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Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap. The lossmaking Bengaluru-based company has set an IPO price band of ₹371 to ₹390 ($4.41-$4.64) per share for next month’s IPO. […] https://lnkd.in/dvfFU4-G

From Delivering Dinners to Delivering Dividends, Swiggy is changing the game! 📈 Swiggy’s IPO is here, and here’s where all that cash is going. 💰 With a target of raising ₹11,327 crore—the biggest in Indian food-tech—Swiggy’s setting the table for the future! 🍽️ 🔹 Expanding Instamart: More funds mean more groceries at your doorstep, faster than ever. 🔹 Tech Upgrades: Get ready for AI-driven logistics and smarter, quicker deliveries. 🔹 Reaching New Markets: Swiggy plans to expand in Tier 2 and Tier 3 cities. 📅 Key Dates: IPO opens Nov 6 and closes Nov 8, priced at ₹371-390 per share. 💡 Takeaway: This IPO isn’t just about growth—it’s about Swiggy leading the way in value and innovation. 📈💪 Thinking of investing? 🍕👇 Share your thoughts—are you in, or waiting to see the market reaction? Let’s chat in the comments! #Growth #IPO #Swiggy #Innovation #Investment #Startup

Swiggy's upcoming IPO, as detailed in the draft red herring prospectus (DRHP), marks a major step in the Indian foodtech landscape. With plans to raise up to Rs 3,750 crore via fresh equity and an offer for sale (OFS), the company is preparing to make a significant debut on the public market. Key investors, including Prosus, Accel, Alpha Wave Ventures, and Tencent, are set to offload shares through the OFS, with Prosus leading the divestment at 63.8%. The proceeds will be utilized for strategic investments, such as expanding Swiggy's quick commerce network and dark stores through Scootsy, a subsidiary, as well as enhancing technology and cloud infrastructure. The company is also eyeing acquisitions to fuel inorganic growth and strengthen its competitive stance, particularly in its rivalry with Zomato. Swiggy’s financials reveal substantial growth, with FY24 revenue reaching Rs 11,247 crore, a 36% rise, while losses were reduced by 44%. Despite the competitive pressure from Zomato, which boasts a market capitalization of $29.5 billion, Swiggy's IPO is expected to intensify the battle between these foodtech leaders, particularly in food delivery and quick commerce services. The market will closely watch how Swiggy's public entry affects its standing and whether its focus on quick commerce through Instamart can sustain growth and profitability. #SwiggyIPO #FoodTech #QuickCommerce #Startups #Investing Vandana Tolani

🚀 Swiggy’s IPO: The Battle with Zomato Heats Up! 🍕📈 As Swiggy gears up for its IPO, the Indian food and grocery delivery space is set for a new showdown. While Zomato has leveraged its Blinkit acquisition to capture the grocery market, Swiggy has countered with Instamart and Genie, doubling down on quick commerce and all-in-one convenience. Key Points: 1️⃣ Swiggy’s Diversified Offerings: With Instamart and Genie, Swiggy offers more than just food delivery, building a multi-service ecosystem that can drive frequent user engagement.   2️⃣ Growth vs. Profitability: Zomato’s IPO success raised the stakes, as it’s moving toward profitability with Blinkit’s integration. Swiggy will need a compelling narrative for its growth and profitability path to win over investors.   3️⃣ Customer Loyalty & Expansion: Both platforms have invested heavily in loyalty programs, but Swiggy’s emphasis on delivery reliability and speed could give it an edge in capturing customer loyalty in both food and quick commerce. With the IPO on the horizon, will Swiggy be able to stand out and replicate Zomato’s success? And as competition intensifies, how will each company innovate to stay ahead? P.S: I am not applying in this IPO, as I dont find the GMP attractive, I might enter the stock after it gets listed and valued properly (if the business fundamentals attracts me), but for now, its a NO for me! #SwiggyIPO #ZomatoVsSwiggy #FoodTech #QuickCommerce #IndianStartups #IPO2024

Big News from Swiggy! The Bengaluru-based food and grocery delivery giant is gearing up for its IPO journey! Shareholders have given the green light for Swiggy's IPO, aiming to raise up to Rs 3,750 crore ($450 million) in fresh capital, with an additional offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million). Swiggy plans to secure approximately Rs 750 crore from anchor investors in a pre-IPO round, setting the stage for an exciting debut in the capital markets. This move is part of a wave of new-age startups, including Ola Electric and Firstcry, venturing into the public market arena. At an extraordinary general meeting (EGM) held on April 23, shareholders approved a special resolution, paving the way for Swiggy's IPO aspirations. Notably, Dutch-listed Prosus holds the largest stake in Swiggy, followed by SoftBank and a roster of esteemed investors. The company's cofounders, Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, continue to play pivotal roles in the company's journey. As Swiggy charts its course towards the IPO, its FY23 scorecard reflects robust growth, with a significant jump in revenue despite an increase in net loss. Stay tuned as Swiggy navigates through the IPO landscape, poised to unlock new opportunities and deliver value to its shareholders! #SwiggyIPO #StartupJourney #InvestmentOpportunity https://lnkd.in/dDr52G-x

🚀 Swiggy's IPO Debut: A Look at the Numbers 📊 Swiggy, one of India’s leading food delivery giants, is reportedly gearing up for its IPO. This move isn't just a milestone for Swiggy but a significant moment for the entire Indian startup ecosystem. 🌐 Key Financials Highlight:- Swiggy's much-anticipated IPO launched on November 6, 2024, with a price band of ₹371-₹390 per share. It raised ₹11,327.43 crore, including ₹4,499 crore from a fresh issue and ₹6,828 crore via an offer for sale. The listing on November 13, 2024, was strong, opening at ₹420 per share, delivering a 7.7% gain on debut. a revenue increase to ₹11,634 crore in FY24, up from ₹8,714 crore in FY23, despite a net loss of ₹2,350 crore. 1. Market Leadership: With a vast user base and deep market penetration, wiggy has become synonymous with online food delivery. Its aggressive growth strategies, including expanding into grocery delivery through Instamart, have diversified its revenue streams. 2. Investor Confidence: The backing of marquee investors like SoftBank, Prosus, and Accel reflects the strong belief in Swiggy’s long-term potential. An IPO will provide a much-anticipated liquidity event for these early backers. 3. Sectoral Impact: The IPO could serve as a litmus test for investor appetite in India's consumer tech sector amidst a volatile market. It might also set the stage for similar companies looking to tap public markets in the near future. 4. Financial Performance: Over the years, Swiggy has shown a promising path towards profitability with improving margins. The focus on reducing cash burn, increasing average order value, and optimizing delivery logistics will be key metrics for investors to watch. 5. What to Watch: How will Swiggy balance its growth ambitions with profitability targets post-IPO? And how might this listing influence the competitive dynamics with Zomato, which went public in 2021? Exciting times ahead for the Indian food tech space! 🥳🍕📊 Swiggy Zomato #SwiggyIPO #FoodDelivery #InvestmentOpportunities #IndianStartups #IPOWatch #SwiggyIPO #StockMarket #Investment #FinancialAnalysis

𝗔𝘀 Swiggy 𝗱𝗲𝗯𝘂𝘁𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝘀𝘁𝗼𝗰𝗸 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝘁𝗼𝗱𝗮𝘆, 𝗵𝗲𝗿𝗲’𝘀 𝗮 𝗹𝗼𝗼𝗸 𝗮𝘁 𝗶𝘁𝘀 𝗷𝗼𝘂𝗿𝗻𝗲𝘆. Founded in 2014 by Nandan Reddy, Sriharsha M. and Rahul Jaimini, Swiggy set out to change food delivery in India, aiming for speed, convenience, and reliability. By April 2015, Swiggy had already secured $2 million in seed funding from Accel and Elevation Capital, marking its entry into the competitive foodtech market. In June 2018, the company became the youngest startup to execute a stock buyback, repurchasing $4 million worth of employee stocks. Just a month later, in July 2018, Swiggy raised $210 million in a Series G funding round led by @Naspers (now Prosus Group), joining Zomato as the second foodtech unicorn in India. The momentum continued in December 2018 when Swiggy secured $1 billion in Series H funding, again led by Naspers, positioning itself as a dominant player in the market. A year later, in 2019, Swiggy expanded into financial services by launching its own digital wallet, Swiggy Money, to enhance payment convenience for customers. July 2021 saw the elevation of Phani Kishan Addepalli to co-founder, recognizing his long-standing contributions to the company’s growth. In May 2022, Swiggy diversified further by acquiring Dineout, making its first move into the high-use dining-out segment. Ahead of its IPO, Swiggy launched its fifth ESOP liquidity program worth $65 million, demonstrating a strong commitment to its employees. In 2024, the company made its debut on the Indian stock exchange with an IPO worth ₹11,327 crore, positioning itself alongside its chief rival, Zomato. For more details, visit: https://lnkd.in/gZZCWDjy #swiggy #foodtech #ipo #unicorn #swiggyjourney #timeline #zomato #investors #swiggyinstamart #stockexchange #timeline

**Is Zomato's $1B Fundraise a Game-Changer in the Quick Commerce Battle Against Swiggy?** 🚀 Exciting times ahead in India's food delivery landscape! Zomato has just announced its board’s approval to raise a whopping $1 billion through a qualified institutional placement—marking its first significant funding move since its 2021 IPO. As the competition heats up with Swiggy gearing up for its public debut, this bold step by Zomato raises an important question: What strategies should food delivery platforms leverage to outpace their rivals and capture market share? The healthy rivalry between these two titans is set against the backdrop of rapid growth and evolving consumer preferences in the quick commerce sector. With Swiggy polishing its IPO plans, stakeholders are eagerly speculating how this fundraise might not only bolster Zomato’s operational capabilities but also reshape their marketing and expansion strategies. This sudden surge of capital could be pivotal, potentially allowing Zomato to enhance technology infrastructure, improve customer experience, and diversify service offerings. As they prepare for what lies ahead amid mounting competition, it will be interesting to see how both companies adapt and drive innovation within the market. Let’s discuss: How do you think this funding will change the dynamics of quick commerce between these formidable competitors? Will it lead to significant advancements in service or merely offer temporary advantages? ✨ Also, if you're passionate about driving innovation within your own business or startup endeavors, let's connect! I’m here to help you navigate corporate innovation successfully. Book a meeting today: https://lnkd.in/dFYwmbHq #Zomato #Swiggy #IndiaFoodDelivery #QuickCommerce #Funding #CorporateInnovation #StartupEcosystem #IPOnews #TechNewsIndia #FoodTech Read more about this development here: https://lnkd.in/dHF2kBtz

Foodetch giants Swiggy and Zomato have been up against each other for a while now – with both companies fairing rather well in their financials. In FY24, Zomato outpaced Swiggy with a 71% growth in operating revenue compared to Swiggy's 36%. Zomato earned Rs 6,361 crore from its food delivery services, just ahead of Swiggy's Rs 6,100 crore. In the grocery delivery segment, Zomato's GMV was Rs 2,310 crore, while Swiggy trailed at Rs 1,100 crore. Zomato, which went public in 2021, seems to be on the safe side with profits of Rs 351 crore. Comparatively, Swiggy, under Sriharsha M., has yet to pull through to the other side, currently witnessing a loss of Rs 2,350 crore. Swiggy recently received approval in April for an IPO. Deepinder Goyal #zomato #swiggy #fy24 #financials #profits #losses #ipo #stocks #listed #startups #indianstartups #gmv #fooddelivery #grocerydelivery #quickcommerce #deepindergoyal #shriharshamajety #revenue #operatingrevenue #foodtech