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Swiggy admits to data breaches, says business is vulnerable to cyberattacks

Swiggy filed an FIR against a former employee for fraudulently gaining unauthorized access to Swiggy's test systems.

The company also disclosed that as it grows and collects more data, the risk of significant failures in internal controls or data security measures increases.

Swiggy’s ad spend drops 26% to Rs 1850 crore in FY2024; to ‘cost-effectively’ invest in marketing

Swiggy Ltd increased its consolidated advertisement and promotion expenses by 65.3% in Q3 FY25

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

In total, Swiggy’s delivery partners crisscrossed the nation with a collective travel distance of 1.96 billion kilometers in 2024—equivalent to over 533,000 trips between Kashmir and Kanyakumari.

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.

Hyundai Motor India IPO: SEBI clears path for record-breaking public offering

Hyundai Motor sold 186,408 units of passenger vehicles between October and December 2024

The South Korean automaker could raise nearly Rs 25,000 crore with its upcoming IPO setting a new benchmark in India’s auto sector.

One MobiKwik Systems get Sebi’s nod for IPO

Sebi gives green signal to MobiKwik to float an IPO

MobiKwik will allocate the raised funds for expanding its business (Rs 250 crore), for growth in the payment services sector, for investment in data in machine learning, AI, and technology (Rs 135 crore each), for capex related to payment devices (Rs 70 crore), and the remaining amount for general corporate purposes.

IPO-bound Ecom Express processes 82% of tier-2 shipments but faces growth challenges: InCred Equities

Ecom Express plans to raise Rs 2,600 crore via its IPO

InCred Equities estimated that Ecom Express handled 430 million of shipments in FY2024 accounting for 58% of Delhivery’s shipments, while its sales were 51% of Delhivery’s express sales

MTR Foods’ parent firm Orkla India eyes public listing: Report

Orkla ASA acquired packaged food company MTR in 2007

Orkla ASA, the Norwegian investment company entered India in 2007 by acquiring packaged food company MTR. In 2011, Orkla India also bought Rasoi Magic, a 100% subsidiary of MTR

Reddit plans to introduce paywalled content and AI search summaries

With its anonymity, community-driven ethos, and tolerance for nuanced conversations, Reddit is fast becoming a go-to destination for other D2C sexual wellness brands like Sangya Project, Manzuri, and MyMuse, each of which is trying to build authenticity and trust in a culturally complex market.(Representative image by Brett Jordan via Unsplash)With its anonymity, community-driven ethos, and tolerance for nuanced conversations, Reddit is fast becoming a go-to destination for other D2C sexual wellness brands like Sangya Project, Manzuri, and Mymuse, each of which is trying to build authenticity and trust in a culturally complex market.(Representative image by Brett Jordan via Unsplash)

For Q2, Reddit’s revenue reached $281.2 million, up 54% year-over-year due to the platform’s growing ad business.

Exclusive: ‘No tax demand pending against me’, says Supam Maheshwari, MD & CEO, FirstCry

FirstCry spent Rs 482.2 crore on advertising in FY24

The Pune-based startup aims to raise Rs 4,193 crore at the upper price band through this IPO. The firm is expected to list on exchanges on August 13.

FirstCry spent Rs 482 crore on advertising in FY24

The Pune-based company has reduced the size of its fresh issue by around 8% to Rs 1,666 Cr from Rs 1,816 Cr.

Moreover, from the net proceeds of the IPO, FirstCry has allocated Rs 200 crore towards sales and marketing initiative expenditures.