Swiggy
Swiggy adopts permanent work-from-anywhere policy
The decision was arrived at based on team needs and feedback from several managers and employees who vouched for the flexibility and increased productivity working from home has given them in the last two years, the company said in a statement. Under the new policy, the corporate, central business functions and technology teams will continue to work remotely and converge once every quarter at their base location for a week to promote in-person bonding.
Swiggy initiates ESOP liquidity worth $23 mn, all employees now eligible
Swiggy announced the next round of ESOP liquidity to be held in July 2023. This enables employees holding ESOPs to create wealth alongside the growth and success of the brand, the company said in a statement. "We are happy seeing the wealth created for employees from the recent ESOP liquidity event," said Girish Menon, Head of HR at Swiggy.
Encouraged by discussion between key stakeholders in food ecosystem: Swiggy
"We welcome the initiative by the Department of Consumer Affairs to discuss the grievances by consumers with regard to online food ordering. We are encouraged by the discussion between the key stakeholders in the food ecosystem. As participants, we agreed that food manufacturers and restaurants will have to work together to holistically address different aspects of the grievances raised.
Over 3K complaints later, govt directs Swiggy, Zomato to furnish resolution framework
The direction to furnish the current framework as well as a proposal on improving the consumer grievance redressal mechanism within 15 days was given during a meeting chaired by Secretary, Consumer Affairs, Rohit Kumar Singh with the major e-commerce food business operators, to discuss pertinent issues which affect consumers in this sector.
Swiggy enters high-end dining market with $200 mn acquisition of Dineout
Reliable sources told IANS that the acquisition size could be around $200 million. Dineout, which serves millions across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the acquisition.
Garuda Aerospace to export 12K drones, L1 bidder in RITES
He also said the delivery of grocery packages in Bengaluru for food and grocery player Bundl Technologies Pvt Ltd known by its brand Swiggy is expected to happen soon. "We are entering the African market. We have signed an agreement with a distributor there to source about 4,000 drones. We have also received signed confirmation orders now of over 8,000 drones from countries like Malaysia, Panama and UAE," Agnishwar Jayaprakash, Founder & CEO
Swiggy to upskill delivery boys to become company employees
The programme, named "Step-Ahead" is aimed at giving an opportunity to those executives who want to move from their current flexible engagement with Swiggy to a dedicated, managerial role, the company said. "Swiggy has consistently maintained that our delivery executives are the backbone of our operations; and we are proud to enable an income opportunity for over 2.7 lakh women and men across the country," said Mihir Rajesh Shah, VP, Operations, Swiggy, in a statement.
Swiggy, Zomato invest in restaurant management platform UrbanPiper
The platform aims to use the funds to scale its product and engineering teams and looks to expand to more than 200,000 restaurant locations globally in the next two years. "With this investment, we will continue to widen UrbanPipera's offerings to meet many more digital opportunities in the restaurant ecosystem, along with bolstering our platform capabilities," said Saurabh Gupta, CEO, UrbanPiper.
Bike taxi platform Rapido raises $180 mn led by Swiggy, TVS Motor
The Series D round also saw investment from TVS Motor Company, along with existing investors Westbridge, Shell Ventures and Nexus Ventures. "We look forward to learning from Swiggy's experience to scale up throughout the country and enhance our captains/customers' experience, who are the backbone of our business. TVS Motor will help us in further expansion," said Aravind Sanka, Co-founder, Rapido.
Zomato, Swiggy suffer brief outage due to 'technical glitch'
According to website outage monitor platform DownDetector, the Amazon Web Services (AWS) servers went down at the same time on Wednesday afternoon, indicating that it may have caused the brief outage. However, it could not be confirmed. While 55 per cent users reported problems with server connection at AWS, 38 per cent had problems with AWS Console, according to DownDetector.
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