Tushar Goenka

This is Swiggy's first major standalone app launch since inception over a decade ago. The company has so far housed all its offerings, food delivery, quick commerce, hyperlocal delivery, dining out, under one main app.

Biswas heading Flipkart Minutes is likely to give the Walmart-owned company an edge over other quick commerce majors as he has cut his professional teeth in the sector for over a decade, even before rapid delivery emerged as a hot sector only a few months ago.

To be sure, Instamart will continue to be present on the main Swiggy app.This approach mirrors strategies adopted by Chinese internet giants like Meituan and Alibaba, which combine a unified app with a suite of standalone apps tailored to specific use cases.

Launching new apps has always been a part of Swiggy’s strategy, and moves to launch separate apps for Instamart and Snacc, shouldn’t be

Scapia is commanding a valuation of around Rs 1,250-1,500 crore, slightly higher than Rs 800-850 crore previously, a source told Moneycontrol.

Milky Mist is aiming to raise around Rs 2,000 crore (around $235 million) through its IPO, slated for later this year, sources told Moneycontrol.

The founder group cumulatively holds under 2 percent in PharmEasy, according to Tracxn, a private markets data provider.

While Kejriwal did not take specific names, the IPOs are likely to include new-age companies like eyewear startup Lenskart, beauty e-commerce player Purplle, among others.

While Scimplify is likely to raise $30 million, Sanlayan is in talks to raise $20 million. CBCatayst is discussing a $1 million deal and Lightspeed is in advanced stages to back a former business head at Zetwerk in a $5 million deal, multiple sources told Moneycontrol.

Capillary is likely to issue fresh shares worth around Rs 200-300 crore and the remaining Rs 1,200-1,300 crore will be through share sales. The company is likely to list in the second half of the year