Online Food Delivery

UberEats may pick up a 10% stake in Swiggy

Ola recently changed its focus to Foodpanda’s cloud kitchens

The deal may close by next month

The latest round of funding, which is expected to go up to $900 Mn go, may push Swiggy’s valuation to between $2.5Bn - $3 Bn

Swiggy’s upcoming funding round may include about $300 Mn worth of secondary share sales by some of its early investors

Swiggy’s earliest investors, RB Investments and Harmony Partners, will exit completely, entirely selling their cumulative 3% stake

The investment talks are in the early stage

It looks to further expand its presence in local markets

Faasos last raised $15 Mn in an extended Series C round

Zomato and Swiggy delists a number of restaurants amid FSSAI audit

Flipkart entered into mobile insurance domain

RBI denies extend the deadline for data localisation

SoftBank Vision Fund is examining its investment in either of the two— Swiggy and Zomato

Both companies may raise $500 Mn in next round of funding

If SoftBank invests, Swiggy may be valued at more than $2 Bn

The FSSAI asks 10 food delivery platforms to debar food business operators that don't have licences

The order is aimed at ensuring FBO comply with food safety rules and regulations

The FSSAI has asked food delivery platforms to submit an action report by July 31

Swiggy's Funding Round Will Also See Participation From Existing Shareholder Meituan-Dianping And New Investor Coatue Management

Swiggy, Zomato, And Others Are In Talks With The Govt For Reduced GST Slabs And Other Options

If The Talks Materialise, The Food Delivery Startup’s Valuation Is Expected To Cross $1 Bn

The Online Food Delivery Startup Has Raised Over $255 Mn In Funding So Far

Earlier Swiggy Also Launched ‘Access’ Kitchen For Its Restaurant Partners To Fix The Supply Gaps

Grab Has Raised Funding From SIDBI Venture Capital Limited (SVCL)