SBI Mutual Fund Increases Swiggy Stake Over 5% Following ₹300 Crore Investment
SBI Mutual Fund increased its stake in Swiggy to over 5%, acquiring 1.18 crore shares valued at ₹300 crore.
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Tag: Swiggy
“Zomato and Swiggy Achieve Remarkable Unit Economics Comparable to Meituan in a Fraction of the Market Size”
Zomato and Swiggy are closing the gap on profitability and order value compared to China’s Meituan.
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Udaan Set to Purchase Lynk Logistics from Swiggy for ₹500 Crore
Swiggy sells Lynk Logistics to Udaan for Rs 500 crore, receiving equity and expanding Udaan’s market reach.
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“Flipkart Minutes Surpasses Swiggy Instamart in Urban Dark Stores: CLSA Report”
Flipkart Minutes has 627 dark stores, surpassing Swiggy Instamart's 615 in India's top 10 cities.
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Swiggy Shareholders Greenlight 49.5% Limit on Foreign Ownership
Swiggy shareholders have approved a 49.5% cap on foreign ownership, essential for its IOCC transition.
Read moreDetailsSwiggy Reports 37% Revenue Surge in Q1 FY27, Loss Shrinks by 34%
Swiggy's operating revenue rose 37% to Rs 6,812 crore in Q1 FY27, with losses narrowing by 34%.
Read moreDetails“Swiggy’s IOCC Shift: A Prolonged Journey Ahead, JM Financial Maintains ‘Reduce’ Stance”
Brokerage firm JM Financial has retained its 'Reduce' rating on Swiggy with a target price of Rs 250.
Read moreDetailsSwiggy Secures 50.24% Domestic Ownership on Path to IOCC Status
Swiggy has achieved 50.24% domestic ownership, surpassing the threshold for Indian Owned and Controlled status.
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Kotak Maintains ‘Buy’ Rating on Eternal and Swiggy, Highlights Blinkit’s Leading Position in Quick Commerce
Kotak expects Eternal's food delivery to grow 18% to Rs 10,581 crore, outpacing Swiggy this quarter.
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“Powerhouse Platforms Unite: The Launch of the Digital Commerce Coalition”
Leading ecommerce firms like Amazon and Meesho have launched the Digital Commerce Coalition to focus on India's sector.
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