Swiggy Raises ₹5,085 Crore From Anchor Investors
The leading food and grocery delivery giant, Swiggy, raised ₹5085 crore from anchor investors. The anchor investors received shares at ₹390, the upper end of the price band of ₹371-390 per share set for the IPO (Initial Public Offering). According to sources, more than half of the anchor book has been allotted to domestic investors. …
Himanshu
Swiggy Fined For Inflating Delivery Distance
The food delivery giant Swiggy was recently fined ₹35,000 for overcharging customers by artificially inflating delivery distances. A Hyderabad man filed a complaint against Siggy a few days ago for unfair trade practices, after which the company was ordered to pay ₹35,000, the Times of India reported. The District Consumer Disputes Redressal Commission in Telangana’s…
Abdullah Ansari