Overall, the food delivery business for the investment firm grew and it cited growing importance of convenience in people’s daily lives as one of the main contributor.
Food delivery companies experienced consistent growth in their business from 2018 to 2020, with the percentage increasing from 43% to 52% during this period.
He also mentioned that the brand has focused on building more delivery partner-forward initiatives like the Swiggy Skills Academy, on-demand and free ambulance service, and an enhanced insurance policy for their safety and wellbeing.
The acquisition brings Swiggy on board as a stakeholder in Kitchens@, emphasizing the strength and stability of the company's financial performance and operations.
Food delivery platform, Swiggy and Zomato have lodged a complaint with the Delhi government regarding the issuance of fines to their two-wheeler delivery personnel under the pretext of the bike-taxi service ban in the capital.
With the integration of Dineout, Swiggy became the only platform to offer exclusive discounts and savings on dining out, food delivery, groceries, sending packages & more to its users.
These are the first independent directors on Swiggy’s board and join current members: Sriharsha Majety – CEO and Co-founder of Swiggy, Nandan Reddy, Co-founder of Swiggy amongst others.