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.
Swiggy rolls out permanent work-from-anywhere policy
Under the policy, the corporate, central business functions and technology teams will continue to work remotely.
India sees over 15,400% growth in startups in 6 yrs
Startups spread across 56 diversified sectors; 4,500 recognised in emerging tech such as IoT, robotics, AI, analytics
Zomato, Swiggy get 15 days to submit grievance redressal plan
The Department of Consumer Affairs directed food delivery platforms to transparently show consumers the breakup of all charges.
Swiggy acquires restaurant table booking platform Dineout
The acquisition will enable Swiggy to double down on the synergies with Dineout's offerings, including dining out table reservations and events.