IPO-bound food delivery company Swiggy announced the debut of an ‘international login’ feature, which allows people living in foreign countries, including the United States, Germany, Canada, and the United Kingdom to order food for their loved ones in India.

This permanent function allows global users to order food, shop on Swiggy’s quick commerce platform Instamart, and reserve a table through Dineout using its app.
Payments can be made using international credit cards or accessible UPI options.

The food and grocery delivery behemoth recently filed its updated draft papers with capital markets regulator Sebi and raised money through its initial public offering (IPO).

Also Read: Swiggy Introduces New Feature To Allow People Living Abroad To Order Food For Their Loved Ones In India

The proposed IPO includes a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to an updated draft red herring prospectus (UDRHP). Market sources estimate the company’s IPO size to be over Rs 10,000. In pre-IPO round Swiggy has onboarded various celebrities and family houses.

Swiggy-Zomato Platform fee

Considering the high volumes of orders in the festive season, online food delivery platforms Zomato and Swiggy have increased their platform fees in a few cities. The two rivals now charge 10 rupees as a platform fee in the national capital. Yes, we increased platform fees in certain cities yesterday (Wednesday), Zomato said in a regulatory filing, explaining in a report that the corporation raised platform fees to 10 rupees due to the festive season rush. The festive season platform fee in the national capital is now 10 rupees.

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