Swiggy

A Swiggy spokesperson on Monday told IANS, that "there has been no significant change on platform fee, which is applied by most service players and is a common practice across industries".

Swiggy saw 250 biryanis being ordered per minute since the match started.

According to the reports, Swiggy riders have been protesting due to recent changes to their rate cards and an increase in delivery radius.

This event will also see eligible employees from Dineout which Swiggy acquired last year participate. Swiggy, which announced turning EBITDA positive in its food delivery business as of March successfully integrated Dineout and strengthened its position in Q-commerce with Instamart.

Lynk will continue to operate as an independent business post the acquisition led by Co-founder and CEO, Shekhar Bhende, Swiggy said in a statement. The acquisition will help Swiggy’s entry into the huge retail market with a technology-led distribution platform.

"Our teams are more in sync than ever with restaurant partners to improve their experience with Swiggy and create mutual wins. As a result, our restaurant net promoter score (NPS) has improved by over 100 per cent in the past 8 quarters," Sriharsha Majety mentioned. Last year, Swiggy acquired Dineout for around $120 million in an all-stock deal.

According to regulatory filings with the US Security and Exchange Commission (SEC), Invesco valued Swiggy's shares at $3,305 (as of January 31, 2023) -- down from $4,759 in October 2022. In October last year, Invesco had already reduced the valuation of its holding in Swiggy to about $8 billion. Swiggy had reached a $10.7 billion valuation in a round led by Invesco in January last year.

They receive comprehensive insurance coverage, including accidental medical coverage, maternity leave, and income support during accident recovery. The company has been providing insurance to its delivery partners since 2015.