Zomato, Swiggy call claims of antitrust probe by CCI as ‘misleading’
Zomato addressed the claims of the antitrust investigation by the Competition Commission of India (CCI) into its business practices, and called them “misleading”.
Zomato addressed the claims of the antitrust investigation by the Competition Commission of India (CCI) into its business practices, and called them “misleading”.
The IPO received bids for about 1.8 crore shares against around 16 crore shares on offer, according to the NSE data.
The highly anticipated IPO of online food and grocery delivery giant is set to debut on Dalal Street on November 6, aiming to raise approximately Rs 11,327.43 crore from the primary market.
The biggest IPO among these will be of food delivery company Swiggy, which is planning to raise more than Rs 11,000 crore through IPO from the stock market.
IPO-bound food delivery platform Swiggy has disclosed that a former junior employee allegedly embezzled more than Rs 33 crore over a period of time from one of its subsidiaries.
Zomato’s rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24).
With this, Arora joins a growing list of VPs and senior vice presidents (SVPs) who have left Swiggy over the past year.
In light of recent inquiries and speculations concerning Paytm's availability as a payment method on service providers including Uber, Swiggy, Zomato and other platforms, Paytm has come forward to address and clarify the situation for its users and stakeholders.
In its new filings, Baron Capital mentioned that it had increased the value of its share in Swiggy to $87.2 million, up from its original $76.7 million investment in the company, reported TechCrunch on Friday.
For its IPO process, the company is likely to have picked seven investment banks, including Kotak Mahindra Capital, Citi and JPMorgan, Bofa Securities, Jefferies, among others.
