Connect with us

Latest News

SoftBank To Invest $200 Million In Swiggy!

Published

on

SoftBank To Invest In Swiggy,Startup Stories,2017 Business News Update,SoftBank and Swiggy Business Updates,SoftBank Business News,Food Delivery Platform Swiggy,Foodtech Startup Swiggy,SoftBank Invest Money in Swiggy,Food Delivery Startup Swiggy Business

After establishing a stronghold in the Indian ecommerce and the cab aggregator space, Japanese conglomerate SoftBank is gearing to invest between $ 200 million to $ 250 million in foodtech startup, Swiggy. With this move, SoftBank joins Flipkart and China based Tencent, in their investment bid.

Founded in 2014 by Sriharsha Majety, Nandan Reddy and Rahul Jaimini, Swiggy is currently active in over ten cities across the country and is partnered with over 20,000 restaurants. Swiggy reported a profit of over $ 3.6 million (Rs. 23.6 crores) for the last fiscal quarter.

According to reports, SoftBank is looking for minority shares in Swiggy in exchange for the $ 200 million to $ 250 million investment. If successful, this investment would likely take place at a pre money valuation of $ 600 million to $ 650 million.

From its inception, Swiggy raised about $154.67 million through three major rounds of investments. A spokesperson for Swiggy stated, “Swiggy garners continuous interest from investors due to our market leadership position, strong growth and financial performance. We remain focused on delivering exceptional value to consumers, and will comment on fundraises at the opportune time.

If SoftBank goes through with the move, Swiggy and Zomato will be at loggerheads. SoftBank declined to comment and is suspiciously quiet about the issue. To stay one step ahead of the game, Swiggy launched a new Cloud Kitchen initiative to provide users with Pan Asian, Continental and Indian cuisines. With its cloud kitchen initiative called Swiggy Access, the company aims to reduce the delivery time, allow restaurants to increase their franchises and provide users with a wide array of options.

This move was made in an attempt to squash rival, Zomato’s dominance of the foodtech industry. With constant modifications and new launches, Swiggy has been working to provide maximum customer satisfaction. The company claims to complete over 400 million orders every month and claims to have completed close to 78,417 orders daily as of January 2017. This online food and services market is estimated to be worth $ 2.9 million. Through this investment round, Swiggy aims at surpassing its rival and setting itself as the most reliable and noteworthy food delivery platform.

 

Continue Reading
Advertisement
41 Comments

41 Comments

  1. Oliveapago

    May 1, 2025 at 11:49 pm

    услуги по продаже аккаунтов профиль с подписчиками

  2. PeterTinty

    May 2, 2025 at 2:19 am

    продажа аккаунтов соцсетей перепродажа аккаунтов

  3. Richardneage

    May 2, 2025 at 3:49 am

    магазин аккаунтов https://magazin-akkauntov-online.ru/

  4. Jameszoogy

    May 2, 2025 at 6:28 am

    магазин аккаунтов https://ploshadka-prodazha-akkauntov.ru/

  5. Oliveapago

    May 2, 2025 at 11:33 am

    аккаунт для рекламы продать аккаунт

  6. BryantGek

    May 2, 2025 at 2:07 pm

    гарантия при продаже аккаунтов https://kupit-akkaunt-top.ru

  7. Richardneage

    May 2, 2025 at 2:35 pm

    профиль с подписчиками купить аккаунт с прокачкой

  8. Daviddiaby

    May 3, 2025 at 7:33 am

    Marketplace for Ready-Made Accounts Account Market

  9. Jasonbiove

    May 3, 2025 at 7:40 am

    Buy Account Account market

  10. MichaelTrops

    May 3, 2025 at 9:28 am

    Account Trading Platform Purchase Ready-Made Accounts

  11. WalterAduck

    May 3, 2025 at 1:07 pm

    Accounts marketplace Buy Account

  12. Jaredger

    May 4, 2025 at 1:22 am

    Account Catalog Account marketplace

  13. Brianthort

    May 4, 2025 at 1:28 am

    Find Accounts for Sale Database of Accounts for Sale

  14. RonaldAgeva

    May 4, 2025 at 3:14 am

    Secure Account Sales Sell accounts

  15. BruceCal

    May 4, 2025 at 11:59 am

    Online Account Store Account Catalog

  16. WilliamFluep

    May 4, 2025 at 12:20 pm

    Accounts market buyaccounts001.com

  17. RonaldAgeva

    May 4, 2025 at 3:45 pm

    Account Selling Platform Account marketplace

  18. EdmundEvawn

    May 5, 2025 at 5:12 am

    account store account buying service

  19. BrandoncOb

    May 5, 2025 at 5:12 am

    account purchase account sale

  20. RomeoRer

    May 5, 2025 at 7:04 am

    account catalog find accounts for sale

  21. Donaldaffow

    May 5, 2025 at 11:56 am

    account marketplace account selling platform

  22. KeithPab

    May 6, 2025 at 12:47 am

    accounts market profitable account sales

  23. Robertmaymn

    May 6, 2025 at 12:49 am

    purchase ready-made accounts https://buycheapaccounts.com/

  24. Hectorvef

    May 6, 2025 at 2:54 am

    sell pre-made account gaming account marketplace

  25. Carloscip

    May 6, 2025 at 7:10 am

    account trading account buying service

  26. RichardBer

    May 6, 2025 at 1:48 pm

    profitable account sales database of accounts for sale

  27. Carlosbouby

    May 6, 2025 at 3:39 pm

    account exchange account selling platform

  28. Stephenraw

    May 6, 2025 at 3:41 pm

  29. ClydeDug

    May 7, 2025 at 2:55 am

    database of accounts for sale guaranteed accounts

  30. StevenSix

    May 7, 2025 at 3:00 am

    account trading platform https://buy-soc-accounts.org/

  31. JohnnyFlapy

    May 7, 2025 at 3:09 am

    secure account purchasing platform account buying platform

  32. Thomasnal

    May 7, 2025 at 4:25 am

    account market account marketplace

  33. PhilipLow

    May 7, 2025 at 1:11 pm

    account trading service account trading platform

  34. Randalwaing

    May 7, 2025 at 1:22 pm

    purchase ready-made accounts ready-made accounts for sale

  35. RichardAneno

    May 7, 2025 at 11:47 pm

    profitable account sales profitable account sales

  36. Zacharyswist

    May 8, 2025 at 12:06 am

    gaming account marketplace database of accounts for sale

  37. Kevinemere

    May 8, 2025 at 1:55 am

    ready-made accounts for sale accounts market

  38. RaymondAsymn

    May 8, 2025 at 8:29 am

    website for buying accounts gaming account marketplace

  39. ThomasUrisa

    May 8, 2025 at 1:25 pm

    account market sell account

  40. NathanAburb

    May 8, 2025 at 1:52 pm

    accounts marketplace purchase ready-made accounts

  41. BruceSon

    May 8, 2025 at 3:29 pm

    account buying service secure account purchasing platform

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

Published

on

Bliss_StartupStories

Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

Continue Reading

Latest News

Apple to Shift Entire US iPhone Assembly to India by 2026

Published

on

Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


Continue Reading

Latest News

PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

on

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

Continue Reading
Advertisement

Recent Posts

Advertisement