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Swiggy Launches ‘Pyng’ App to Address Unmet Demand for Professional Services

Swiggy Launches ‘Pyng’ App to Address Unmet Demand for Professional Services

Swiggy Launches ‘Pyng’ App to Address Unmet Demand for Professional Services

 

Swiggy, India’s top food delivery service, has ventured into the professional services market with the ambitious rollout of its new app, Pyng. Known primarily for its delivery services, the company is now expanding its reach beyond food and into an entirely new market. The app aims to cater to the growing demand for professional services such as personal trainers, yoga instructors, accountants, and many other skilled professionals. With this strategic expansion, Swiggy is tapping into a segment that has largely been underserved, creating new opportunities for both service providers and customers alike.

The Genesis of Pyng

Swiggy has continually proven to be a trailblazer in the Indian market, reshaping the food delivery industry with its groundbreaking approach. Now, with the introduction of Pyng, Swiggy is aiming to redefine the way people access and book professional services. Initially launched under the name ‘Yello,’ the app was rebranded to Pyng, a name that reflects its focus on providing personalized and curated professional services. The platform is designed to connect individuals with trusted professionals across a wide range of industries, ensuring that users can find reliable, vetted services with ease.
Unlike traditional platforms that offer a broad list of services without quality control, Pyng takes a more curated approach. This ensures that users can find not only a large variety of services but also professionals who meet high standards of excellence. With a simple and user-friendly interface, Pyng allows customers to easily browse services, book appointments, and make payments—all in one place. The app promises to enhance the user experience by offering on-time, reliable services with the backing of Swiggy’s established logistics network.

The Professional Services Market: A Growing Opportunity

The professional services market in India has seen significant growth in recent years. As urbanization increases and people lead busier lives, the need for convenient, accessible services such as home tutoring, financial advice, health consultations, and even personal coaching has surged. However, many individuals face challenges in finding reliable and qualified professionals. This is where Pyng steps in, addressing a gap in the market by ensuring that customers can access curated professionals who meet specific needs.
With Pyng, users can book a wide variety of services ranging from health and fitness, beauty treatments, home repairs, tutoring, financial consulting, and much more. By offering a platform that directly connects customers with skilled professionals, Swiggy is seeking to make it easier for users to meet their everyday service requirements, without the hassle of navigating through unregulated listings. This not only saves time but also provides greater peace of mind knowing that the services are vetted and trustworthy.

Swiggy’s Strategic Expansion into Professional Services

For Swiggy, the launch of Pyng is a significant shift in its business model. As the company continues to diversify its offerings, expanding into the professional services space allows it to capture a larger share of the market. In a competitive environment where food delivery is becoming increasingly commoditized, the expansion into other service areas positions Swiggy as a more comprehensive solution to everyday needs.
Additionally, Swiggy’s expansion into professional services opens up an opportunity to access a fresh source of revenue. It will be able to leverage its existing infrastructure, including its logistics network and user base, to seamlessly offer these new services. This, in turn, could help boost customer retention and create more touchpoints with users.
Additionally, this strategic expansion may also enhance Swiggy’s brand perception. Rather than being seen purely as a food delivery platform, the company is now positioning itself as an all-in-one lifestyle service provider. This shift could help Swiggy stand out in the highly competitive digital services market and differentiate itself from traditional players that focus solely on one area.

Market Reception and Early Feedback

Since the app’s launch, early feedback from users has been positive. People have appreciated the intuitive design of the app and the variety of professional services available. Pyng’s curated list of professionals has been a particularly appealing feature, as it provides customers with the confidence that the individuals they are booking services from are not only experienced but also reliable.
Professional service providers, in turn, have also shown interest in the platform. The app offers them an opportunity to tap into a large, growing market of customers who are actively looking for skilled professionals. By providing a reliable platform with integrated payment and appointment systems, Pyng makes it easier for service providers to reach their target audience and manage their businesses more effectively.
As Swiggy continues to develop and improve the app, Pyng is expected to appeal to a wider audience and expand its user base. The company is expected to roll out additional features and expand its service offerings to cover even more industries. The user experience will likely improve as more professionals join the platform, allowing customers to have access to a wider range of services.

What’s Next for Pyng and Swiggy?

Looking ahead, Pyng is expected to evolve with new features and capabilities. Swiggy is likely to enhance its marketing efforts to increase awareness of the app, especially in tier-2 and tier-3 cities where demand for professional services is also on the rise. As the app’s user base grows, Swiggy may consider additional partnerships with leading service providers in various industries, from home services to education and healthcare, to further bolster Pyng’s offerings.

Conclusion

Swiggy’s introduction of the Pyng app marks a daring and calculated initiative to broaden its operations and venture into the rapidly expanding professional services sector. By offering a curated platform that connects consumers with trusted professionals, Pyng has the potential to address a significant gap in the market.

 

 

 

 

 

 

 

The image added is for representation purposes only

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KPMG US and UK units buy 33% stake in India’s KGS for $210 million

KPMG US and UK units buy 33% stake in India’s KGS for $210 million

KPMG’s Strategic Restructure: U.S. and U.K. Arms Acquire One-Third Stake in KGS India
KPMG’s US and UK divisions have jointly acquired a 33% stake in KPMG Global Services (KGS) India for $210 million as part of their strategy to optimize global operations. This deal marks a significant shift in KPMG’s approach to overseeing its service delivery unit in India, highlighting India’s rising prominence as a hub for international operations.

Understanding What KGS India Does

KPMG Global Services (KGS) India was launched in 2008 and functions as a shared services platform supporting KPMG’s global network. Spread across major Indian cities such as Gurugram, Bengaluru, and Hyderabad, KGS plays a key role in enabling KPMG to provide high-quality services worldwide. With over 7,000 professionals, KGS helps deliver functions related to audit, tax, consulting, risk management, and IT support to more than 50 member firms in the KPMG global network.

Over the years, KGS has become essential to KPMG’s back-end operations, offering efficient and cost-effective services thanks to India’s rich talent pool and advanced tech ecosystem. It helps KPMG’s member firms focus more on client-facing tasks while KGS takes care of critical support work.

Details of the $210 Million Stake Purchase

Earlier, ownership of KGS was split equally among KPMG India, the United States, and the United Kingdom, with each holding a 33% share. With this new acquisition, the U.S. and U.K. firms have taken full control of 66%, buying out KPMG India’s stake completely. The deal simplifies the ownership model and gives the American and British firms more centralized authority over how KGS operates going forward.

This kind of ownership restructuring is rare among the Big Four firms and reflects KPMG’s intent to align global operations more closely with the needs of their two largest markets. With only two major stakeholders involved, decisions around technology investments, client services, and workforce planning can now be made faster and with fewer internal hurdles.

Impact on KPMG India

KPMG India’s decision to relinquish its stake in KGS has resulted in a substantial cash inflow of $210 million. This money can be used to strengthen local operations, invest in talent, or develop new services. However, stepping back from ownership also means losing direct influence over KGS’s future direction. The Indian unit will now act more like a client to KGS rather than a joint owner.

This change may also affect internal coordination and decision-making. With the U.S. and U.K. now steering KGS’s direction, there could be shifts in leadership, management style, and even service priorities. Although current operations are anticipated to stay steady, adjustments in workflow and reporting frameworks might develop over time.

India’s Importance in KPMG’s Future

Despite giving up ownership in KGS, India remains a core part of KPMG’s global strategy. The country continues to attract investment due to its strong workforce, technology ecosystem, and cost advantages. KPMG has already announced plans to increase hiring, open more offices, and deepen its presence in India.

The acquisition signals that the U.S. and U.K. arms of KPMG see even greater value in India’s potential and want to maximize that by having direct control over operations. With India being central to global delivery, KPMG is expected to expand its training programs, invest in AI and digital services, and modernize its infrastructure across the country.

Plans for a Larger Advisory Merger: Project Himalaya

While the KGS acquisition is major news in itself, KPMG is also working on an even bigger initiative. Referred to as “Project Himalaya,” this internal project aims to merge the advisory divisions of KPMG in the U.S., U.K., and India into one unified global practice.

If this merger materializes, it would bring together over 50,000 employees across these three regions, creating one of the largest advisory teams in the professional services sector. The move would enable the firm to offer more seamless, cross-border consulting and technology services. It would also help KPMG better compete with rivals like Deloitte and Accenture by building deeper expertise and a more integrated approach to problem-solving.

What Lies Ahead

This acquisition signifies a pivotal shift in KPMG’s approach to its global service delivery framework. With tighter control over KGS and a potential advisory merger on the horizon, the firm is clearly preparing itself for the next decade of professional services – one where speed, efficiency, and innovation will be more important than ever.

KPMG’s bet on India remains strong. The country will continue to be a powerhouse for the firm’s support functions and future innovations. The ownership changes are less about reducing India’s role and more about aligning it more tightly with international strategy.

 

 

 

 

 

 

 

 

The image added is for representation purposes only

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