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Labour code rollout: Gig workers get social security for first time; what it means for Zomato, Swiggy, Uber riders

The newly notified labour codes mark a historic shift for India’s gig economy, formally bringing millions of delivery partners, ride-hailing drivers and platform workers under a recognised social security framework for the first time.The overhaul transitions gig workers from the fringes of the unorganised sector into a regulated system with access to protections such as…

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Festive binge: Diwali charm kicks in, so does love for food deliveries; Swiggy, Magicpin report spike

Cuisine continues to remain at the heart of festivities with Indians ordering more food online as Diwali draws near.Online food delivery platforms like Swiggy and Magicpin have witnessed a huge surge in orders, with even more expected in the coming days. Anshoo Sharma, CEO and Co-founder of Magicpin, told PTI that the platform is preparing…

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Rapido looks to raise $500 million funding: Primary, secondary deals eyes; Swiggy exits 11.8% stake

Rapido looks to raise $500 million funding as Swiggy exits stake Bengaluru-based ride-hailing startup Rapido is finalising a $500-550 million (Rs 4,500-5,000 crore) funding round, combining primary and secondary deals, while Swiggy exits its stake in the company.The move comes as Rapido expands its ride-hailing operations and scales its food delivery platform, Ownly. The primary…

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