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Swiggy

Gogoro and Swiggy Announce Electric Vehicle Partnership in India

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Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced a vehicle partnership with Swiggy, India’s leading on-demand convenience delivery platform. “Accelerating the electric transformation of India’s hyperlocal fleets is a top priority for Gogoro and India’s national and city governments. Partnering with Swiggy, a leading … Read more

Swiggy sacks hundreds of employees; shuts down Meat Marketplace

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According to an internal e-mail sent on Friday by Sriharsha Majety, Swiggy’s chief executive and co-founder, the food and grocery delivery service has let go more than 300 of its 6,000 employees as part of a “restructuring exercise.” “As part of a reorganisation effort, we’ve made the extremely tough choice to reduce the size of … Read more

Swiggy acquires Times Internet-backed Dineout for $200 million

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Swiggy, a food and grocery delivery service, has agreed to buy restaurant table reservation platform Dineout from Times Internet in a definitive deal. Swiggy will now be a complete foodtech platform, from delivery to table reservations. Swiggy is now directly competing with Zomato’s table reservation service, Zomato Book. Swiggy said in a news release that … Read more

Swiggy shuts down Supr Daily operations in five cities

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Swiggy, the Bengaluru-based food aggregator, has shut down its subscription-based commerce platform Supr Daily. The firm informed its customers that it will cease operations in five cities, including the Delhi-NCR region, on May 12. Supr Daily was started in 2015 by IIT Bombay grads Shreyas Nagdawane and Puneet Kumar and acquired by Swiggy in 2018. … Read more

Rapido Raises $177.5 Mn From Swiggy and TVS Motor

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Rapido, a bike taxi startup based in Bengaluru, has secured $177.5 million in a fundraising round led by food delivery aggregator Swiggy. Another new investor, TVS Motors, also participated in the round. Rapido’s current investors, WestBridge Capital, Nexus Ventures, and Shell Ventures, all contributed to the round. Swiggy was reportedly in talks to lead Rapido’s … Read more

Swiggy raises $700M investment led by Invesco reach at a valuation of $10.7B

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Swiggy, the foodtech unicorn, has secured $700 million from Invesco, six months after raising $1.25 billion. Swiggy is now worth $10.7 billion, up from $5.5 billion previously. This investment comes at a time when food and online grocery are becoming more popular, and consumer demand for Swiggy’s services is increasing. While the food delivery business … Read more

Swiggy looking to invest $700M in Instamart

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Swiggy, a Bengaluru-based foodtech startup, has announced that it will invest $700 million in its Instamart quick grocery delivery service. Instamart, which began operations in Gurugram and Bengaluru in August 2020, now operates in 18 cities and processes over 1 million orders per week. Swiggy Instamart has added more than one seller-run dark store every … Read more