Swiggy to raise Rs 5,000 Cr via fresh issue
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?? Swiggy Instamart may hike delivery fees! ?? A strategic move to balance costs as demand grows in the quick commerce sector. #QuickCommerce #SwiggyInstamart #EcommerceTrends #BusinessUpdates
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Zomato’s platform fee move feels like a scene right out of Batti Gul Meter Chalu movie.. ???? In Batti Gul Meter Chalu, Shahid Kapoor’s character takes on the power company, exposing how they make ?78 crore a year with a tiny light in the meter—claimed to be an “authenticity mark” but actually of no use to customers. Zomato just increased its platform fee from ?7 to ?10, right before the festive season. -> At first, it seems like a small change. -> But when you think about Zomato handling 12-14 lakh orders a day, that extra ?3 adds up fast. -> That’s ?42 lakh of additional revenue, every single day! -> If this continues for the next 3 months, it means an extra ?38 crore in revenue. And most of it likely goes straight to boosting profits. This isn’t just Zomato’s play. Many platforms: Swiggy, Zepto, Blinkit, Uber, Ola, are quietly introducing more fees. #BusinessStrategy #RevenueGrowth #FoodTech #PlatformEconomy #CustomerExperience
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"Get a slice of Swiggy's growth! ?? Minimum investment of ?14,820 for 1 lot (38 shares) at a price band of ?371-?390 per share. Face value ?1. Don't miss this chance to own a part of India’s favorite food delivery platform! #SwiggyIPO #InvestmentOpportunity"
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Swiggy, Zomato, Blinkit, and Zepto together generated a staggering ?35,000 crore in revenue last year. This is the industry we’ve built—fueled by our shift away from cooking at home and the urge to have everything delivered in 10 minutes. But at what cost? Here’s a powerful one-minute video that’s a must-watch for anyone looking to reflect and make better choices. Let’s help ourselves. Forwarded from another social media source, not verified. #FoodForThought #LifestyleChoices #MindfulLiving
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Swiggy IPO: Will it satisfy your hunger for profits?? A hot, fresh deal!! ?? Your favorite food delivery app is going public ?? Swiggy, a prominent player in India's tech landscape, has revolutionized the way consumers access food and other essential services. Founded in 2014, the company has grown exponentially, offering a diverse range of services through its user-friendly platform: ?? Food Delivery: Swiggy's core service, enables users to order food from a wide range of restaurants. ?? Instamart: A quick commerce platform that delivers groceries and other essentials to customers' doorsteps in record time. ?? Dineout: A platform for restaurant reservations and dining experiences. ?? SteppinOut: A service for booking events and experiences. ?? Genie: A platform for on-demand delivery and pick-up services. ?? The Swiggy IPO will open on November 6, 2024, and close on November 8. The allotment is on November 11, and the?listing is on November 13. The minimum lot size is 38 shares, priced between ?371 and ?390 per share. The total issue size is ?11,327.43 crore, including a fresh issue of ?4,499 crore and an offer for sale of ?6,828.43 crore. The application amount is ?14,820 for 38 shares. For more information read the below document ? Swiggy Dineout Swiggy SteppinOut Swiggard Creative #IPO #BSE #NSE #Mainboard #IPOnote #SwiggyIPO #IPOreport
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?Our Swiggy Story In 2014, we were still finding our feet at Shipyaari—back then known as "Avnbiz"—when something crazy happened. One regular morning, we opened our inbox to a flood of new leads. 10...20...50… over 100 inquiries, all pouring in at once! It felt like the universe was playing a prank. Had we suddenly become famous overnight? that's our (Vishal Totla & myself) initial thoughts.. Curiosity quickly turned into a detective mission as we tried to trace where this flood was coming from. After a lot of guesswork and a few excited calls, we finally cracked it: they were all being sent to us by a company called Bundl. It turns out Bundl was pivoting from logistics aggregation to a little experiment called ‘food delivery,’ and they had graciously directed all their clients to us. But here’s the twist—Bundl didn’t stay ‘Bundl’ for long. It evolved, hustled, and grew into a name we all know today as Swiggy, one of India’s biggest food delivery platforms. Who knew, right? We had this unexpected, early unsigned partnership with a company that would later go on to IPO glory! I’ve never shared this story before, but I think it’s a great reminder of how powerful word of mouth?can be. That wild day back in 2014? It wasn’t just a burst of leads; it was a chapter in Shipyaari’s journey, and a link to a company that has transformed the way we eat. Kudos to Sriharsha M. & Team at Swiggy on listing.. I am now shareholder as well.. :) #myswiggystory #wordofmouth
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Dear Zomato India & Swiggy, you're doing an impressive job with super-fast deliveries — getting food to customers in just 10 minutes is no small feat! But it’s a bit concerning that while you can achieve such speed, resolving issues faced by your delivery partners seems to take days. It’s great that you’re onboarding more people, but if they can’t earn beyond a fixed amount, is it really fair to them? I understand that fast delivery is your priority, but I can’t help but wonder — when discounts are offered, are you reducing your margins, or is it the sellers who bear the cost ? With every new order, your platform grows, yet your delivery partners’ earnings remain the same. Isn’t it time to focus on their growth too? After all, they’re the ones who help make these quick deliveries possible. #quickcommerce #zomato #swiggy
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Dear Swiggy Team, I wanted to share some feedback regarding the #tipping feature on your #swiggyinstamart platform. As a frequent user, I have often found myself wanting to tip delivery partners after the order has been delivered, but unfortunately, there is currently no option to do so. For instance, I would like to tip the delivery partner for my recent order #181380143308565, but I was unable to do so post-delivery. In contrast, Zomato India provides a feature that allows customers to tip at a later time, which is extremely convenient and ensures that delivery partners are rewarded for their excellent service, even if the customer couldn't tip immediately. Implementing a similar feature on Swiggy would not only enhance the customer experience but also provide additional support to your hardworking delivery partners. I believe this small change can make a big difference and would be greatly appreciated by both customers and delivery partners alike. And would really appreciate if you let me tip the delivery partner for order number #181380143308565. Swiggy Dineout Swiggy #CustomerFeedback #Swiggy #Tipping #CustomerExperience #SupportDeliveryPartners #Order181380143308565
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With #Diwali just round the corner….#Swiggy and #Zomato increased #platformfees to ?10 per order in select cities. ?? In 2023 , Zomato introduced a platform fee of ?2 per order. ?? In Jan 2024, increased to??4 per order and in Oct 2024 to ?10 per order. ?? The platform fee applies to all #customers, irrespective of whether one has a Gold membership or not. ?? Swiggy's platform fee was?increased to ?6 per order in June from ?5 & now increased to ?10 from 23rd Oct. ?? What are Platform fees ? Platform fees are additional charges applied to each food order, separate from #GST, #Restaurant charges, and delivery fees. These fees are crucial for the companies revenue and cost management. ?? Indeed Fee increase is expected to boost revenue significantly for both companies. Swiggy and Zomato deliver approximately 20-25 lakh orders daily, and the additional platform fees could generate ?1.25 to ?1.5 Cr per day ?? #retail #Channel #Flipkart #Blinkit #Metro #NCR #Teilen #Wissen ?? #Zepto, Introduced Platform fee earlier this year, generating an additional ? 11 lakh daily from ?5.5 lacs Orders. ?? Results ?? Swiggy reported a 45% increase in operating #revenue as of March 2023, despite a 15% rise in net loss. Zomato saw significant revenue #growth, with a 69% increase in FY23.
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Zomato and Swiggy Hike Platform Fees to Rs 6 in Key Markets Zomato and Swiggy have increased their platform fees to Rs 6 in key markets like Bengaluru and Delhi, up from Rs 5. This 20% hike aims to boost their revenues. Initially introducing a Rs 2 fee in 2023, both platforms have gradually increased it. Their quick commerce arms, Blinkit and Instamart, also charge handling fees. Surge charges may apply during peak times. #FoodDelivery #RevenueGrowth #BusinessUpdate #SimplyHaiku #30SecondNews #SimplyNews #AudioNews #ShortNews #StayInformed
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