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Swiggy’s Q2: Net loss drops nearly 16%, revenue rises 36%; What sells? The celebrity or the product?

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Swiggy’s Q2: Net loss drops nearly 16%, revenue rises 36%; What sells? The celebrity or the product?

The company’s AI-native commerce platform fastrr has partnered with Vegorama Group, which operates Punjabi Angithi, and Bikkgane Biryani, to help the restaurant brands manage direct orders, customer engagement, and hyperlocal deliveries.

In recent times, restaurants have been exploring ways to drive orders through their own digital channels instead of relying solely on third-party food aggregators. Direct channels give restaurants greater access to customer data and more opportunities to engage with diners after a purchase.

Meanwhile, Bengaluru-based digital trust company eMudhra has decided to exit its global website security certificate business, following a security incident involving weak cryptographic keys that prompted action from Google and Mozilla.

In a regulatory filing on Thursday, the company said its board had decided to voluntarily withdraw from the business, citing rising compliance costs, increasing data sovereignty requirements and diminishing commercial returns.

In other news, rural healthcare platform CureBay has raised Rs 100 crore in a pre-Series C funding round led by IvyCap Ventures. The round comprises Rs 69 crore in equity from IvyCap Ventures and existing investors, and more than Rs 30 crore in debt from Trifecta Capital, Alteria Capital, and VentureSoul Partners. 

CureBay will use the funds to expand its operations across India, strengthen its healthcare delivery network, and develop its technology and AI capabilities.

Major US banks have detected AI agents lurking inside customer accounts. Some of these ​unauthorised third-party agents are even ‌attempting to act independently, Axios reported. Banks including ‌Morgan ⁠Stanley, Bank of America, JPMorgan, and Wells Fargo ​are working to curb these risks.


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