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Swiggy delivers for Prosus with 23% IRR, venture portfolio a mixed bag
Dutch investment group Prosus’ internal rate of return for Indian portfolio companies Swiggy and PayU India stood at 23% and 13%, respectively, in 2024-25.
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Swiggy moves to new office in Gurgaon, maintains Bengaluru headquarters
Quick commerce company Swiggy has moved into a new office in Gurgaon. The announcement was made by Surendhar Kumar, the head of Administration and Procurement at Swiggy, via a LinkedIn post.
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FHRAI accuses Zomato, Swiggy of data misuse, seeks commerce ministry action
The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc.
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India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
An investigation by the CCI found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show.
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Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth
At the upper end, the valuation would represent only a modest premium to its $10.7 billion private market value from early 2022 falling short of recent valuations by mutual fund investors Invesco and Baron.
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Swiggy teams up with IRCTC to provide food delivery service on trains
As part of the MoU, Swiggy will deliver food to train passengers travelling via Bengaluru, Bhubaneswar, Visakhapatnam and Vijayawada
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Swiggy said to have initiated talks for IPO plans, eyes stock listing in 2024
Swiggy is using the last funding round valuation of $10.7 billion as a benchmark for IPO planning
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