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<keyword id="19896956" type="General" weightage="100" keywordseo="Swiggy" source="keywords" meta.keywordsubtype="org" meta.entityname="Swiggy" meta.hostid="261" meta.entityid="Swiggy">Swiggy</keyword>’s stock market debut has been awaited for a long time and recent reports suggest that the Bengaluru-based company is expected to raise more than USD 1 billion through its IPO. Reports also suggest that the company might soon file its draft red herring prospectus (DRHP) with the <keyword id="19901204" type="General" weightage="20" keywordseo="Securities-and-Exchange-Board-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Securities and Exchange Board of India" meta.hostid="261" meta.entityid="Securities and Exchange Board of India">Securities and Exchange Board of India</keyword> (Sebi), potentially launching its IPO as early as this week. Meanwhile, Swiggy has been busy implementing several notable changes across its operations, probably to gear up for its IPO. From changing leadership to expanding Instamart’s reach, let us take a look some changes implemented by Swiggy in the last few months. <h2>Leadership overhaul </h2> One of the most significant shifts has been at <keyword id="19939135" type="General" weightage="20" keywordseo="Swiggy-Instamart" source="keywords">Swiggy Instamart</keyword>, the company's quick commerce arm. Swiggy appointed <keyword id="22954620" type="General" weightage="20" keywordseo="Amitesh-Jha" source="keywords">Amitesh Jha</keyword>, a seasoned executive from Flipkart, as the new CEO of Instamart last month. This move marks the third leadership change for Instamart in just 18 months. As part of this transition, Phani Kishan, the outgoing head of Instamart, was announced to take on a broader role within Swiggy, overseeing the Central Growth unit and working closely with co-founder Sriharsha Majety on new initiatives. <h2>Expanding Instamart’s reach </h2> Swiggy Instamart has also been on an expansion spree, recently launching in 11 new cities across India, including Rajkot, Thrissur, and Kanpur. This expansion marks a strategic push into Tier 2 and 3 cities, broadening its customer base beyond metropolitan areas. The platform, which offers delivery of daily essentials in just 10 minutes, also said in a press release that it has seen encouraging results in these new locations. In Mangalore, for example, a new store achieved 1,000 orders in a single day faster than many larger cities. This localised approach, featuring partnerships with regional vendors, has enhanced Instamart’s appeal and efficiency in serving diverse customer needs. "Users across India already recognise the convenience Swiggy provides," Amitesh Jha said in a press release and added, "The enthusiastic demand from smaller towns and cities has been incredibly encouraging. Our expansion into these new locations marks a significant milestone, allowing even more people to experience the ease of having thousands of products—from everyday essentials to electronics and toys—delivered in just 10 minutes from both national and local brands." <h2>Changes in management </h2> Swiggy has also made notable changes in its management team recently. Himavant Srikrishna Kurnala, previously with Reliance Retail’s JioMart, was appointed as the head of product for Instamart earlier this year. His appointment is part of a broader strategy to strengthen the team ahead of the IPO. Other key hires include Mayank Rajvaidya, who has been named vice president of fruits and vegetables, and Manu Sasidharan, who joined as associate vice president of the FMCG category. These additions come in the wake of several high-profile departures from the company, signalling a recalibration of Swiggy’s leadership structure. <h2>Policy changes for restaurant partners </h2> Swiggy’s founder recently revealed that the decade-old startup partners with over 3 lakh restaurants today. And thus, when a policy change decision was announced that impacted restaurant partners directly, it made headlines. In a move to standardise its service fees, Swiggy extended its gross value service fee policy to restaurants in non-metro areas. This change, effective from August 14, involves charging a service fee on the gross value of orders, including GST and packaging fees. This adjustment was expected to lead to an increased commission for restaurant partners in smaller towns and cities. The policy shift aligns with the fees already applicable to restaurants in larger urban areas and reflects Swiggy’s efforts to streamline its revenue model. <h2>Converting into a public limited company </h2> To facilitate its upcoming IPO, Swiggy also transitioned from a private limited company to a public limited company. Earlier this year, Swiggy updated its name to <keyword id="23191546" type="General" weightage="20" keywordseo="swiggy-limited" source="keywords">Swiggy Limited</keyword>, removing the term 'Private' to better align with its public offering aspirations. This strategic move was intended to prepare the company for public investment and enhance its market presence. As Swiggy readies itself for its IPO, these changes underscore the company's commitment to growth, innovation, and adaptability. The upcoming listing marks a significant milestone in Swiggy’s journey, reflecting its ongoing evolution and strategic realignment in the competitive food delivery landscape.

Swiggy is preparing for its IPO soon: A look at some recent changes in the company

<keyword id="19896956" type="General" weightage="20" keywordseo="swiggy" source="keywords">Swiggy</keyword>'s quick commerce platform, <keyword id="19939135" type="General" weightage="100" keywordseo="swiggy-instamart" source="keywords">Swiggy Instamart</keyword>, is expanding its reach across India, bringing its services to a total of 43 cities. The platform, which promises delivery of daily essentials in just 10 minutes, has recently launched in 11 new cities over the past two months, including Rajkot, Thrissur, <keyword id="19936741" type="General" weightage="20" keywordseo="mangalore" source="keywords">Mangalore</keyword>, Kanpur, Udaipur, Warangal, Salem, Amritsar, <keyword id="19967908" type="General" weightage="20" keywordseo="bhopal" source="keywords">Bhopal</keyword>, Varanasi, and Ludhiana. This marks a significant push into Tier 2 and 3 cities, reflecting the company’s strategy to grow beyond its strong presence in metropolitan areas. In these new locations, customers can order a wide variety of items, including groceries, electronics, beauty products, and home supplies, all delivered within a 10-minute timeframe. One of the key elements of Swiggy Instamart’s growth strategy is its partnership with local vendors and brands, ensuring that customers in each city have access to regionally relevant products. In Mangalore, for instance, popular local names like Narans Foods and Ideal Icecream are now available on the platform. In Bhopal, customers can order from local brands such as Top N Town Breads and Andaah, while residents in Thrissur can find products from Milma Milk and Navua Bakers. This localised approach has helped the company attract a broader customer base, catering to regional tastes while maintaining the convenience of quick commerce. The company says that it has seen positive results from its recent expansion into these smaller markets. In Mangalore, one of the newly launched cities, a Swiggy Instamart store reached 1,000 orders in a single day faster than in many larger cities. Thrissur also set a benchmark by processing over 1,000 orders in just four minutes. Even in challenging weather conditions, such as the rain in Bhopal, the platform maintained full service availability, with 40% of orders being delivered on time despite adverse conditions. Swiggy Instamart’s CEO, <keyword id="22954620" type="General" weightage="20" keywordseo="amitesh-jha" source="keywords">Amitesh Jha</keyword>, noted the strong response from these smaller cities, stating that the enthusiastic demand has encouraged the platform to continue its expansion. "Users across India already recognize the convenience Swiggy provides," he said in a press release and added, "The enthusiastic demand from smaller towns and cities has been incredibly encouraging. Our expansion into these new locations marks a significant milestone, allowing even more people to experience the ease of having thousands of products—from everyday essentials to electronics and toys—delivered in just 10 minutes from both national and local brands." Looking ahead, Swiggy Instamart plans to deepen its presence in Tier 2 and 3 markets by expanding its network of dark stores—small, dedicated storage facilities used for rapid delivery. This move will help the platform manage the expected rise in demand during the upcoming festive season, a time when quick commerce services tend to see a spike in orders.

Swiggy Instamart launches in 11 new cities, says expansion in smaller markets has yielded positive results

<keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> on Tuesday said it will help generate over 70,000 direct and lakhs of indirect seasonal <keyword id="11018" type="COMPANY" weightage="20" keywordseo="Jobs">jobs</keyword> this <keyword id="36208" type="PERSON" weightage="20" keywordseo="festive-season">festive season</keyword>. The direct jobs will be across supply chain -- delivery executives, pickers, packers and sorters -- while there will be additional indirect jobs at Flipkart's seller partner locations and kiranas, the company said in a statement. "We are focused on creating impactful partnerships that offer great consumer experience while creating additional opportunities for progress of the entire ecosystem as it scales for the Big Billion Days (BBD)," said Amitesh Jha, Senior Vice-President, Ekart and Marketplace, Flipkart. Filpkart said that onboarding of more than 50,000 kiranas for the last-mile delivery will also create thousands of seasonal jobs to deliver millions of packages. "By generating employment and enabling our sellers to scale their businesses during this time, we're doing our part to drive growth in the industry and the economy," Jha said. Flipkart is undertaking training programmes for its direct hires in various aspects of the supply chain through a mix of classroom and digital training, enhancing their understanding of supply chain management. The company said it is now enabling customers to get their GSTIN on their invoices, thereby allowing them to claim input tax credit on their purchases. "The capability to allow GSTIN on their invoices will help millions of business entities - to claim input tax credit on their business related purchases, saving up to 28 per cent on their purchases," the ecommerce leader said.

Flipkart's Big Billion Day sale will create 70,000 direct jobs, says the e-commerce giant

<ul><li><keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> on Wednesday said more than 50,000 kiranas have partnered the platform. </li><li>The number of kiranas joining the programme has doubled since last year.</li></ul> In a move to make e-commerce more inclusive, cin preparation for the festive season and the ‘Big Billion Days sale. Flipkart said it has significantly expanded its kirana onboarding programme to make deliveries to customers in more than 850 cities. The number of kiranas joining the programme has doubled since last year. "Through a combination of their hyperlocal presence and innovations by Flipkart, this programme has become a great enabler in strengthening the kirana ecosystem in the country," said Amitesh Jha, Senior Vice-President, Ekart and Marketplace, Flipkart. The company aims to provide a personalised e-commerce experience to millions of consumers while creating opportunities for digital upskilling as well as additional income for kiranas. The kirana programme has been expanded to places like Tinsukia (Assam), Agartala (Tripura) and Kannur (Kerala), connecting kiranas and consumers to the country's fast growing digital commerce. To help kiranas onboard and be active participants in the festive season, Flipkart's team initiated contactless onboarding of kiranas through online application forms where kirana partners directly uploaded details along with required documentation. The team organised digital training on various tools including app-based dashboards and digital payments, helping kiranas transform their business from traditional general trade stores to modern convenience stores. "As one of the oldest <keyword id="6354851" type="UNKNOWN" weightage="20" keywordseo="retail">retail</keyword> formats in India, kiranas have one of the highest penetration and showcase effective management of the supply chain drivers such as facilities, inventory, information and sourcing, as well as in maintaining a long-standing relationship with consumers," Jha said. Last year, kiranas collectively delivered over 1 million shipments during Flipkart's ‘The Big Billion Day'.

Flipkart says it has onboarded 50,000 kirana stores for the festive season

E-commerce major <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> has pledged to give delivery workers leave with full pay and benefits if they contract COVID-19 or are placed under quarantine. Flipkart said it has made temperature screening using infra-red thermometers mandatory for all employees, vendors and visitors. Persons with suspected flu symptoms are advised to return home. "For our supply chain and logistics network, we have organised more than 3,000 awareness sessions covering over 100k employees across all our facilities on how our employees and partners can minimize their exposure by following simple precautionary measures," Amitesh Jha, Senior Vice President - eKart &amp; Marketplace at Flipkart, said in a blog post on Wednesday. The delivery executives of the e-commerce major are covered with both life and medical insurance, Jha informed. With the rapid spread of <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> across the world, the demand for digital services has increased significantly. Online retail giant Amazon this week announced that it plans to hire 1 lakh employees in the US in its fulfilment centres and delivery network as more and more people are relying on online deliveries for their daily needs due to the coronavirus pandemic. Flipkart also said that it has seen "overwhelming demand for essential products". "We appreciate the dedication and customer-first approach of our supply chain executives, wishmasters and delivery partners during this challenging time. They have reiterated their commitment to serving customers and overcoming many challenges to meet the overwhelming demand for essential products," Jha said. "The onus is on e-commerce to rise to the demands of the occasion, and we are sparing no effort to ensure that we meet our customers' needs," he said, adding that Flipkart is taking all preventive measures as advised by the World Health Organization. Seeking cooperation from customers in fighting the spread of coronavirus in India, Flipkart requested them to use digital payment gateways for all cash-on-delivery shipments. Flipkart said it is working on making additional delivery options such as contactless delivery available to customers in select locations. "Customers also have the option of requesting the delivery partner to leave their packages at the security booth of their residential complexes in line with their complex's guidelines (in case of online payments)," Jha said.

Flipkart delivery workers to get leave with full pay if quarantined

New Delhi, Jan 14 () Walmart-owned Flipkart on Tuesday said it is strengthening its supply chain infrastructure by setting up two warehouses (fulfilment centres or FCs) in Haryana, a move that will create about 5,000 jobs locally.
 "Spread across 9 lakh square feet, the FCs will help Flipkart significantly scale up its supply chain infrastructure in North India. The FCs will enhance the company's ability to support the delivery and supply chain logistics of a wide selection of large and non-large products (including furniture and large appliances)...," a statement said.
 The facilities will also amplify Flipkart's capabilities to cater to more consumers in the country, it added.
 Unlike traditional warehouses, fulfilment centres are equipped with highly automated pick, pack and shipping processes to facilitate safe and timely processing of orders.
 With these two FCs, Flipkart now has 12 assets in Haryana, including supply chain infrastructure for large appliances, non-large (including mobiles, apparel), grocery and furniture, taking the total asset capacity in the state to over 20 lakh sq ft.
 These assets are spread across various regions in the state including Binola, Bilaspur, Luhari and Ballabgarh.
 During the last festive season, Flipkart's FCs in Haryana served up to 40 per cent of the total number of orders from across India, the statement noted.
 "Flipkart's new investment in the state will create over 5,000 jobs, which will also include employment opportunities for women and people with different abilities. The company currently employs more than 10,000 people in Haryana across its supply chain and has created thousands of indirect jobs in the state," it added.
 It has also partnered with the National Skill Development Corporation's Logistics Skill Sector Council to provide training on nuances of supply chain and delivery to ensure skill development, career progression and growth for its employees.
 "Today we have one of the strongest supply chain networks in the country, making over 40 million deliveries every month and employ more than 120,000 people across the country," Flipkart Senior Vice President Amitesh Jha said.
 He added that the the addition of these two facilities will further strengthen Flipkart's supply chain and building capabilities to enable a strong ecosystem for MSMEs, local manufacturers and in the process create quality local jobs. SR RVK

Flipkart opens two warehouses in Haryana, to create over 5,000 local jobs

<ul><li>E-commerce gross merchandising volume could hit $7 billion this year during the festive season, a big jump from $3.8 billion last year.</li><li>With Diwali around the corner, the best deals and discounts are up on e-commerce platforms as users tend to splurge during festivals. </li><li>And this <keyword id="6371194" type="UNKNOWN" weightage="20" keywordseo="sale">sale</keyword> frenzy also means that many operations have to be set in order, which creates the room for ‘seasonal <keyword id="11018" type="COMPANY" weightage="20" keywordseo="Jobs">jobs</keyword>’ during the festive season alone. </li></ul>October beckons the start of the festive season and the much-awaited ‘festive sales’ across e-commerce platforms. With Diwali around the corner, consumers will be scouting for the best deals and discounts, as they look to splurge on gifts for family and loved ones. While this anticipated surge in e-commerce sales and the upcoming festive season will bring along some respite for the economy, this sale frenzy also means that companies are gearing up to fulfill this increased demand. Many operations have to be set in order, including infrastructure and workforce — thus creating ‘seasonal jobs’ during the festive season alone. A bumper festive season is coming up While <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> is getting ready with its Great Indian <keyword id="3741625" type="PERSON" weightage="20" keywordseo="festive-sale">Festive Sale</keyword>, <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> is set to announce the dates for its marquee sale event, the Big Billion Day sale. Both the e-commerce giants rake in millions of orders during these few days. And this year, with physical retail still clocking in lower numbers due to the coronavirus pandemic, e-commerce sales are only going to get bigger. According to a RedSeer report from September 18, e-commerce gross merchandising volume could hit $7 billion this year during the festive season, a big jump from $3.8 billion last year. That also means the bigwigs have to get ready with logistics and operations to ensure fast and safe deliveries. Jobs to surge as companies prep for the festive season According to another report by RedSeer, this festive season will help create over 300,000 permanent and temporary jobs. “We expect the total shipments during festive sales for the first event to grow 60% y-o-y over CY19 to reach 150 million,” said the report. Amazon has already announced that it has created more than 100,000 seasonal job opportunities ahead of the festive season. “This year, more than 100,000 seasonal associates will join us to fulfill customer promises. We remain committed to creating job opportunities across the country, especially at a time when the pandemic has posed challenges in earning livelihood for many”, said Akhil Saxena, Vice President - APAC, MENA, and LATAM Customer Fulfilment Operations, Amazon India, in a statement. Meanwhile, Flipkart had said that it’s Big Billion Days will create 70,000 direct and lakhs of indirect jobs., “As a front runner in e-commerce, our training and investment in the workforce is widely recognised, and contributes to skill development and enhances employability. By generating employment and enabling our sellers to scale their businesses during this time, we’re doing our part to drive growth in the industry and the economy,” said Amitesh Jha, Senior Vice-President, Ekart, and Marketplace, Flipkart in a statement. Logistics partner for many of the e-commerce sites, <keyword id="1560090" type="PERSON" weightage="20" keywordseo="Delhivery">Delhivery</keyword>, too said it was looking to create 15,000 seasonal jobs, as it gears up to ship 65 million to 75 million packages. While most of these are ‘seasonal jobs,’ the RedSeer report states that 20% of them may be retained by the end of the sale season. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/lee-fixel-india-comeback-former-tiger-global-head-leads-a-35-million-round-in-inshorts-for-its-social-media-app-public/articleshow/78402503.cms">Lee Fixel’s India comeback – former Tiger Global head leads a $35 million round in Inshorts for its social media app Public</a> <a href="https://www.businessinsider.in/business/corporates/news/companies-announce-a-four-day-weekend-to-help-beat-work-from-home-stress/articleshow/78426299.cms">From PepsiCo to PwC – companies announce a four-day weekend to help beat WFH stress</a>

Amazon, Flipkart, Delhivery create lakhs of ‘seasonal jobs’ as they gear up for the festive season

<a href="http://www.businessinsider.in/searchresult.cms?query=flipkart&amp;sortorder=effectivedate">Flipkart’s</a> logistics unit, <a href="http://www.businessinsider.in/searchresult.cms?query=ekart&amp;sortorder=effectivedate">Ekart</a>, is storming into <a href="http://www.businessinsider.in/searchresult.cms?query=courier&amp;sortorder=effectivedate">courier</a> services now and this is likely to disrupt the segment where players such as DTDC Express, First Flight Courier, etc are already big names. 
 <keyword id="3369419" type="UNKNOWN" weightage="20" keywordseo="ekart-courier">Ekart Courier</keyword> will provide door-to-door pick up service in less than four hours and deliver parcels within two days. 
 
Customers who will make the booking will be able to locate the parcels in real time through SMS updates and tracking. 
 
This means, Ekart Courier will impact the present day courier services, ending long queues and worries over delay in deliveries. 
 
Ekart plans to capture 5-10 per cent of the market in the first year and expects revenue of over Rs 200 crore of the Rs 22,000 crore market. 
 "We expect this service will be as disruptive as <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>'s entry into the ecommerce space. The industry is still very unorganised. No one provides an end-to-end proposition that consumers want," said Amitesh Jha, vice-president at Ekart, told ET. 
 
The Ekart Courier will debut from Bengaluru next week and in 50 other cities by September. It will give parcels at any of the 3,800 pincodes it directly reaches across the country. 
 
"Courier market is very price-sensitive. Typically, the yield players get in the courier market is Rs 15-25 per delivery. But for etailing-focused logistics players, the cost structure is way too high to address that market because they get around Rs 85 yield per delivery and are still not profitable," Manish Saigal, managing director at consulting firm Alvarez &amp; Marsal, told ET. 
 
However, Jha is not worried about the competition. 
 
(Image: Thinkstock)

Beware! Flipkart’s Ekart is making a disruptive entry into courier service segment

Noida-headquartered online marketplace <keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword> has decided to join hands with e-commerce giant <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword>’s logistics platform Ekart. It is piloting a service where goods shipped from Paytm will be delivered by Ekart. This is hinting at an approaching collaboration between the leader of the market Flipkart and its fast-growing rival. 
 
"We are integrating Ekart with our network of logistics players to offer end-to-end experience for both consumers and sellers," said Sudhanshu Gupta, head of business at Paytm. 
 
Ekart is also looking forward to roping in a rival online marketplace, as it wants to fashion itself into an independent business and not depend only on Flipkart. 
 
Talking of Paytm, the collaboration would help it in building a greater focus on smaller towns and cities, from where it gets more than half of total orders from the total of 1 lakh orders per day. 
 "Ekart will be an interesting experiment for us," <keyword id="198636" type="PERSON" weightage="100" keywordseo="Vijay-Shekhar-Sharma">Vijay Shekhar Sharma</keyword>, Paytm’s CEO told ET. "Since we are a marketplace, we work with different vendors to enable our merchants reach a wider consumer base." 
 
Ever since Binny Bansal has become the CEO of Flipkart, Ekart has been seeing a rise in its collaborations. In the recent past, it has also begun a pilot to deliver shipments for Jabong, the online portal dealing in fashion. 
 
"Ekart has the capability to transport over 5 lakh shipments from different sellers across India. We will be using the same capabilities to offer services to other companies," said Amitesh Jha, a VP at Ekart. 
 
All three of India's top ecommerce companies viz Flipkart, Amazon and Snapdeal, have their in-house logistics companies, so that they can deliver timely shipments. 
 
"Logistics is still broken in India and companies need to quickly build capabilities in ancillary areas and offer value-add services to customers in order to create a hook," said Prahlad Tanwar, director for transport and logistics at KPMG. 
 
<a href="https://www.powerlinx.com/wp-content/uploads/2014/09/finding-strategic-business-partner.jpg">Image source</a>

You Searched For "Amitesh Jha" and got 9 results

Swiggy is preparing for its IPO soon: A look at some recent changes in the company

Divyanshi Sharma

Swiggy Instamart launches in 11 new cities, says expansion in smaller markets has yielded positive results

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Flipkart's Big Billion Day sale will create 70,000 direct jobs, says the e-commerce giant

IANS

Flipkart says it has onboarded 50,000 kirana stores for the festive season

IANS

Flipkart delivery workers to get leave with full pay if quarantined

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Flipkart opens two warehouses in Haryana, to create over 5,000 local jobs

PTI

Amazon, Flipkart, Delhivery create lakhs of ‘seasonal jobs’ as they gear up for the festive season

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Beware! Flipkart’s Ekart is making a disruptive entry into courier service segment

BI India Bureau

Paytm joins hands with Flipkart for timely deliveries

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You Searched For "Amitesh Jha" and got 9 results

Swiggy is preparing for its IPO soon: A look at some recent changes in the company

Divyanshi Sharma

Swiggy Instamart launches in 11 new cities, says expansion in smaller markets has yielded positive results

Divyanshi Sharma

Flipkart's Big Billion Day sale will create 70,000 direct jobs, says the e-commerce giant

IANS

Flipkart says it has onboarded 50,000 kirana stores for the festive season

IANS

Flipkart delivery workers to get leave with full pay if quarantined

IANS

Flipkart opens two warehouses in Haryana, to create over 5,000 local jobs

PTI

Amazon, Flipkart, Delhivery create lakhs of ‘seasonal jobs’ as they gear up for the festive season

Sanchita Dash

Beware! Flipkart’s Ekart is making a disruptive entry into courier service segment

BI India Bureau

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Paytm joins hands with Flipkart for timely deliveries