General
Sriharsha Majety, managing director and group chief executive officer, Swiggy
General Synopsis
Swiggy is in the middle of a tough shake-up. It may have bought itself time with asset sales and corporate rejigs, but with Blinkit sprinting ahead and Rapido muscling in, that may not be enough.
In less than a year after listing, Swiggy may be in need of funding as it depletes cash faster than it earns. The food-delivery giant, once seen as Zomato’s fiercest rival, is restructuring — offloading assets, rejigging businesses, and bracing for a bruising quick-commerce war. The most dramatic move: an INR2,400 crore sale of its 12% stake in Rapido to Prosus and Westbridge. It’s a neat exit considering Swiggy’s 2022 buy-in of roughly INR1,000
Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories
& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &
in-depth stock reports
Subscribe Now
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
What’s Included with
General 1Exclusive Insights That Matter
Uncover the truth with our investigative stories
Make strategic moves using the real-world case studies
Read industry-specific stories to identify emerging trends
Spot opportunities with in-depth insights that matter
-
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US
What Adani’s US indictment means for India Inc’s overseas fundraising
-
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.
Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
-
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?
The problem with lab grown diamonds
-
Why a falling rupee is a better option for the economy
A list of top 20 momentum stocks that have delivered massive returns in one year
General 2Stay informed anytime, anywhere with ET ePaper
ePaper – Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper – Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
General 3Invest Wisely With Smart Market Tools & Investment Ideas
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
Buy low & sell high with access to Stock Score, Upside potential & more.
BigBull Portfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
General 4Times Of India Subscription (1 Year)
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
New York Times Exclusives
Stay globally informed with exclusive story from New York Times.
General 5Enjoy Complimentary Subscriptions From Top Brands
TimesPrime Subscription
Access 20+ premium subscriptions like Spotify, Uber One & more.
Docubay Subscription
Stream new documentaries from all across the world every day.