Swiggy

Swiggy begins charging Rs 2 'platform fee' per food order from users
IANS -
The company told IANS that the additional charges are being levied only on food orders on the main platform and does not apply on Instamart users. "The platform fee is a nominal flat fee charged on food orders. This fee helps us operate and improve our platform and enhance app features to deliver a seamless app experience," a Swiggy spokesperson said in a statement.
Swiggy CTO moves on to start his entrepreneurial venture
IANS -
In a statement to IANS, Swiggy said that Vaz will continue in his role till May and will be associated with the company for an extended period in an advisory role. "Madhusudan Rao will take over as CTO. Madhu has been with Swiggy for over four years and has decades of tech leadership experience with a proven track record of understanding what our customers need," the company said.
US-based investors significantly cut market valuation of BYJU's, Swiggy
IANS -
New York-based investment firm BlackRock in a private assessment has slashed the valuation of edtech major BYJU's to $11.15 billion from its $22 billion valuation that the company keeps referring to, according to a report in The Arc, citing the filings. "BYJU's is India's most valued startup. If other investors follow BlackRock, it may translate into the first major downgrade of an Indian decacorn after Flipkart in 2016," the report said.
Online boom, or bane? Customer gripes also pile up against delivery boys
IANS -
Prapthi posted a screenshot of the message on her Twitter handle while narrating her ordeal. "I'm sure that most women on here can relate to this. I got a grocery delivery from Swiggy Instamart on Tuesday night (June 14, 2022). The delivery guy sent me creepy messages on WhatsApp today (June 16, 2022). Not the first time, not the.
Food apps' defence: Physical, mental health of delivery partners our priority
IANS -
Swiggy told IANS that it is enabling a consistent earning and upskilling opportunity for over 3,00,000 delivery executives across the country, apart from a healthy and safe work environment. This includes but is not limited to accident death cover, medical insurance, bereavement leave, mental wellness, and on-call doctor support.
Delivery boys being harassed in Delhi, says Swiggy; Zomato raises concern too
IANS -
A Swiggy spokesperson told IANS that their delivery executives are being wrongly issued challans despite the notification being applicable only to bike taxi service providers. "Some challans that have been issued to our delivery executives are in excess of Rs 15,000," said the company spokesperson.
Swiggy announces Dineout offerings for all users
IANS -
This integration will enable millions of Swiggy users to choose from tens of thousands of dining-out options and avail discounts at over 18,000 plus restaurants across 24 cities. The service available across 24 cities include Delhi NCR, Mumbai, Bengaluru, Pune, Chennai, Hyderabad, Ahmedabad, Kolkata, Chandigarh, Jaipur, Indore, Lucknow, Ludhiana, Nagpur, Goa (North & South), Kochi, Surat, Agra, Udaipur, and Vadodara.
Swiggy lays off 380 employees as food delivery growth slows
IANS -
"While we'd already initiated actions on other indirect costs like infrastructure, office/facilities, etc, we needed to right-size our overall personnel costs also in line with the projections for the future. Our overhiring is a case of poor judgement, and I should've done better here," he added.
Swiggy's losses jump 2X to Rs 3,629 cr in FY22, layoffs coming
IANS -
Total expenses went up 131 per cent to Rs 9,574.5 crore in FY22. According to its annual financial statement with the Registrar of Companies (RoC), during the last quarter of FY22, Swiggy turned "decacorn" (with a valuation of $10 billion and above) after raising a $700 million round led by Invesco.
Swiggy denies exodus of high-end cafes, restaurants on Dineout
IANS -
According to them, restaurants like Smoke House Deli, Social, The Beer Cafe and Mamagoto have deregistered themselves from most of the online food aggregator platforms, not just Swiggy. Your Story publication earlier reported, quoting from the National Restaurants Association of India (NRAI) sources, that at least 400 brands and more than 900 dining outlets across 13 cities in the country.
Advertisement