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Swiggy Halts Genie Delivery Service Across Major Cities Amid Focus Shift to Rapid Food Deliveries

Bengaluru-based startup temporarily suspends its hyperlocal pickup-and-drop offering as it expands 10-minute food delivery service to 500+ cities Bengaluru, India — May 5, 2025: Swiggy, one of India’s leading on-demand delivery platforms, has quietly paused operations of its hyperlocal courier service, Swiggy Genie, in several key Indian cities, including Bengaluru, Delhi-NCR, Mumbai, and Pune. The...

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ZOMATO, NOW ‘ETERNAL’, SEES REVENUE SURGE BUT PROFITS PLUNGE IN MARCH QUARTER

Eternal Ltd, formerly known as Zomato, reported a robust jump in revenue but a steep fall in quarterly profits for the three-month period ending March 31, 2025, underscoring the cost of scaling its rapid-delivery business amid rising operational expenses. The food delivery giant posted a consolidated net profit of ₹39 crore in Q4 FY25, marking...

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Ather Energy IPO Sees Tepid Start, Subscribed Just 17% on Day One

Bengaluru, India — April 29, 2025The highly anticipated initial public offering (IPO) of electric two-wheeler manufacturer Ather Energy got off to a subdued start on its opening day, with an overall subscription of just 17% by market close on Monday. While retail investors and employees showed strong interest, institutional participation remained largely absent. According to...