Swiggy Said to Have Initiated Talks for IPO Plans, Eyes Stock Listing in 2024

Swiggy Said to Have Initiated Talks for IPO Plans, Eyes Stock Listing in 2024

Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also…

Swiggy to Begin Drone Delivery Trial in Delhi-NCR, Bengaluru, Says Garuda Aerospace

Swiggy to Begin Drone Delivery Trial in Delhi-NCR, Bengaluru, Says Garuda Aerospace

Swiggy has entered into a partnership with Garuda Aerospace to begin trial runs using drones to deliver groceries in Delhi-NCR (National Capital Region) and Bengaluru, Karnataka.The pilot project will assess the viability of using drones in Swiggy’s grocery delivery service Instamart. The drones will be used to replenish inventory between…