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CCI Finds Swiggy, Zomato in Violation of Antitrust Laws Over Exclusive Deals with Restaurants

Unique Times November 8, 2024 0

In confidential findings, the Competition Commission of India (CCI) has reported that food delivery giants Swiggy and Zomato are in breach of Indian antitrust laws, as per documents cited by Reuters. The CCI’s probe revealed that both companies engaged in exclusivity agreements that Continue Reading

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Swiggy Fined ₹35,000 for Inflating Delivery Distance, Ordered to Refund Customer

Unique Times November 4, 2024 0

Swiggy, a prominent food delivery app, has been fined ₹35,000 by the District Consumer Disputes Redressal Commission in Ranga Reddy, Telangana, after a Hyderabad resident accused the company of artificially increasing delivery distance to overcharge on fees. The court’s decision followed a complaint by Emmadi Suresh Babu, who alleged that Swiggy altered the distance Continue Reading

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Swiggy Launches ‘Swiggy Seal’ Initiative to Enhance Food Quality and Hygiene Standards

Unique Times October 24, 2024 0

Online food aggregator and delivery platform Swiggy has unveiled a new initiative called ‘Swiggy Seal’ to elevate food quality standards and hygiene practices among its restaurant partners. Launched initially in Pune, the program is set to expand to 650 cities across India by November. According to a recent PTI report, restaurant partners have expressed significant […]Continue Reading

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Swiggy Targets $15 Billion Valuation for Upcoming IPO

Unique Times August 23, 2024 0

Indian food delivery giant Swiggy, backed by SoftBank, is preparing for an initial public offering (IPO) aimed at raising $1-1.2 billion, with a targeted valuation of around $15 billion, according to sources familiar with the matter. The IPO, expected to be one of India’s largest this year, follows shareholder approval in April to raise up […]Continue Reading

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Swiggy’s Food Delivery Business Turns Profitable: CEO Sriharsha Majety

Unique Times May 20, 2023 0

According to a blog post by Sriharsha Majety, the CEO and Co-founder of Swiggy, the on-demand convenience platform’s food delivery business has become profitable. Mr. Majety stated that Swiggy’s food delivery business turned profitable as of March 2023, considering all corporate costs but excluding employee stock option costs. He emphasized that this Continue Reading

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Swiggy Lays Off 380 Employees, CEO Says “Extremely Difficult Decision”

Unique Times January 20, 2023 0

In a reorganisation exercise, food delivery service Swiggy said on Friday that it is “biding farewell to 380 talented Swiggsters,” adding that it was a “very tough decision.” According to the corporation, it has developed a thorough Employee Assistance Plan that will assist affected employees with maintaining their financial and physical well-being Continue Reading

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Infosys Warns Employees Against Moonlighting, Says It Could Lead To Termination

Unique Times September 13, 2022 0

Employees at Infosys have been cautioned not to moonlight. According to the employees’ code of conduct, moonlighting is not permitted, and any infringement might result in disciplinary action, including termination of employment, the human resource department stated in an email issued to the staff. According to the news source, the email was sent with the […]Continue Reading

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Unfair Business Practices: Inquiry against Zomato and Swiggy

Unique Times April 5, 2022 0

Investigation against online food delivery companies Zomato and Swiggy for alleged business practices. According to the reports, such an inquiry has been ordered by the Competition Commission of India (CCI). It is alleged that Swiggy and Zomato are making some changes to their platform in favor of certain brands in the name of certain business […]Continue Reading

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Zomato Instant: Food will be delivered in 10 minutes with no pressure on delivery partners

Unique Times March 22, 2022 0

Zomato announced on Monday that it will deliver food to customers in a record-breaking 10 minutes, without putting any pressure on its delivery partners. Zomato Instant will be the name of this service. This comes as Zomato extends a $150 million loan to Blinkit, formerly Grofers, a quick commerce company that promises delivery in 10 […]Continue Reading

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Swiggy begins Vaccination Drive for Delivery Partners

Unique Times May 21, 2021 0

As part of its commitment to cover vaccination for its delivery fleet, Swiggy has begun the Covid-19 vaccination drive in Bangalore for its delivery partners and frontline staff. COO of Swiggy, Vivek Sunder, stated that “Our delivery partners and frontline staff continue to assist consumers, especially through the recent movement restrictions. Swiggy has been advocating Continue Reading