Swiggy News - Latest Updates & Headlines
Swiggy gets 1st 'sell' rating since listing from Ambit Capital
New Delhi, April 23: Swiggy Limited has received its first 'sell' rating since it was listed in November 2024, with analysts raising concerns about its falling position in both food delivery and quick commerce services.
Swiggy partners with Labour Ministry to strengthen job linkages in gig, logistics sectors
New Delhi, April 16: Food delivery and quick commerce platform Swiggy has signed a Memorandum of Understanding (MoU) with Ministry of Labour & Employment for strengthening employment linkages in the gig and logistics sector through the National Career Service (NCS) portal.
Swiggy signs MoU with Labour Ministry, hopeful for generating lakhs of jobs in few years
New Delhi, April 15: The Ministry of Labour and Employment has signed a Memorandum of Understanding (MoU) with Swiggy, one of India’s largest food delivery platforms, as part of a broader initiative to strengthen employment opportunities through public-private partnerships.
Swiggy shares tank 38 pc this year amid mounting losses, slowing growth
Mumbai, April 15: Swiggy's share price has taken a sharp hit this year by plunging 38.32 per cent year-to-date (YTD) on the National Stock Exchange (NSE), as investor sentiment weakens over the company's rising losses and margin pressures.
Swiggy faces tax demands worth over Rs 165 crore, says no major financial impact
New Delhi, April 6: Online food and grocery delivery platform Swiggy is facing fresh tax troubles after receiving two assessment orders related to the financial year 2021-22.
Indian companies raise record funds through equity and debt in FY25: Report
Mumbai, March 27: Indian corporates raised record-high funds through equity and debt in the financial year 2024-25, despite market fluctuations, a new report said on Thursday.
BofA downgrades Zomato and Swiggy, cites slowing growth, high competition
Mumbai, March 26: Bank of America (BofA) has downgraded its ratings on Zomato and Swiggy, citing concerns over slowing growth in food delivery and rising competition in quick commerce.
Swiggy adds 32 new cities for 10 minutes delivery; reach now to 100 cities
Bengaluru, March 17: Swiggy Instamart, India's leading quick commerce platform, has expanded its lightning-fast 10-minute delivery service to 100 cities across the country.
Swiggy's profitability under pressure despite strong market position: Jefferies
Mumbai, March 12: Food delivery platform Swiggy continues to face profitability challenges despite its strong market presence, according to a Jefferies report on Wednesday.
FMCG distributors file complaint against quick commerce platforms over discounts
New Delhi, March 7: A body representing FMCG distributors on Friday filed a petition with the Competition Commission of India (CCI), accusing quick commerce platforms Blinkit, Swiggy, and Zepto of allegedly engaging in anti-competitive practices.
Swiggy's valuation takes a huge 50 pc dip from its peak as stock plunges
New Delhi, Feb 22: Swiggy, one of India's leading food-tech companies, is facing a sharp decline in its market valuation which has plunged nearly 50 per cent from its peak.
Swiggy's shares tank for 4th straight day, slip below IPO price
Mumbai, Feb 7: Following a decline for the fourth consecutive day, shares of online food aggregator Swiggy on Friday slipped below its initial public offering (IPO) issue price of Rs 390.
Swiggy's loss widens 39 pc to Rs 799 crore in Q3
New Delhi, Feb 5: Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
7 in 10 believe private labelling by Zomato, Swiggy affecting their businesses: NRAI poll
New Delhi, Jan 22: About 70 per cent of people, who are part of the Indian hotel industry, believe that private labelling by the quick commerce platforms run by Zomato and Swiggy etc are impacting their businesses, and 69 per cent of them believe that they have no negotiation powers with respect to commissions, a poll by the National Restaurant Association of India (NRAI) showed on Wednesday.
Top industry associations slam Zomato, Swiggy over private label food delivery
New Delhi, Jan 13: The Federation of Hotel and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI) have reiterated serious concerns over online food aggregators Zomato and Swiggy's recent move to enter the private label food delivery business.
NRAI slams Zomato and Swiggy over private label food delivery via Q-com apps
Mumbai, Jan 9: The National Restaurant Association of India (NRAI) on Thursday strongly opposed the recent foray of food delivery platforms Zomato and Swiggy into private-label food delivery via their quick commerce (Q-com) apps.