In a rollercoaster financial reveal, Bengaluru-based food delivery giant Swiggy, one of Zomato’s fiercest rivals, stunned investors and analysts alike by reporting a staggering Rs 1,092 crore loss in Q2 FY26. The numbers, released on Monday, show that while Swiggy’s top line is soaring, the bottom line is bleeding, highlighting the high-stakes battle in India’s hyper-competitive foodtech and…
Nat Habit’s Game-Changing Leap Into Omnichannel Retail and Q-Commerce
Nat Habit, the rising D2C star, just shook up the retail scene with a powerful dual strategy—launching into over 1,000 offline stores and ramping up on quick commerce platforms like Blinkit and Instamart across India’s biggest cities. And this is just the beginning.
From Online Darling to Omnichannel Giant: How Nat Habit…
Bengaluru-based quick-commerce platform Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its proposed $1.25 billion Initial Public Offering (IPO). According to reports from the Economic Times, Swiggy filed draft papers for the IPO using the confidential route back in April.
Following this approval, Swiggy must submit an updated draft red herring prospectus…
Swiggy, the food delivery giant gearing up for its public markets debut, is reportedly in advanced talks to bring Amitesh Jha, the former Senior Vice President at Flipkart, on board as the new Chief Executive Officer of its rapidly expanding quick commerce segment, Instamart. This move indicates a significant reshuffle within the company’s leadership, with current Instamart head Phani Kishan…
Amazon is gearing up to introduce its quick commerce service in India, with a planned launch expected in the first quarter of the upcoming year, according to sources familiar with the development. This move marks a significant expansion in Amazon’s services in the Indian market, where competition in the quick commerce sector is intensifying.
Amazon’s Quick Commerce Ambitions
Amazon’s foray…
Swiggy, the Indian food delivery giant, has seen its valuation decrease to $14.7 billion ahead of its highly anticipated initial public offering (IPO). This valuation adjustment, reported by US-based asset management firm Baron Capital in regulatory filings with the US Securities and Exchange Commission (SEC), marks a 2.6% drop from the previous valuation of $15.1 billion recorded in March 2024.
At this very moment grocery conveyance business has turned hyper-cutthroat in 2021 and Swiggy’s Instamart is also set to guarantee grocery conveyance within 15 minutes.
The Bengaluru-based company has announced that it will start the 15 minutes administration from January 2022. To develop Instamart, Swiggy will also invest $700 million, said the company in a press statement. The express grocery…
