Is Swiggy taken over by Zomato?

Is Swiggy taken over by Zomato?

Zomato in talks with Swiggy for a merger: Report. Gurugram-based food discovery and ordering startup Zomato is in talks for a merger with its Bengaluru-based rival Swiggy, according to reports. While Zomato has reportedly proposed a stock-based merger, Swiggy is looking to acquire the online food delivery arm of Zomato …

Is Swiggy going in loss?

Swiggy’s consolidated losses shrunk to Rs 1,616 crore, a reduction of nearly 59 percent for the financial year ending March 2021, according to regulatory filings, reported ET.

Why is Swiggy unavailable?

We hope to resume Swiggy Genie in the impacted cities soon,” a Swiggy spokesperson told Inc42. The service has been unavailable for the past few days, primarily due to the fact that the company is facing difficulties in hiring delivery workforce and keeping up with the demand, ET reported.

Is Swiggy Super Cancelled?

Online food delivery platform Swiggy has indefinitely suspended its subscription service Super that was aimed at retaining customers and rewarding loyalty, sources said, as the coronavirus and lockdown continues to take a toll on business.

Is Swiggy a Chinese company?

Swiggy is an Indian online food ordering and delivery platform. Founded in July 2014, Swiggy is based in Bangalore, and operates in 500 Indian cities, as of September 2021.

Who is Swiggy owner?

Swiggy’s founder and CEO Sriharsha Majety.

Is Swiggy profitable in 2021?

Online food and grocery delivery startup Swiggy saw its growth drop in FY21 even as its grocery business expanded. The Bengaluru-based recently-turned decacorn had its overall income decline by more than 25% during the fiscal ended 2021.

Which is bigger Swiggy or Zomato?

Zomato versus Swiggy: Swiggy valuation stands at $10.7 billion; why is Zomato in focus? – Check this report here. The day when Zomato shares hit a lower circuit of 20 per cent for the first time, the rival Swiggy did fundraising of $700 million and the valuation now stands at $10.7 billion.

Does Swiggy earn profit?

Food delivery giant Swiggy (Bundl Technologies Private Limited) has reported its revenues for financial year 2019-20 at Rs 2,776 crore, a 115 per cent jump since the last financial year. The company further reported a net loss of Rs 3,768 crore during the same fiscal.

What happened Swiggy app?

Exclusive: Swiggy shuts down homestyle food ordering app Swiggy Daily. Swiggy’s experiment with subscription-based daily home-cooked food via a separate app has come to an end. The company had pulled the plug on Swiggy Daily that it had launched in May last year, said two sources aware of the development.

Is Swiggy working today in Mumbai?

A recent order passed by the Municipal Corporation of Greater Mumbai clears that all home delivery orders placed through delivery platforms like Swiggy and Zomato are allowed “24 hours on all days of the week.” The order was signed by the region’s municipal commissioner I.S.

Why Zomato closed for online ordering?

Pankaj Chaddah,cofounder of Zomato, who is leading the online ordering business for Zomato said, “We are shutting down the ordering business in Lucknow, Kochi, Indore, and Coimbatore. The size of the market is in these cities is small right now and is growing with time. We will re-launch when the time is right.

What is buy 1 get 1 Swiggy?

The BINGE plan provides ‘unlimited’ free deliveries and unlimited Buy One Get On (BOGO) offers on dishes from partner restaurants at a price of INR 329/month. This plan is suitable for regular Swiggy users who order from a wider variety of restaurants spread across the city.

Can you buy Swiggy one month?

The company is offering Swiggy One at a special price of Rs 899 for 12 months and Rs 299 for 3 months. Swiggy is offering a 15-30 day trial membership plan at Rs 49. The company claims that users can recover the subscription cost by placing an average of just three orders a month across food or grocery.

Can I order from 2 restaurants in Swiggy?

You can order multiple items from the same merchant, but you cannot order from multiple merchants in the same order. However, if you do want items from multiple merchants, once you place your order, you can then order items from a different merchant while your current order is being prepared and delivered.

Is Zomato Indian?

Zomato (/zoʊmɑːtoʊ/) is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.

Who is Zomato owner?

deepinder goyal: Zomato CEO Deepinder Goyal says company won’t make any new minority investments – The Economic Times.

Is Zomato available in USA?

From swanky upscale restaurants to the cosiest hidden gems serving the most incredible food, Zomato covers it all. Explore menus, and millions of restaurant photos and reviews from users just like you, to find your next great meal.