These appointments highlight Swiggy’s ongoing investment in leadership to support its expansive food delivery and quick commerce operations
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With Sebi approval, Swiggy targets Nov 6-8 IPO launch, one of India’s biggest listings
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Swiggy's IPO is expected to be the second-largest stock offering in India this year, following Hyundai India's debut earlier this week
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The bulk of these stock options, nearly USD 200 million, was awarded to founder and group CEO Sriharsha Majety, positioning him to increase his stake in the company ahead of its upcoming initial public offering (IPO)
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Swiggy, backed by the Japanese conglomerate SoftBank, intends to raise a whopping Rs 3,750 crore ($448.56 million) by issuing fresh shares. Additionally, existing shareholders such as Prosus, Accel India, and Tencent Europe are also expected to sell portions of their existing stakes.
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Amazon's interest in acquiring Instamart, aligns with its goal to establish a quick commerce service in India
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This fee applies to all food orders, irrespective of customer enrollment in loyalty programmes like ‘Swiggy One’ or ‘Zomato Gold’ offered by both platforms
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The recent study ‘How India Eats’, released by Bain & Company and Swiggy, provides detailed insights into the Indian food services market
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The evolution of quick commerce, initially met with scepticism regarding the necessity of 10-minute deliveries, has now entrenched itself as an indispensable service within just over three years
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