Swiggy's upcoming IPO is valued at ₹11,327 crore and will open on November 6, 2024. The company wants to take advantage of India's growing digital economy, even though it's currently operating at a loss. Investors are curious if Swiggy can beat its rival Zomato, which has recently gained ground in quick commerce.
At the Nvidia Summit in Mumbai, Meesho announced that it will open-source its machine learning platform, which includes its feature store and model orchestrator. This move is meant to help developers and data scientists improve AI capabilities throughout the ecosystem.
Blinkit, a quick delivery service, has launched its Sellers Hub, letting brands sell directly on the platform. Right now, over 200 brands can use it, with more on the way. This step helps Blinkit compete with big online retailers. Zomato, which owns Blinkit, has also raised its platform fee, showing the growth in quick delivery services.
Blinkit, the quick delivery service under Zomato, is rolling out express dark stores to deliver high-value items like air purifiers and jewelry in just 30 minutes. This move is all about upping the average order value and going head-to-head with giants like Flipkart and Amazon as the quick delivery scene heats up.
Mamaearth is aiming for a ₹100 crore ARR on Meesho as they dive into Tier 3 markets. They’ve already hit ₹50 crore GMV on the platform! Shares took a little hit, but Mamaearth is all in on delivering personal care goodies to places that need them.