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Zomato testing a new faster food delivery service but at an extra cost: Report

Zomato is experimenting with a new priority delivery service, enabling customers to receive their orders faster at an additional cost. The service is presently being tested in Bengaluru and Mumbai, with customers offered the option to pay an extra fee for quicker delivery times.

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Swiggy gets shareholders approval for $1.25 billion IPO

The shareholders' approval came through a special resolution passed at an extraordinary general meeting (EGM) on April 23.

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Swiggy IPO: The foodtech turns into a public limited company before filing DRHP

Swiggy's decision to go public aligns with a broader trend of other homegrown new age internet companies eyeing Dalal Street debut.

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Swiggy shifts to public limited company ahead of IPO debut

Swiggy is planning to raise $1 billion through its initial public offering (IPO).

Mallika-srinivasan , Suparna-mitra , Registrar-of-companies , Swiggy-private-limited-to , Swiggy-private-limited , Ola-electric , Bundl-technologies-pvt-ltd , Swiggy-pvt-ltd , Swiggy , Wiggy-ipo , Wiggy-is-now-public-company

Swiggy Loss: Swiggy records USD 200 mn loss, document shows, as it plans IPO, ET Auto

Swiggy Loss: For the full fiscal year 2022-23 Swiggy made a loss of 41.8 billion rupee (USD 500 million), according to the document. But the company's lower wage payouts and cuts in marketing spending will help it trim losses for the full year 2023-24, a source with direct knowledge of the matter said, without wishing to be identified.

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Swiggy records $200 million loss, document shows, as it plans IPO

For the full fiscal year 2022-23 Swiggy made a loss of $500 million, according to the document.

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Swiggy changes company's registered name to reflect 'core brand' ahead of planned IPO, ET Retail

Swiggy Pvt Ltd (formerly Bundl Technologies Pvt Ltd) changed its name for brand proximity. It operates under brands like Instamart, Dine Out, and Genie. Swiggy is preparing for a $1 billion IPO and aims to achieve profitability by reducing costs. Zomato is its main rival.

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Mallika Srinivasan steps down as Swiggy's independent director, ET Retail

Swiggy said Srinivasan was stepping down due to “increasing business commitments”, without explaining further. The firm did not name a replacement for the position.

India , Larry-illg , Anand-kripalu , Sriharsha-majety , Ashutosh-sharma , Nandan-reddy , Mallika-srinivasan , Anand-daniel , Sahil-barua , Shailesh-haribhakti , Prosu-edtech , Tractor-and-farm-equipment-ltd

Swiggy Fy23 Revenue: Swiggy's FY23 revenue grows 45% to Rs 8,265 crore; net loss expands 15%, ET Retail

Swiggy Fy23 Revenue: Food and grocery-delivery firm Swiggy spent heavily during the year on scaling up its quick-commerce vertical Instamart taking its total expenses to Rs 12,884 crore, up 34% on year. Swiggy is aiming for an IPO soon.

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Swiggy Fy23 Revenue: Swiggy's FY23 revenue grows 45% to INR 8,265 crore; net loss expands 15%, ET Auto

Swiggy Fy23 Revenue: Food and grocery-delivery firm Swiggy spent heavily during the year on scaling up its quick-commerce vertical Instamart taking its total expenses to INR 12,884 crore, up 34% on year. Swiggy is aiming for an IPO soon.

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