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Swiggy pilots travel and lifestyle concierge app Crew
Entrackr
·
1m ago
Medial
Swiggy has introduced a pilot travel and lifestyle concierge app called Crew, combining human concierges with AI to aid in trip planning, marking a new venture beyond its food delivery and other services. This move is part of Swiggy's strategy to expand its app offerings, similar to Chinese tech giants with multiple specialized apps. This initiative follows Swiggy's previous ventures, including professional services marketplace Pyng and its quick commerce unit, Instamart.
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Swiggy expands ESOP pool with Rs 150 Cr fresh grant
Entrackr
·
28d ago
Medial
Swiggy expands ESOP pool with Rs 150 Cr fresh grant Food delivery and quick commerce platform Swiggy has rolled out fresh employee stock option (ESOP) grants worth Rs 150 crore ($17.5 million). Swiggy Limited has granted 38.86 lakh stock options under its ESOP 2024 plan, according to filings with the NSE. At the current market price of Rs 385.3 per share, the grant is valued at around Rs 150 crore. As per the disclosure, the stock options have an exercise price of Rs 1 each and convert into one fully paid-up equity share upon vesting. They can be exercised anytime after the vesting period until the company’s liquidation. The development comes a month after, when Swiggy entered the travel concierge and lifestyle management space with a new app called Crew. Entrackr has exclusively reported the development. In April this year, the Bengaluru-based company announced fresh employee stock options under its ESOP plan 2024 for eligible employees worth Rs 443.4 crore (around $52 million). Swiggy’s losses surged 95% year-on-year to Rs 1,081 crore in the fourth quarter of FY25, even as revenue rose 45% to Rs 4,410 crore. For the full fiscal year, the company reported Rs 15,227 crore in revenue. In contrast, rival Zomato remained profitable with Rs 39 crore during the last quarter of the previous fiscal year (Q4FY25), while Zepto narrowed its losses to Rs 1,248 crore in FY24. At the close of trading on Friday (July 11, 2025), Swiggy’s shares were priced at Rs 385.3, and the company had a market capitalization of Rs 96,080 crore (around $11.3 billion).
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Swiggy Wears The Concierge Hat
Inc42
·
9m ago
Medial
Swiggy, the popular food delivery platform in India, is planning to launch a concierge service called Swiggy Rare Life that caters to high-net-worth individuals (HNIs). This move comes as Swiggy aims to tap into the growing market of affluent consumers. Swiggy Rare Life aims to provide personalized services to HNIs, such as event planning and luxury experiences. Unlike traditional chatbot services, Swiggy Rare Life will have a dedicated team available 24/7 to meet the specific needs of HNIs. The concierge service is expected to have a small but rapidly growing customer base in India.
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Section of Akasa Air pilots flags concerns over unfair practices; airline terms allegations untrue
Livemint
·
7m ago
Medial
A group of pilots from Akasa Air has raised concerns about training and safety issues at the airline and has sought intervention from the civil aviation ministry. The pilots claim that 84 pilots have resigned with one-day notice due to alleged mismanagement. However, Akasa Air denies these allegations and states that the claims are baseless and untrue. The airline also highlights that their employee survey consistently shows high levels of job satisfaction among pilots. Previously, the Directorate General of Civil Aviation (DGCA) had fined Akasa Air ₹30 lakh for lapses in crew training.
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Swiggy Bulks Up Leadership; Eyes Wider Services Play
Inc42
·
9m ago
Medial
Swiggy has hired Shalabh Shrivastava, a former Flipkart executive, as the Senior Vice President of Driver Organization. In addition, Hari Kumar G has been appointed as the Senior Vice President and Chief Business Officer of Instamart. Swiggy is reportedly piloting a services marketplace called 'Yello' to provide professional services to consumers. The company is also launching Rare Life, a concierge service targeting high-net-worth individuals.
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Akasa Air partners with uppercase to launch eco-friendly gear for cabin crew
IndianStartupNews
·
14d ago
Medial
Akasa Air has partnered with the Indian lifestyle brand uppercase to launch eco-friendly gear for its cabin crew. The collaboration includes a custom-designed cabin stroller and tote bag, created with input from crew members to address their needs. The gear features Akasa's signature colors, TSA-approved locks, and smart compartments. Belson Coutinho, Akasa Air's COO, highlighted the initiative as part of the airline's commitment to employee-centricity, comfort, and sustainability.
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Vistara hopes to stabilise April ops by this weekend. What CEO Kannan said
Livemint
·
1y ago
Medial
Vistara CEO Vinod Kannan has stated that the airline aims to stabilize its operations for April by the end of this weekend. He also mentioned that more than 98% of Vistara pilots have signed the new contract, although some have concerns. The airline recently faced disruptions due to crew unavailability, resulting in flight cancellations. However, the situation has improved with better on-time performance. Vistara is actively addressing the pilot shortage issue and engaging with pilots to resolve any concerns. The airline has also temporarily reduced flights and deployed larger aircraft on select routes to accommodate passengers.
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Zype claims Rs 75 Cr monthly disbursal with own collection infra
Entrackr
·
1y ago
Medial
Zype, a financial well-being and lifestyle app, recently raised $18 million and emerged from stealth mode. The app offers short-term personal loans to retail individuals, with interest rates of 26-27% annually. Zype claims to have over 1.5 million app installs and 950,000 registered users since its launch. The company primarily lends for purposes such as two-wheelers, travel, medical emergencies, and education. It handles collections internally and aims to increase its loan book to Rs 500 crore within a year. Zype competes with MoneyTap, Fibe, Uni, and KreditBee in the personal loan space.
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Travel tech startup The Tarzan Way raises Rs 2 Cr led by IPV
Entrackr
·
2m ago
Medial
Noida-based AI-powered travel tech startup The Tarzan Way has raised Rs 2 crore (around $233K) in a seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from Your Trips Limited (UK), PhysicsWallah Founder Prateek Maheshwari, and several angel investors. The funds will be allocated towards product development (35%), operations (25%), marketing (20%), HR/admin (15%), and miscellaneous functions (5%). Founded in 2020 by Shikhar Chadha and Shivank Tripathi, The Tarzan Way uses AI to create hyper-personalised travel experiences, enabling users to plan custom itineraries in seconds. With its new “Exploration App” set to launch soon, the company aims to streamline travel planning by offering an AI-backed booking engine, one-click bookings, and 24x7 concierge support. The platform claims to have clocked Rs 13.5 crore in gross booking value, with a 300% YoY revenue jump and 70% MoM user growth. The brand has over 35,000 social followers and 10 million+ content views. Backed by a growing market for personalised travel, the expansion of India’s tourism sector is expected to touch $512 billion by 2028.
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Dreams cut short in Ahmedabad plane crash: The Air India crew members who never came home
Economic Times
·
1m ago
Medial
A tragic plane crash involving Air India flight AI-171 occurred in Ahmedabad, resulting in the death of all nine crew members and two pilots. The victims, including young women from Manipur, were based in Mumbai. The crash abruptly ended the lives and dreams of these young professionals who were looking forward to reuniting with their families and pursuing future plans. The incident has left families and communities shocked and in mourning.
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Mint Explainer: Draft aircraft rules and why they matter
Livemint
·
23d ago
Medial
The Indian Aircraft Rules 2025 draft introduces key reforms across pilot licensing, airworthiness, training safety, and oversight. Notably, it includes a section on fatigue management, ensuring crew and pilots are adequately rested. These new rules aim to replace outdated British-era laws and align India's aviation regulations with international standards set by the International Civil Aviation Organization. The draft highlights India's commitment to modernizing its aviation sector for enhanced safety and efficiency.
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