Swiggy

The Indian stock market showed a modest recovery on July 9, with major indices ending slightly higher after a significant decline. Positive momentum early on faded as investors took profits, resulting in the Nifty 50 rising 0.34% and the Sensex up 0.31%. The broader market performed better.

Rapido averaged 82 million monthly active users between March and May, up 67% year-on-year. That put it ahead of Uber (39 million), Ola (27 million), Blinkit (79 million), Swiggy (67 million) and Zomato (63 million).

In a recent filing, Swiggy disclosed that foreign investment is at 49.76%, with domestic ownership exceeding 50%. This clarification confirms no changes in management, voting rights, or ownership status after a failed shareholder vote for amendments to its Articles of Association.

Eternal continues to outperform Swiggy as Blinkit's scale, execution and profitability strengthen its lead in quick commerce. While Instamart is improving margins and targeting break-even, analysts expect Blinkit to maintain faster growth, with both firms benefiting from long-term sector expansion.

Platform workers rely on digital apps for assignments, while non-platform gig workers operate in traditional sectors without these platforms.

IAMAI and various platform firms have filed a petition in the Karnataka High Court against the new gig worker law, claiming it violates the national social security framework established by the Code on Social Security, 2020.

New Delhi: Three weeks after Hyderabad-based Skyroot Aerospace became India’s first space unicorn, the startup’s cap-table found two new stakeholders that, for the past 12 years, have been among the most familiar names of India’s startups ecosystem.

Rise of quick-commerce platforms such as Blinkit, Zepto and Swiggy Instamart, alongside creator-led marketing, and a more mature startup ecosystem have helped brands achieve the revenue milestones of ₹ 100 crore quickly.