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…
Techjockey, a software aggregator founded in 2017, has recently secured funding at a post-money valuation of INR 370 crore, with backing from notable figures including former Zomato executive Akash Nangia. The company connects software vendors with small businesses across India, aiming to streamline software procurement for entrepreneurs.
Funding and Future Plans
The capital raised will be…
Swiggy, the leading food-tech giant preparing for its IPO, has announced an extension of its service fee policy to include the gross order value for restaurants in non-metro areas. This policy adjustment, reported by The Economic Times, will increase the commission charges for its restaurant partners in smaller towns and cities.
Historically, service fees for restaurants outside major urban…
On August 1, Zomato announced the launch of a new app named ‘District,’ designed to expand beyond its traditional food delivery services into a broader spectrum of lifestyle and entertainment offerings. This ambitious move aims to consolidate various “going-out” activities, including dining, movie and sports ticketing, live performances, shopping, and staycations, into a single…
Shares of Zomato Ltd., the prominent food delivery aggregator, surged by 19% to ₹278.7 after analysts revised their price targets following the company’s strong June quarter results.
Brokerage firm CLSA led the charge, maintaining a “buy” recommendation and raising its price target from ₹248 to ₹350, the highest on the street. CLSA also increased its earnings forecasts by 6% to 36% for…
Marketing management is pivotal in navigating the complexities of today’s competitive business landscape. In India, several brands have showcased exceptional marketing strategies that have not only helped them overcome significant challenges but also set new benchmarks in their respective industries. This article delves into 10 outstanding marketing management case studies from India, revealing…
Deepinder Goyal, co-founder and CEO of Zomato, has ascended to the billionaire club amid a monumental rally in Zomato’s shares, driven by the rapid growth of Blinkit and recent adjustments in platform fees. Zomato’s market capitalization has skyrocketed to ₹1.8 lakh crore, marking a significant milestone in Goyal’s entrepreneurial journey.
Background of Deepinder Goyal and Zomato’s…
In the competitive landscape of food delivery services, Swiggy and Zomato stand out as key players, each offering unique features and catering to diverse customer needs. This article provides an in-depth comparison between these two giants based on several critical aspects.
Total Revenue for Financial Year 2023
Swiggy: Swiggy reported a total revenue of ₹8,265 crore for the financial year 2023…
Zomato’s founder and CEO, Deepinder Goyal, has joined the billionaire ranks as a result of the company’s remarkable stock performance. Since hitting a low point in July 2023, Zomato’s shares have soared by more than 300%, reaching an all-time high of Rs 232 on the Bombay Stock Exchange.
Goyal’s net worth has surged to over Rs 8,000 crore, propelled by Zomato’s market capitalization…
Shiprocket has brought $185 million up in a Series E round co-drove by Zomato, Teamasek and Lightrock India. Existing financial backers InfoEdge Ventures and March Capital alongside Moore Strategic Ventures and 9unicorns additionally took part in the round.
This is the third subsidizing round of the year for the coordinations tech firm, taking the complete gathered pledges to $280 million.
Last…
