Swiggy lays off 1,100 employees as Covid-19 derails Cloud kitchens
Swiggy said if someone's notice period is three months and they've spent five years with the company, they will get eight months of salary.
Swiggy launches wellness programme ‘Built around you’
The programme caters beyond the traditional definition of employees and dependents - it...
PolicyBazaar arm cuts over 1,500 jobs
Owing to the coronavirus impact, other unicorns and large startups like Oyo, Curefit, Swiggy, Ola, and ...
Zomato, Swiggy orders drop 70% in 10 Days
Online food delivery orders for Zomato & Swiggy have dropped 70% in the last 10 days to under 1 million a day.
MTR partners with Swiggy to deliver its packaged food portfolio
With this partnership with Swiggy, MTR joins wholesaler Metro Cash & Carry India and FMCG companies such as Marico and Britannia that have tied up with delivery apps to fulfill last mile delivery of essentials, disrupted in the wake of Covid-19 lockdown.
Covid-19: Hygiene tops menu for Swiggy, Zomato
Customers have also expressed concern about the health of delivery partners given their exposure to multiple people. In fact, Red-Seer Consulting has forecast a 30% drop in food delivery volumes in India for early March.
FieldFresh Foods ties up with Zomato, Swiggy, Dunzo for home deliveries
Under the partnerships, Del Monte range of premium food products, including tomato ketchup, mayo, pasta, olive oil and fruit drinks will be delivered to consumers' homes amidst the continuing lockdown.
Swiggy to trim cloud kitchen team, up to 1,000 jobs at risk
The company plans to reduce its monthly cash burn to less than $5 million in the next few quarters from $40 million in May last year to conserve cash for the next 20-24 months, a person aware of the development said. Swiggy’s cash burn stands at about $20 million.
From Oyo to Zomato, Covid-hit companies renegotiate for breathing space on rentals
Companies are toying with the idea of giving up a floor, consolidating offices, and shutting down regional divisions, among other measures, to reduce long-term fixed asset costs.
Post Covid-19, consumer goods to shine with PE/VC investors
It is expected that once the market starts recovering it might unearth golden opportunities in the future for sectors such as consumer goods due to changing consumer preferences.
BigBasket, Grofers, other e-grocery firms see rise in non-metro users
Grofers said it was able to retain 62% of users who came on board in March after the nationwide lockdown, adding it expects to retain around 50% of new users in the long term.
PhonePe integrates Swiggy on its Switch platform
PhonePe Switch enables merchant partners to integrate their existing progressive web apps (PWAs) or mobile sites to the platform, and reach out to the PhonePe user base.
Drip funding: Swiggy, Zomato settle for smaller cheques of $5-10 million
Food delivery companies take offers of $5-10 million in tough conditions.
Swiggy raises additional $43 mn as part of ongoing funding round
Along with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets have participated in the latest fund raise, Swiggy said in a statement.
Avail Finance raises $11.5 million in Series B round led by Falcon Edge
Matrix Partners will hold 26.4% in Avail Finance, while Alphawave has picked up 11.5% in the company following the funding.