Swiggy Company Profile, Funding News & Updates

Sources say the shareholders' approval clears the way for Swiggy’s capital raise, which could begin as early as this week.

Swiggy has approved plans to raise up to ₹10,000 crore through QIP or other routes to strengthen its growth in a competitive market. Backed by strong cash reserves and the ₹2,400 crore Rapido divestment, the food delivery giant aims to boost its strategic flexibility and secure additional growth capital.

Unlike the main Swiggy app, Toing focuses on curated restaurants, easier ordering, simpler navigation, and lower prices. It ensures that restaurant prices closely match offline rates.

Crew is a travel and lifestyle concierge app that combines real people with AI to help users plan their trips, not just suggest itineraries.

The NGO’s petition, argued by lawyers Sarah and Taha Bin Tasneem said the apps lack features like screen‑reader compatibility, interactive elements and detailed product information that visually impaired users need.

According to a filing with the NSE, the company’s Nomination and Remuneration Committee approved the grant of 1.29 crore ESOPs through a circular resolution.

The ministry said this move is part of its plan to make NCS a one-stop platform for jobs, skill training, career guidance and local job matching.

Barua, Co-founder and CEO of Delhivery, was one of the first independent directors on Swiggy’s board. He supported the company through a key growth phase and its preparation for the public markets.

Swiggy Instamart has expanded to 100 cities across India to meet the growing demand for 10-minute deliveries, especially in tier II and III cities.

Swiggy, a food delivery and quick-commerce firm, announced on Friday that it has expanded its food delivery service with IRCTC to 100 railway stations across 20 states.