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Food Tech

Swiggy introduces ‘Incognito Mode’ for discreet ordering

Foodtech giant Swiggy has introduced an ‘incognito mode’ feature, allowing users to place orders privately on its food delivery and quick commerce platforms. The new...

Former junior staff at Swiggy embezzled INR 33 Cr; investigation underway

IPO-bound foodtech giant Swiggy disclosed in its annual report for FY 2023-24 that a former junior employee embezzled INR 33 crore over an extended...

IPO-bound Swiggy merges InsanelyGood with Instamart

Swiggy, a prominent player in food and quick commerce, has merged its premium grocery vertical, InsanelyGood, with its quick commerce vertical, Instamart, as communicated...

Baron Capital elevates Swiggy’s valuation to $12.1 Billion, marking 13% increase from previous fundraise

A fund overseen by Baron Capital Group, an asset manager headquartered in the United States, has increased the fair value of the food-delivery platform...

Swiggy & IRCTC join forces to offer food delivery service on trains

Swiggy, the food delivery platform, has announced a partnership with the Indian Railway Catering and Tourism Corp (IRCTC) to deliver pre-ordered meals to travelers...

Zomato’s shares reach record high of INR 175.5 amidst bullish market sentiment

Zomato, a major player in the foodtech industry, saw its shares surge to a record peak of INR 175.5 during early trading on the...

Zomato’s bull run continues: Stock jumps 5%, setting new record peak

Foodtech major Zomato's stock soared by as much as 4.67 percent, reaching a fresh record peak of INR 173.45. This surge is attributed to...

Foodtech startup TWF Flours secures $1.4M funding from Zerodha’s Rainmatter

TWF Flours, a Noida-based foodtech startup, has secured its first institutional funding round with an investment of around INR 12 crore ($1.4 million) from...

Food delivery app surge leaves QSRs struggling with revenue and margins amidst fragmented sales: BNP Paribas Report

With the exponential surge of food delivery apps like Zomato and Swiggy, quick service restaurant operators are grappling with significant challenges, as outlined in...

Swiggy prepares for IPO with name change to Swiggy Private Limited

IPO-bound Swiggy is set to change its registered name from Bundl Technologies Private Limited to Swiggy Private Limited, following a resolution passed earlier this...

Zomato hits new 52-week high with over 4% surge in shares

Continuing its upward momentum following the strong Q3 FY24 earnings, shares of the foodtech giant Zomato surged by as much as 4.59% during Thursday's...

6 Must Try Plant Based Meat Brands In India

Plant based meat is taking over the food industry in full swing- from restaurants and fast food chains, to frozen meat alternatives, the market...

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