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Zomato's net profit jumps 389% YoY, board approves Rs 8,500 crore fund-raise proposal

Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved…

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Swiggy acquires retail distribution company Lynk to enter retail market

Online food delivery platform Swiggy on Thursday said it has acquired retail distribution company L…

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2023: The year that startups started to grow up

The year of 2023 was tough for many startups which had to survive without the VC funding bottle. Un…

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Swiggy initiates ESOP liquidity worth $23 million, all employees now eligible

Swiggy announced the next round of ESOP liquidity to be held in July 2023. This enables emplo…

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Swiggy enters high-end dining market with $200 million acquisition of Dineout

Reliable sources told IANS that the acquisition size could be around $200 million. Dineout, w…

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Ashneer Grover blames Zomato's Blinkit acquisition for its share price fall

Former BharatPe Co-founder and managing director Ashneer Grover said on Tuesday that Zomato should …

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Shinier Zomato Gold, better commissions makes analysts bullish in the long term

Zomato’s stock has been under the pump in 2023, declining by over 12% while the benchmark Nifty50 i…

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Swiggy's losses jump 2X to ₹3,629 crore in FY22, layoffs coming

Online food delivery platform Swiggy's losses doubled to ₹3,629 crore in FY22 compared to ₹1,617 cr…

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Over 25% unicorns in India founded by serial entrepreneurs: Report

More than 25 per cent of Unicorns (with valuation $1 billion and above) in India are founded by rep…

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Indian agrifood startups get record $4.6 bn investment in FY22

Indian agrifood startups received a record $4.6 billion in investment in FY 2021-22, up 119 per cen…

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Prosus terminates $4.7 bn deal to acquire BillDesk

Prosus NV, which owns PayU, has terminated a $4.7 billion (about Rs 38,400 crore) deal to acquire…

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Swiggy tightens focus on grocery delivery, as Zomato steps out

While Zomato has decided to step away from direct competition in the segment for now, Swiggy has…

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Urban Company is not the best place for gig workers anymore and Ola, Uber are the worst

It was only a year ago that home services startup Urban Company was rated as the best place for gig…

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Swiggy wants more on its plate, in talks to acquire Ubereats India

The report further mentions that the deal could be a share swap, where Swiggy in exchange for …

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Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO

Swiggy has raised $1.25 billion in a funding round led by SoftBank Vision Fund II and Prosus, a wee…

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Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over

Vivek Sunder, the chief operating officer (COO) of Swiggy, has reportedly put in his resignation an…

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Razorpay buys a Pune-based startup to strengthen its banking segment, its fifth acquisition so far

Fintech platform Razorpay on Wednesday announced to acquire IZealiant Technologies, a leading finte…

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Delhivery gets closer to drone delivery with the acquisition of an American company

Logistics company Delhivery has decided to enter the drone technology space directly with the acqui…

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Swiggy’s Instamart is a success but a grocery entry can become Zomato’s ‘poison pill’ says report

Zomato is again trying its hand at something that it has failed twice at – grocery delivery. This t…

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Zomato and Swiggy are best food delivery apps in the world, says Zomato’s CEO

Deepinder Goyal said that Zomato and Swiggy are two of the best food delivery apps in the world.