Thursday, December 2, 2021

Swiggy to infuse Rs 5,250 Crore in quick grocery service Instamart

Online food delivery platform Swiggy on Thursday announced to invest $700 million (over Rs 5,250 crore) in its express grocery delivery service Instamart that delivers groceries in 15-30 minutes -- at a crucial time when its closest rival Zomato discontinued its in-house grocery delivery services. https://ift.tt/3G4BVR6

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Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researchers quit via Slack during an all-hands (The Information)

The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...