swiggy – Bhartiyanews24x7

Amazon India has reportedly approached Swiggy for a potential deal involving its quick commerce business, Instamart, sources told the Economic Times. This move coincides with Swiggy's confidential filing of draft documents with SEBI for a Rs 10,414 crore ($1.25 billion) public offering, marking one of the largest IPOs for a new-age internet firm. According to a source privy to the development told ET, "Amazon has shown interest in either acquiring a stake during the ongoing pre-IPO placement or proposing a buyout for Instamart. However, multiple roadblocks exist at the moment." The source further noted that no official offer has been made yet, and swift action from Amazon’s headquarters in Seattle is necessary for discussions to advance. Early talks may ...

Job industry is experiencing layoffs across industries around the globe. In India, large new-age companies like Swiggy, Ola, Paytm and others have cut down their workforce since January 2024. Here we compile list of India firms that have laid off their employeesSimpl fired around 25% of its workforceSimpl, a buy now pay later platform fired around 160-170 employees in May 2024. The layoff, as per a MoneyControl report, impacted around 25% of the company’s total employees.Ola Cabs laid off 200 people in April 2024The ride-hailing company nearly fired around 10% of its employees in April this year. The layoff impacted 200 employees then and was said to improve ‘profitability’ at Ola Cabs.Ola Cabs' chief executive Hemant Bakshi also resigned just three months after his appointment.Cash-str...

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Amazon India Eyes Swiggy’s Instamart Amid Swiggy’s IPO Preparations: Report

Tech layoffs in India: Ola, Flipkart, Byju’s, Swiggy and 18 other companies cut hundreds of jobs in 2024 – Times of India