Swiggy

In May, the Naspers-backed company laid off 1,100 people and shut non-performing business arms.

Hyper-local delivery, a model of picking up goods from neighborhood stores, warehouses, and supermarkets, had gained widespread investor interest a few years ago.

A majority of Indian startups are running out of money and time in the race to survive the pandemic.

Swiggy recently partnered with high-end hotel groups such as ITC Hotels, Marriott, Hyatt, KA Hospitality.

In October last year, India’s regulator had rejected the application of two dozens companies for drone testing.

Swiggy and Zomato let go of hundreds of workers in face of lockdown damage.

Swiggy has asked 1,100 employees to leave, giving them three months notice period and other severance packages.

Last week Zomato also announced cutting 13% of its total workforce.