The MoU was signed in the presence of Union Minister of Labour & Employment Mansukh Mandaviya and Union Minister of State for Labour & Employment Shobha Karandlaje.
Online food and grocery delivery platform Swiggy is facing fresh tax troubles after receiving two assessment orders related to the financial year 2021-22.
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.
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.
The quick grocery and food delivery platforms received huge orders as revellers preferred to stay home to celebrate the New Year.
Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000.
As 2023 comes to a close, online food delivery platform Swiggy on Tuesday revealed that a user from Jaipur placed 67 orders on Instamart on a single day this year.
