Swiggy to transfer Instamart business to subsidiary in restructuring move

Swiggy to transfer Instamart business to subsidiary in restructuring move

Swiggy Limited has approved the transfer of its quick commerce business Instamart to an indirect wholly owned subsidiary, Swiggy Instamart Private Limited, in a restructuring aimed at improving operational efficiency and long-term growth. The board cleared the transfer on Tuesday, subject to shareholder approval and customary conditions. The transaction will be executed via a slump…

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Rapido Food Delivery: Ride-sharing platforms’ entry in food delivery market sparks buzz among competitors

Rapido Food Delivery: Ride-sharing platforms’ entry in food delivery market sparks buzz among competitors

Ride-hailing giant Rapido is all set to enter India’s food delivery landscape. This announcement has created a buzz across the industry, with many wondering how Rapido’s entry will impact the dominance of established players like Zomato and Swiggy. This service is expected to start in Bengaluru. Two listed companies – Zomato and Swiggy are already…

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