Swiggy to foray into ownership, management of sports teams business
Food delivery and quick commerce player Swiggy is setting up a subsidiary to foray into the growing demand for recreational activities.
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”.
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.
Online food delivery platform Swiggy's investor Prosus, in its financial filing, stated that Swiggy’s core food-delivery business grew 17 per cent and delivered gross merchandise value (GMV) of $1.43 billion in the first half of FY24.
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.
