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Source: Live Mint Swiggy Ltd’s food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million. This compares with the quarter-on-quarter (q-o-q) drop in Zomato Ltd’s user base to 20.5 million from 20.7 million. While it is hard to identify specific reasons for the divergent trends…
Source: Live Mint Sriharsha Majety, MD & Group CEO, Swiggy, said “We continued our focus on creating segmented offerings for the consumer during the festive quarter, which we believe will open up more consumption occasions. In recent months, we’ve introduced Bolt and Snacc (10-minute food delivery), expanded into new categories within Quick-Commerce, and plan to…
Source: Live Mint Swiggy share price declined over 4% on Wednesday ahead of the announcement of Q3 results today. Swiggy shares fell as much as 4.07% to a low of ₹416.00 apiece on the BSE. Swiggy shares were listed on Indian stock exchanges in November 2024 and this will be its first earnings release after…
Source: Live Mint Budget 2025: Shares of Zomato and Swiggy increased by 9-10% following Finance Minister Nirmala Sitharaman’s declaration of an income tax exemption for individuals with an annual income of up to ₹12 lakh in the Union Budget 2025. Experts think this initiative may stimulate spending in light of indications of waning urban demand….
Source: Live Mint India’s initial public offering (IPO) market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. Further, Company Profiles Analyst Murthy Grandhi, promises “even bigger fireworks” in 2025, according to an ANI report. “India’s IPO market hit a…
Source: Live Mint Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. The target price…
Source: Live Mint Online food delivery platform Zomato, in a regulatory filing on Thursday said that it has received a tax demand of ₹803.4 crore, including interest and penalty from the GST department in Thane. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon,…
Source: Live Mint The IPO consists of a fresh issue of shares worth ₹950 crore and an offer for sale (OFS) of 3.81 crore shares with a face value of Re 1 each, bringing the total issue size to ₹2,940-3,043 crore. The company plans to use 75% of the IPO proceeds to repay or prepay…
Source: Live Mint Swiggy share price jumped over 6% on Wednesday after the food and grocery delivery major reported its earnings for the second quarter of FY25. Swiggy shares spiked as much as 6.69% to ₹534.85 apiece on the BSE. The newly-listed Swiggy reported strong revenue growth along with narrowing of losses in the quarter…
Source: Live Mint The year 2024 has emerged as a stellar one for the Indian primary market, witnessing an unprecedented surge in activity. Companies from diverse sectors—including technology, consumer goods, green energy, and financial services—have successfully debuted on Indian stock exchanges, capitalising on favourable market conditions. Moreover, high-profile debuts from companies like Swiggy, Hyundai Motor…
