Brands
Pret A Manger to be available online through Swiggy
Mumbai: In an exciting development for food lovers, Swiggy, an on-demand convenience delivery platform has partnered with Pret A Manger to offer the brands freshly made favourites and organic coffees on delivery for the first time in India. This new partnership aims to make it easier than ever for customers to enjoy Pret’s delicious menu from the comfort of their own home helping to grow the brands presence in Mumbai and Delhi.
After opening the first Pret shop in Mumbai last year, this new partnership with Swiggy will help Pret deliver its freshly made food to more customers than ever before, wherever they are. Pret’s entire shop menu, which consists of fan-favorite dishes like Chicken Super Club granary sandwich, Posh Cheddar Baguette including their range of organic coffees can now be ordered online and delivered in minutes. All freshly made in Pret kitchens each and every day by Pret team members, the menu can now be ordered direct to customers’ homes or offices in Mumbai and Delhi
Mirroring the shop dining experience customers will have the flexibility of tailoring their Barista-made drink orders, meaning Swiggy users can customize which milk or additional add-ons they would like to have in their drink. To ensure the same Pret freshness you get in Pret shops, Pret has implemented strict guidelines and standard operating procedures (SOPs) to guarantee that high standards of food quality and packaging are maintained during delivery.
Announcing the launch on social media, the brands shared a CGI coffee cup being dropped at Gateway of India garnering maximum eyeballs towards this partnership.
Speaking about this partnership, Swiggy national business head Sidharth Bhakoo said, “Swiggy is always looking for ways to bring the best of culinary experiences to consumers. Pret A Manger has been well-loved by users since its debut in India last year. Swiggy is excited to bring them online for the first time to delight and meet the demands of millions of people on the platform.”
Pret A Manger Asia MD Eira Jarvis said, “We opened our first Pret shop in Mumbai last year and since then have continued to grow across the country. We have had great success so far and now have nine shops open across Mumbai in Delhi. We’ve had lots of great feedback from all the customers who have popped in to one of our shops and, with this new partnership, we look forward to continuing to offer even more customers across India our freshly made food and organic coffees wherever, whenever they want.”
Brands
Flipkart completes reverse flip to India ahead of IPO
Walmart-owned e-commerce giant shifts domicile from Singapore to Bengaluru
MUMBAI: Flipkart has completed its restructuring to move its parent company from Singapore back to India, marking a key milestone as the Walmart-owned marketplace prepares for a potential initial public offering on Indian stock exchanges, ET reported, citing people aware of the matter.
The move, often referred to as a “reverse flip”, relocates the company’s legal home to India and aligns its corporate structure more closely with its largest market. It also clears an important regulatory step for Flipkart as it explores listing plans.
As part of the restructuring, several Singapore-based entities have been merged into Flipkart Internet Private Limited, which will now serve as the main holding company for the entire group.
The consolidation brings a number of major businesses directly under the Indian parent company. These include fashion platform Myntra, logistics arm Ekart, travel booking platform Cleartrip, healthcare marketplace Flipkart Health, and fintech venture Super.money.
Under the new structure, global investors including Walmart, Microsoft, SoftBank, and the Canada Pension Plan Investment Board will hold their stakes directly in the Indian entity rather than through an overseas holding company.
The redomiciliation required approval from the Indian government because Chinese technology company Tencent owns around a 5 to 6 per cent stake in Flipkart. Under Press Note 3, investments from countries sharing a land border with India require prior government clearance.
Flipkart had already secured approval from the National Company Law Tribunal in December. With the latest clearance from the central government, the company has now obtained all the regulatory approvals needed to complete the relocation, ET reported earlier.
Flipkart had originally shifted its holding structure to Singapore in 2011 to tap global capital more easily. However, as India’s capital markets have matured, several start-ups have begun returning their domiciles to the country ahead of public listings. Companies such as Razorpay, Groww, and Meesho have taken similar steps.
The company is now expected to move ahead with its IPO preparations and has begun early discussions with merchant bankers. According to people familiar with the matter, Flipkart could file its draft prospectus later this year, setting the stage for what may become one of the most closely watched listings in India’s e-commerce sector.
Flipkart has been majority-owned by Walmart since 2018, when the US retail giant acquired a 77 per cent stake in the company for $16 billion in one of the largest e-commerce deals globally.
