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.
The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc.
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.
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.
As part of the MoU, Swiggy will deliver food to train passengers travelling via Bengaluru, Bhubaneswar, Visakhapatnam and Vijayawada
Swiggy is using the last funding round valuation of $10.7 billion as a benchmark for IPO planning
Swiggy has acquired Dineout, a dining out and restaurant tech platform
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