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Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app
Swiggy Networks will transfer its entire stake in Lynks Logistics to Trustroot Internet (TIPL) via a share swap involving 166,534 CCPS. This deal divests Swiggy’s B2B distribution business, streamlining operations and aligning the portfolio for future strategic growth.
Swiggy will sell its 35,958 Compulsorily Convertible Preference Shares in Rapido to Westbridge for INR 431.496 Cr. This strategic divestment helps Swiggy realize investments, benefiting shareholders.
Swiggy's board approved selling its entire stake in Rapido (10 equity shares + 1,63,990 CCPS) to MIH Investments One B.V. for ₹1,968 Cr. This strategic divestment aims to realize investments and benefit shareholders.
Swiggy has received a GST demand order from the Uttar Pradesh State Goods and Service Tax department totaling Rs 0.67 Cr. This includes GST, interest, and penalty, related to alleged incorrect input tax credit claims for April 2023 to March 2024. Swiggy believes it has strong arguments and plans to...
Swiggy reported Consolidated Adjusted Revenue of INR 5,308 Cr (+52.7% YoY) in Q1 FY26, with an Adjusted EBITDA loss of INR 813 Cr. Food delivery GOV grew 18.8% YoY to INR 8,086 Cr, achieving INR 192 Cr in Adjusted EBITDA despite seasonal cost increases. Quick-commerce GOV surged 107.6% YoY to...