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.
The online food aggregator will become a stakeholder in Kitchens@ through the all-equity transaction of Swiggy's Access.
Indian food aggregator platforms Swiggy and Zomato have featured in world's 'Top 10' e-commerce-based food delivery companies. A report published by global research firm ETC Group titled 'Food Barons 2022 - Crisis Profiteering, Digitalization and Shifting Power' placed Swiggy and Zomato the 9th and 10th spot, respectively.
Within the first few days of its launch, 24,000 children and out of 3,05,049 DEs 37,000 have already signed up and 18,990 have started the course with the Swiggy Skills Academy.
A Swiggy delivery man was killed when a minor driving an MG Hector SUV hit his bike at Desh Bandhu Gupta Road
Among other things, the delivery agent started sending her weird messages like "Miss you lot" and "nice your beauty, wonderful behaviour".
