Swiggy announces 2 ESOP liquidity events worth $40 million
Set to be held in July 2022 and again in July 2023, the two events are expected to be worth around $35-40 million at the company’s current valuation of $5.5 billion.
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Set to be held in July 2022 and again in July 2023, the two events are expected to be worth around $35-40 million at the company’s current valuation of $5.5 billion.
The owner of an online food delivery restaurant in Greater Noida was allegedly shot dead by a Swiggy delivery boy due to a dispute over a delay in an order.
It had been alleged that Swiggy and Zomato were in the talks with electric scooter and bike aggregators like Spinny, Zypp and eBikeGo to switch 10 per cent of their fleets to electric by 2021.
A major chunk of the capital raised would be used to expand its non-food entities like the grocery service Instamart and pick up and drop facility Swiggy Genie.
Phani Kishan joined early in 2015 and has been an important member of the food delivery platform's core team.
Online food aggregates like Zomato, Swiggy are indulging in aggressive advertising and campaigns to restore demand and increase their revenue.
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