Tag: zomato
Blinkit signals costly battle ahead in Indian quick commerce market
Quick commerce leader Blinkit is accelerating its expansion and expects continued losses as competition intensifies in India’s instant delivery market.
The Zomato-owned company now...
Swiggy scales 10-minute food delivery to 400 cities in quick-commerce push
Swiggy, a leading food delivery and quick-commerce app in India, said on Monday that it has expanded its 10-minute food delivery service, Bolt,...
Zomato raises $1 billion in first major fundraise since 2021 listing
Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO.
The food delivery...
Swiggy’s public debut will test India’s appetite for $1B+ IPOs
Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian...
Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth
Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial...
India’s Zomato to raise $1B ahead of rival Swiggy IPO
Zomato said on Tuesday its board had approved the company’s proposal to raise $1 billion through a so-called qualified institutions placement, its first...