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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