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.
Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday.
Online food delivery platform Swiggy has also increased the platform fee from Rs 2 to Rs 3 for food orders.
As Zomato CEO Deepinder Goyal went out on Sunday delivering friendship bands and food to few delivery partners and customers, a company rider was seen eating from packages meant for customers while waiting at a traffic signal in Bengaluru.
It all began during a fun-filled AskSRK session on Twitter when a concerned fan asked if SRK had eaten his meal.
The online food aggregator will become a stakeholder in Kitchens@ through the all-equity transaction of Swiggy's Access.
