggy's trading losses increased to $105 mn on investment in both core food delivery biz and Instamart.
Work for other companies also: Swiggy to employees
Any project that is taken up outside office hours or on the weekend, without affecting productivity, can be picked up by the employees.
