COMPANIES
How Zomato plans to win events biz: Invest in stadium infra, hope Swiggy doesn't buy BookMyShow
Zomato was earlier the number three player in the events and ticketing business. But has now become number two, only behind BookMyShow, Goyal said
BUSINESS
MC Interview: Food delivery will have to change, 10-minute deliveries can be a gamechanger, says Zomato’s Deepinder Goyal
“We just stuck to our jobs and continued moving forward day by day. I can't see anything special we have done, to be very honest," Goyal tells Moneycontrol in an hour-long conversation in Bengaluru
BUSINESS
Swiggy IPO: Good for the sector to have multiple players, says Zomato’s Deepinder Goyal
Goyal, in an interview to Moneycontrol, said that navigating public markets is easier as companies get to think more long term and are not bound by weekly reviews by VCs
BUSINESS
Zepto zeroes in on shopping mall for head office on Bengaluru's Sarjapur road; to move all employees by February
While the larger move will take time, Zepto has started moving some roles into an adhoc office in Bengaluru where operations will begin from around November 11, one of the persons cited told Moneycontrol.
BUSINESS
Swiggy to sponsor Shark Tank Season 4, excludes Zomato founder Deepinder Goyal as part of deal
Swiggy’s bid to block Deepinder Goyal from Shark Tank underscores the intensifying rivalry between the two companies, which compete in food and grocery delivery.
BUSINESS
Swiggy gets shareholders' nod to increase IPO size to Rs 5,000 crore
Only the size of primary issue has been increased from Rs 3,750 crore to Rs 5,000 crore. The offer for sale (OFS) component remains unchanged at Rs 6,664 crore.
BUSINESS
Karnataka CID takes over probe into Swiggy’s Rs 33-crore graft complaint against ex-employee
Srikhara KM, the main accused, was finance manager at the company's B2B arm, says the FIR. He colluded with 12 other people and firms to defraud Swiggy over a period of time
BUSINESS
Is Zepto’s meat brand Relish on track to become a Rs 500 crore business? What the numbers say
Relish’s monthly sales were in the Rs 12-15 crore range from April to September which translates to an annualised revenue run rate (ARR) of Rs 144-180 crore, in contrast to Zepto’s recent comments on the vertical being a Rs 500 crore business, per internal documents accessed by Moneycontrol.
BUSINESS
Peak XV cuts fund size by $465 million, reduces partner payout amid market frenzy
Peak XV will now have a 2/20 compensation structure, with a provision to catch-up on carry to 30 percent, in a move that will bring the investor on par with its industry peers.
BUSINESS
Swiggy IPO: 7 key takeaways from updated DRHP
Swiggy's IPO is among the biggest public offers in India this year and is one of the largest offers by a new-age company
BUSINESS
IPO-bound Swiggy sees losses widen to Rs 611 cr, despite 36% surge in Q1 revenue
Swiggy Instamart, the company's quick commerce arm, had a revenue of Rs 374 crore (up 108 percent) in Q1FY25 while its rival Zomato-owned Blinkit clocked a revenue of Rs 942 crore (up 23 percent) during the same period.
BUSINESS
D2C ayurvedic products startup Kapiva nears deal to raise Rs 330 crore in internal round
Existing backer OrbiMed is likely to lead the round and others like Fireside Ventures, Vertex Ventures, 3one4 Capital and more may also participate, sources told Moneycontrol.
BUSINESS
Madhuri Dixit goes dhak dhak for Swiggy, snaps up shares ahead of IPO
Dixit paid Rs 345 for each share of Swiggy, a second person aware of the developments told Moneycontrol.
BUSINESS
Furniture retailer Pepperfry appoints investment banker to explore sale as growth flatlines
The company, last valued at around $330 million, sought a valuation of around $200-220 million when it engaged with potential buyers in the last few months
BUSINESS
IPO-bound Infra.Market in talks to raise $150 million from existing backers like Tiger Global, new investors
This will be the company's last private market fundraise ahead of its IPO. Infra.Market is likely to file its draft red herring prospectus in December, Moneycontrol has learnt
BUSINESS
Swiggy increases IPO size: Company to now raise Rs 5,000 crore in fresh issue up from Rs 3,750 crore
An increase of Rs 1,250 crore or $150 million, as Swiggy readies a cash chest in a highly competitive market where rivals are in a land-grab mode.
BUSINESS
Byju's auditor BDO resigns after seeking forensic audit, founder Raveendran alleges blackmail tactics
In a letter to Byju's board, which only includes the founder's family currently, BDO has however said the company lacked transparency, a sentiment even previous auditors have highlighted.
BUSINESS
Zepto picks Goldman Sachs, Morgan Stanley and Axis Capital for its IPO
While three investment banks have been finalised, Zepto is likely to add more names as part of the final IPO syndicate. The company is aiming to raise about $450-500 million through a fresh issue of shares, sources told Moneycontrol.
BUSINESS
Former Swiggy employee 'embezzled' Rs 33 crore from IPO-bound company
The company got an external team to investigate the matter and filed a 'legal complaint' against the former junior employee who embezzled money over the 'past periods' but the matter was identified in FY24.
BUSINESS
Swiggy lagged Zomato in food delivery and quick commerce but narrowed gap in FY24
Like food delivery, Swiggy Instamart was a laggard when it came to quick commerce, too.
BUSINESS
Tata’s BigBasket set to merge subscription app BBdaily into main app
The revamp will reduce friction among buyers and paint an accurate picture of BigBasket’s scale and market share, company CEO Hari Menon told Moneycontrol in an interview.
BUSINESS
Swiggy narrows gap with Zomato on revenue, food delivery business grew 36% to Rs 11,247 crore in FY24
While Swiggy’s core business grew 36 percent, it still lagged Zomato during the financial year. Gurugram-based Zomato, in comparison, had a revenue of Rs 12,114 crore and clocked a profit of Rs 351 crore in FY24.
BUSINESS
Ontario Teachers, Bain Capital, Advent, others line up to back Mintifi in $100-million round
The deal hinges on the valuation the supply-chain financing platform is offered. The talks come at a time when large-ticket deals, $100 million and above, are making a comeback in the Indian startup scene
BUSINESS
Ola Consumer nears 1 lakh daily orders on ONDC; Bengaluru food delivery at 20% of Swiggy-Zomato's scale: Bhavish Aggarwal
Ola currently has three propositions on ONDC: food delivery, quick commerce and hyperlocal logistics. Ola is currently the biggest buyer app on the platform and accounts for 25% of ONDC’s overall business, Aggarwal told Moneycontrol in an interview.
