Swiggy’s loss widens 39 pc to Rs 799 crore in Q3
Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
Amid concerns over monopolisation by online food delivery platforms launching private labels and leveraging restaurant data, the NRAI which represents more than 5 lakh restaurants in the country organised a live poll with 8,000 people from across the country.
The NRAI alleges that this represents the operation of private labels by the companies, raising issues for restaurant partners.
Food delivery and quick commerce player Swiggy is setting up a subsidiary to foray into the growing demand for recreational activities.
Zomato addressed the claims of the antitrust investigation by the Competition Commission of India (CCI) into its business practices, and called them “misleading”.
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.
In yet another top-level exit, Sidharth Satpathy, Vice President at Swiggy Instamart, has quit the company after around five years.
