Zomato’s New Feature, Swiggy's IPO, RBI's Warning

Zomato enhances user convenience with a new feature allowing order scheduling up to two days in advance. Meanwhile, the government partners with Meta to promote AI adoption across the country, as the RBI cautions against the risks of crypto dominance amid rising cyber threats.

In financial news, Swiggy gears up for its IPO on November 6, aiming for a valuation of $11.3 billion. On the regulatory front, the ED cracks down on ticket scalping, seizing electronic devices, while Telegram stands firm against blanket monitoring of chats. Lastly, Swiggy experiments with a 10-minute medicine delivery service in Bengaluru.

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What Matters

“Khao Piyo Ash Karo Mitron”: Zomato Launches Feature For Users To Schedule Order Over Two Days

Zomato's latest update offers users the option to schedule orders up to two days in advance—a practical addition for those balancing busy schedules.

After choosing items, customers can lock in their desired delivery time during checkout, though popular time slots may require some flexibility. This move signals Zomato’s shift towards more planned and convenience-driven dining solutions.

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“Saathi Haath Badhana”: Govt, Meta Team Up To Push For AI Adoption In India

The government and Meta are joining forces to drive AI adoption in India, a collaboration set to boost the country’s digital landscape. With the launch of the YuvAi Initiative alongside AICTE, the focus is on equipping young minds with AI skills and encouraging homegrown innovations.

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“Aapne Ghabrana Nahi Hai”: RBI Warns Against Crypto Dominance Amid Surge In Cyber attacks

With cyberattacks on Indian websites surging 261% in early 2024, RBI Governor Shaktikanta Das has raised a cautionary flag on cryptocurrency dominance.

Das highlighted the risks cryptocurrencies pose to financial and monetary stability, emphasizing the need for restraint in their widespread adoption. As digital threats escalate, the RBI's stance calls for a balanced approach to India’s evolving digital economy.

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“Ab Aayega Maza”: Swiggy IPO To Open On Nov 6, Value The Company At $11.3 Bn

Swiggy’s much-anticipated IPO is set to open on November 6, aiming for a valuation of $11.3 billion. With a total issue size projected between INR 11,700 and INR 11,800 crore, the offering will close on November 8, marking a significant moment for India’s foodtech sector.

This move could reshape Swiggy's growth trajectory and make a statement in the IPO market.

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“Sabko Tight Karna Padega”: Ticket Scalping For Concerts As ED Seizes Electronic Devices

The ED cracked down on ticket scalping networks, seizing devices across multiple cities linked to inflated sales for Coldplay and Diljit Dosanjh’s concerts.

Conducting raids in Delhi, Mumbai, Jaipur, Chandigarh, and Bengaluru, the agency confiscated mobile phones, laptops, and SIM cards used to sell overpriced and counterfeit tickets. This operation highlights the rising issue of ticket fraud in India's booming concert scene.

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“Mai Nahi Jhukna Wala”: Telegram Rejects Blanket Monitoring

Following a data leak incident involving Star Health, Telegram has firmly rejected calls for blanket chat monitoring, citing privacy concerns. While the platform pledged to address harmful content in line with Indian regulations, it argued that monitoring all chats would violate privacy laws.

Instead, Telegram expressed willingness to collaborate with Star Health to remove flagged data from specific accounts, balancing privacy with compliance.

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“Ash Toh Kar Yaara Ash Toh Kar”: Swiggy Pilots 10-Minute Medicine Delivery In Bengaluru

Swiggy is testing a new 10-minute medicine delivery service in Bengaluru, aiming to bring relief right to customers’ doorsteps.

Through Instamart, users can now order essentials like pain relievers and fever medications for lightning-fast delivery. This pilot marks Swiggy’s latest step into quick commerce, blending convenience with healthcare on demand.

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1. Healthify has secured an additional $20 million to fuel its US expansion, bringing its total funding to $125 million. With these funds, the company plans to strengthen its AI capabilities to adapt to varied cultural and health needs.

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2. Meituan has offloaded over $200 million of its stake in Swiggy to a US investor through a secondary transaction. This marks a strategic exit for the Chinese platform from India’s food delivery landscape.

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3. D2C Insider has invested up to Rs 1 crore each in three early-stage startups: The Paan Legacy, Hemptyful, and Polr.Care. This move underscores the community's commitment to nurturing innovation within India's burgeoning direct-to-consumer sector.

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