9 min
Employees are feeling the squeeze as Swiggy preps for its stock market debut Daybreak
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- Notícias de negócios
A damning investigative report about Swiggy recently revealed how the foodtech giant has been depriving its delivery workers of their health insurance coverage if their ratings fall.
It comes at a time when the company is prepping to make its stock market debut to raise more than a billion dollars. Earlier this week, Swiggy also got the official green flag for the IPO from its shareholders.
But so far, only its food delivery business is profitable. So now, the company is running on overdrive to hit profitability before it goes public.
And Swiggy employees are bearing the brunt.
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
A damning investigative report about Swiggy recently revealed how the foodtech giant has been depriving its delivery workers of their health insurance coverage if their ratings fall.
It comes at a time when the company is prepping to make its stock market debut to raise more than a billion dollars. Earlier this week, Swiggy also got the official green flag for the IPO from its shareholders.
But so far, only its food delivery business is profitable. So now, the company is running on overdrive to hit profitability before it goes public.
And Swiggy employees are bearing the brunt.
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
9 min