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CCI finds Zomato, Swiggy's food delivery businesses in breach of antitrust laws

TMT

08 November, 2024

CCI finds Zomato, Swiggy's food delivery businesses in breach of antitrust laws

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices ......

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

TMT

08 November, 2024

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in ......

Swiggy gets 12% subscription on first day of $1.4 bn IPO

TMT

06 November, 2024

Swiggy gets 12% subscription on first day of $1.4 bn IPO

Food and grocery delivery firm Swiggy's $1.4 billion IPO was 12% subscribed after its first day of bidding, with retail ......

Norway's wealth fund, Fidelity among anchor investors in Swiggy IPO

TMT

06 November, 2024

Norway's wealth fund, Fidelity among anchor investors in Swiggy IPO

Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm ......

Pro
Norwest strikes dream returns from a decade-old India bet

TMT

04 November, 2024

Norwest strikes dream returns from a decade-old India bet

Multi-stage investment firm Norwest Venture Partners, which mostly invests in venture-stage transactions with a few growth-stage private equity-type deals in ......

Reliance plays catch-up to ride India quick commerce wave

Consumer

30 October, 2024

Reliance plays catch-up to ride India quick commerce wave

Asia's richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to drastically change how his retail empire ......

Swiggy ups fresh issue in IPO as Prosus cuts offer for sale

TMT

29 October, 2024

Swiggy ups fresh issue in IPO as Prosus cuts offer for sale

Food and grocery delivery platform Swiggy Ltd has increased the fresh issue in its upcoming initial public offering (IPO), while ......

Premium
Grapevine: Imperial Blue, InsuranceDekho, Swiggy, JSW Energy, ADIA, Poonawalla in news

General

28 October, 2024

Grapevine: Imperial Blue, InsuranceDekho, Swiggy, JSW Energy, ADIA, Poonawalla in news

Barista founder Ravi S Deol, JSW Energy and Power Trust have either entered the race or made the cut to ......

Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest

TMT

28 October, 2024

Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of ......

Swiggy looking to slash IPO valuation by 10-16%

TMT

24 October, 2024

Swiggy looking to slash IPO valuation by 10-16%

Indian food delivery giant Swiggy is internally aiming for a company valuation of $12.5-13.5 billion for its upcoming IPO, cutting ......