Swiggy has over 200,000 delivery partners and about 1,000 of them are women delivery partners.
The deceased did not mention any precise reason nor leave a suicide note.
These will be the third (in July 2022) and fourth (in July 2023) such liquidity events by the company. The first was in June 2018 and the second was in November 2020, the statement said.
Finance Minister Nirmala Sitharaman explained that the purpose was to ask food delivery apps to collect and deposit GST with the government, instead of what is currently done by the restaurants.
Swiggy said it has launched the 'Jumpstart 2.0' initiative to support its restaurant partners in the recovery and revival of their business.
The company has also partnered with Hero Lectro and Fast despatch logistics to enable end-to-end delivery of its orders through cargo e-cycles, Swiggy said in a statement.
This comes close on the heels of the closure of competitor Zomato's mega initial public offering (IPO) which gives Zomato a valuation of Rs 64,365 crore.
Two major developments have swung the pendulum away from food and restaurant services, in favour of the delivery aggregators.
Issues such as bundling of services, data masking and exorbitant commissions charged, deep discounting, violation of platform neutrality and lack of transparency have been flagged in the submission.
The care package, named 'Swiggy Suraksha' covers a host of services such as stronger financial support and hospitalisation cover for delivery partners and their families affected by COVID-19
Majety noted that the round gives the company a lot more firepower for investments.
In the first tranche of the programme, 5,500 of Swiggy's delivery partners, aged 45 and above will be eligible to opt-in for the vaccination, Swiggy said in a statement.
With the pandemic's shadow on public gatherings, the survey claimed that Delhi-NCR will lose Rs 200-250 crore in just one night