Swiggy

Restaurants Raised Discounts To Fend Off Swiggy & Zomato

Restaurants Raised Discounts To Fend Off Swiggy & Zomato

Large restaurants have increased discounts and promotional offers by 15-20% on their own apps to compete with aggregators like Swiggy and Zomato. This step is taken to reduce the steep commission and search optimisation fees being charged by the aggregators and lower the dependence on them, the industry executives said. India’s largest quick-service chain, Domino’s…

Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco

Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco

Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources.   Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…