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In January 2024, Swiggy laid off 400 employees, or 6% of its workforce, ahead of IPO. [31] [32] In April 2024, Swiggy converted itself into a public limited company [33] and confidentially filed for an initial public offering. [34] Swiggy launched its initial public offering (IPO) in November 2024 at ₹390 per share, valuing the company at $11 ...
Swiggy's Instamart is India's No.2 in the quick commerce segment with an estimated market share of 20-25%, behind Zomato-owned Blinkit which has 40-45%, according to a UBS note released in August.
Goldman Sachs said in April quick deliveries accounted for $5 billion, or 45%, of India's $11 billion online grocery market and forecast the segment to reach a 70% share of that market by 2030.
Zepto is an Indian quick-commerce company headquartered in Bengaluru. [2] It was founded in July 2021 by Aadit Palicha and Kaivalya Vohra. [3] As of August 2024, the company is valued at over $5 billion [4] and operates over 250 dark-stores across ten metropolitan areas in India.
State Bank of India (SBI) Banking 5.18 10 Bajaj Finance Financial Services 4.46 2021. Top 10 companies in India in 2021 by market capitalization: [17] [15] [16]
The All India Gig Workers Union (AIGWU) is a trade union federation of gig economy workers, predominantly in food delivery, in India. The federation is affiliated with the Centre of Indian Trade Unions .
SUN Mobility has partnered with fleet operators (such as Amazon, [30] Zomato, [31] Swiggy [32]), shared mobility service providers, and automotive OEMs(such as Omega Seiki Mobility, [33] Hero Electric, [34] Piaggio Vehicles Pvt. Ltd., [35] and a few others) across vehicle platforms including two-wheelers, three-wheelers, and four-wheelers to ...
Naspers had a particular focus on India, investing more than $4 billion from 2014 to 2019, [24] across multiple sectors, including into Byju and ibibo. In December 2018, Naspers invested $1 billion into Indian online food ordering and delivery service Swiggy, [25] the largest single investment made, outside of China, into a food tech company. [26]