Goyal raised concerns over the potential disruptions that could be caused for the 10 crore small retailers in India due to the growing race for the market share, marked by a 27 per cent growth rate per year
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Goyal pointed out Amazon’s business strategy and alleged that its investment in India has often been used to cover its business losses
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Zepto’s valuation will reportedly surge from USD 1.6 billion in August 2023 to a projected USD 5 billion, as per media reports
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Himavant Srikrishna Kurnala, Mayank Rajvaidya, Manu Sasidharan and Kumar Rahul join Swiggy in leadership roles
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As the situation develops, no official statements have been issued by Amazon or Swiggy regarding the potential deal
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Initially implemented in Bengaluru and Delhi, this fee is separate from delivery charges, GST, restaurant fees, and other associated expenses, as per media reports
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In July 2015, the company launched an online grocery store in Bengaluru, shortly after introducing a food delivery app in March of the same year. However, both services were discontinued within nine months, according to media reports.
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Avenir, Lightspeed, and Avra (Anu Hariharan’s new fund) joined the company’s cap table as new investors, among others. existing investors
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