Swiggy Posts Rs 3,600 Cr Revenue in Q2; Instamart Contributes 13.6% Swiggy saw a 30.3% quarter-on-quarter growth in its operating revenue, reaching Rs 3,601 crore in Q2 FY25, up from Rs 2,763 crore in Q2 FY24. The significant growth was driven by the rapid expansion of its quick commerce business, which grew by 135% during the last quarter. Instamart, its quick commerce vertical, contributed 13.6% to the overall revenue.
Ecom Express and Smartworks Receive SEBI Nod for IPOs Ecom Express and Smartworks have received approval from the Securities and Exchange Board of India (SEBI) for their upcoming initial public offerings (IPOs). Ecom Express plans to raise Rs 2,600 crore through the IPO, including a fresh equity issue and an offer for sale (OFS). Smartworks, a coworking space provider, is also preparing to go public following SEBI’s approval.
Nazara Invests Rs 196 Cr in Five Firms, Including Funky Monkeys Play Nazara Technologies, a leading gaming and esports company in India, has made a Rs 196 crore investment in five firms, including acquiring a 60% stake in Funky Monkeys Play for Rs 43.7 crore. This investment aims to expand Nazara’s presence in the physical entertainment sector. The company also invested Rs 4.2 crore in LearnTube.ai, an AI-driven educational platform, to enhance its gamified learning experiences.
