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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.
Swiggy's share issue comes on the heels of Hyundai Motor India's record IPO, which received a dismal response from retail investors put off by the price. The carmaker's stock is down 6% since listing.
In January 2024, Swiggy laid off 400 employees, or 6% of its workforce, ahead of IPO. [30] [31] In April 2024, Swiggy converted itself into a public limited company [32] and confidentially filed for an initial public offering. [33] Swiggy launched its initial public offering (IPO) in November 2024 at ₹390 per share, valuing the company at $11 ...
SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the ...
Started in 2014 by Ankit Kawatra, Feeding India is a nonprofit organisation which serves free meals to underprivileged people with the help of volunteers. [21] Feeding India was acquired by Zomato in July 2019. [22] In May 2022, Zomato claimed that Feeding India was serving over 200,000 meals every day under its Daily Feeding Program. [23]
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 .
The Shapoorji Pallonji has also had a brief involvement with Bollywood.Released in 1960, K. Asif's Mughal-e-Azam was funded by the group with a budget of ₹ 1.5 crore, which made it the most expensive Bollywood film till then and a record it held for many years.
On 24 March 2021, Jubilant FoodWorks announced that it had entered into a master franchise and development agreement with Restaurant Brands International to operate Popeyes restaurants in India, Bangladesh, Nepal and Bhutan. [18] [19] The company opened India's first Popeyes outlet at Koramangala, Bangalore on 20 January 2022. [20] [52]