Acquiring Company
Hindustan Composites
Acquired Company
Swiggy
IndiaBengaluruManufacturingAutomotiveE CommerceFashionDescription
Hindustan Composites Ltd has announced the acquisition of a stake in Swiggy Ltd, a prominent Indian online food ordering and delivery platform. The acquisition is expected to be completed on or before November 30, with Hindustan Composites aiming to enhance its investment portfolio for both short-term and long-term benefits.
Quick answer
Hindustan Composites is acquiring Swiggy, announced September 3, 2024. Hindustan Composites is based in India.
- How much did Hindustan Composites pay for Swiggy?
- The deal value was not disclosed.
- What does Hindustan Composites do?
- Hindustan Composites specializes in friction materials and is known for its high-quality products.
- Where are Hindustan Composites and Swiggy based?
- Hindustan Composites is based in India. Swiggy is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Hindustan Composites?
- Fundz holds 1 contact at Hindustan Composites. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Hindustan Composites, and when
When Hindustan Composites changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Hindustan Composites raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hindustan Composites, from your own LinkedIn network
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Frequently asked
Who acquired Swiggy?
Swiggy was acquired by Hindustan Composites, based in India. The deal was reported on September 3, 2024. Hindustan Composites specializes in friction materials and is known for its high-quality products. The company has a strong market presence in the automotive sector. Hindustan Composites is privately held and operates in Manufacturing.
When did Hindustan Composites acquire Swiggy?
Hindustan Composites's acquisition of Swiggy was reported on September 3, 2024. Hindustan Composites Ltd has announced the acquisition of a stake in Swiggy Ltd, a prominent Indian online food ordering and delivery platform. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Swiggy do?
Swiggy Instamart is a quick commerce business redefining the way consumers shop in India. With a strong customer focus and brand trust, Swiggy Instamart aims to set new industry standards in the consumer internet industry. It is privately held, operating in E Commerce, and is based in Bengaluru.
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