Swiggy has posted its revenue from operations at Rs 3,222.21 crore in the first quarter of FY25 against Rs 2,389.81 crore reported in the corresponding quarter of FY2024
Author: Mansi Jaswal
Swiggy drops ad spends I Retailers’ Association on Q-Comm I Salary of Swiggy’s founders
Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.
Swiggy’s ad spend drops 26% to Rs 1850 crore in FY2024; to ‘cost-effectively’ invest in marketing
Swiggy has proposed to spend up to Rs 1000 crore, over four calendar years on brand marketing services across various channels, including traditional media
Swiggy IPO: Co-founders Sriharsha Majety, Nandan Reddy remuneration revealed
According to the updated draft red herring prospectus (DRHP) submitted to SEBI on September 26, the CTC for Swiggy co-founders will increase to Rs 3 crore in 2026.
Ahead of festive season, Meesho partners with D2C brands, attracts 3.2 crore shoppers
Meesho said that nearly 75 percent of orders came from tier 2+ markets, and among brands, Liberty reported growth of 2.89X, Bella Vita at 2.5X, and Denver at 2.4X.
64% of employers in travel and hospitality industry expanding workforce: TeamLease report
According to TeamLease Services’ Employment Outlook Report (EOR) for first-half of the fiscal year 2025, 64% of employers in the travel and hospitality industry are expanding their workforce as they adapt to growing demand, while 19% report reductions, and 17% indicate no change in workforce size
Zomato to train 10,000 women in logistics
Zomato has provided benefits like shorter distance deliveries, period rest leaves, and maternity benefits (such as monetary cover and assistance throughout pregnancy and childbirth) to its female delivery partners
Distributors’ body expresses concerns over quick commerce firms’ deep discount practices
AICPDF warned that if FMCG companies fail to act against these ‘harmful practices,’ it will launch a mass non-cooperation movement against them.
Hidden dangers of desk work: Mental state declines after just 2 hours, says study
According to ASICS’ ‘State of Mind’ study, there is a strong link between sedentary behavior and mental well-being, with state of mind scores decreasing if an individual remains inactive for an extended period
GenAI demand skyrockets 411% globally since 2019; India leads in AI/ML job postings
As per Cornerstone’s SkyHive data, India led with 4.1 percent of its job postings focused on AI/ML and nearly 18 percent of data analytics jobs, reflecting its growing role in the global AI landscape between January and July 2024.