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Zomato leads in food delivery market with 58% share, Swiggy trails behind
Zomato continues to dominate the food delivery segment with a 58% market share in the June quarter of FY2024-25, according to a report by...
Motilal Oswal initiates coverage on Swiggy with ‘Neutral’ rating, sees 15% upside potential
Brokerage company Motilal Oswal has initiated coverage on Swiggy with a 'neutral' rating, predicting a 15% upside potential from its current stock price. This...
Swiggy makes strong market debut, surges 16.91% above IPO price
Foodtech major Swiggy's shares closed at INR 455.95 on the BSE, a 16.91% increase from its IPO price of INR 390. The stock listed...
‘We are expecting solid growth for 3-5 years’ – Swiggy CEO after successful listing
Swiggy announced on Wednesday, November 13 that it expects strong growth in the next 3-5 years. The company plans to expand its geographical reach...
JM Financial initiates coverage on Swiggy with ‘Buy’ recommendation
Brokerage firm JM Financial has initiated coverage on foodtech major Swiggy, giving it a 'buy' recommendation and setting a price target of INR 470,...
Zomato welcomes Swiggy for stock market debut: “You and I… In this beautiful world”
Food tech major Zomato warmly welcomed Swiggy's debut on the stock market with a heartfelt social media post on Tuesday, November 13.Swiggy and zomato...
Swiggy to create 500 Crorepati employees via ESOP before IPO
Swiggy's upcoming public market listing is expected to make about 500 employees crorepatis due to stock options given through the company's ESOP (employee stock...
Swiggy shuffles leadership in delivery and Instamart to boost operations before IPO
Food tech giant Swiggy has added two senior executives to its leadership team. This move aims to boost its food delivery and quick commerce...
Zomato and Swiggy deny alleged competition law violations by CCI
Food tech majors Zomato and Swiggy have denied recent claims that they violated competition laws, following an investigation by the Competition Commission of India...
Bengaluru court halts Swiggy from claiming former executive’s ESOPs
A Bengaluru civil court has temporarily stopped Swiggy from selling or placing any claims on over 200 stock options held by a former executive...
Day 3: Swiggy’s IPO oversubscribed by 3.59 times, led by QIBs
Swiggy, the food delivery giant, had its initial public offering (IPO) oversubscribed by 3.59 times, despite a slow start in the first two days. Swiggy...
CCI finds Swiggy, Zomato guilty of breaching competition laws
The Competition Commission of India (CCI) has reportedly found food delivery majors Swiggy and Zomato guilty of violating competition laws through their partnerships with...