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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

Real risk with Swiggy's IPO is actually the existing set of investors who might be desperate for their 6 month lock-in to end! Lets take the example of Zomato: The ownership structure amongst Top 10 shareholders of Zomato didn't change for 1 year as they weren't allowed to sell as per the regulatory lock-in of pre-IPO investors (tenure now reduced to 6 months). But the moment regulatory restriction got over, in span of next 24 months, top 7 of 10 investors completely exited as they kept reducing their stake month after month. In fact, Zomato has witnessed PE/VC funds selling of roughly 50% of its total equity capital in open market in the last 2 years, constantly adding to the free float. The names include **Softbank, D1 Capital, Tiger Global, Sequoia, Tencent, and many more!** Importantly, the day when the lock-in had got over for Zomato's pre-IPO investors, shares worth Rs 1,000+ crore were up for sale immediately and investment bankers were building a book for block deals at price as low as Rs 44/share which was significantly below IPO price of Rs 76/share. Well, I am not saying Swiggy will have similar fate as a lot will also depend on the global macros post lockin gets over, but one must remember that global PE/VC funds are no way similar to promoters who continue holding in a big way - These funds have obligations to their own set of LPs and sooner or later, they will have to exit from the stock - adding to the free float in a big way within short to medium time frame. Read more about how Zomato's shareholding pattern has evolved over the years on our website. Link is in the comments below⬇️ ****************************** Not a subscriber yet? Follow Finding Outperformers & subscribe for free today! (Pic source: ET Tech)

Hey folks! 🚀 Big news from the food delivery giant, Swiggy! On Thursday, they spilled the beans about their plan to raise a whopping 37.5 billion rupees (that’s around $448.56 million, in case you were wondering) through their initial public offering (IPO). This isn’t just any IPO; it’s shaping up to be one of the biggest listings in India this year! 🎉 So, here’s the scoop: in their draft prospectus, our friends over at Swiggy revealed that some of their existing shareholders, including big names like Accel India and Tencent Europe, are looking to sell around 185.3 million shares. Wow, talk about a massive exit! Now, let’s get a bit more into why this is happening right now. This IPO comes at a time when the market is on fire! 🔥 As of September 4, we've already seen 198 companies raising a crazy $7.1 billion. That's more than double what was pulled in during the same period last year! This just goes to show that there’s a ton of enthusiasm and positive vibes around public listings in India’s ever-evolving financial scene. So, what do you all think about this IPO buzz? Could Swiggy’s listing pave the way for more exciting opportunities in the market? Let’s chat about it! 

How Swiggy is Gearing Up for a Blockbuster $1.2 Billion IPO Swiggy is aiming for a public offering worth a staggering $1.2 billion, with a mix of fresh issuance of shares and an offer for sale (OFS) by existing investors. Here's why Swiggy may be on the road to a successful IPO: - Valuation Race Swiggy has been discussing with its investors to solidify its valuation before the IPO. Recent reports suggest US-based fund manager Invesco marked up Swiggy's valuation to $12.7 billion, a significant increase from their previous assessment. - Zomato's Influence Swiggy's listing plans likely draw inspiration from its arch-rival Zomato's successful IPO in 2021. Zomato's strong performance on the stock market might be giving Swiggy confidence for its debut. - Confidential Approach Swiggy has opted for a confidential filing process, keeping IPO details under wraps for now. But the key questions remain: - Financial Performance While Swiggy is aiming for a high valuation, its financial health remains a crucial factor for investors. Will the company be able to demonstrate profitability or a clear path to achieving it? - Market Conditions The overall market sentiment will significantly impact the success of Swiggy's IPO. Economic conditions and investor confidence will play a major role. What do you think about Swiggy's IPO? Do you think they can achieve a $1.2 billion valuation? Disc: Views are my own and not of my employer. #swiggy #zomato #ecommerce #startup #IPO #fooddelivery

Swiggy's IPO: A Star-Studded Event or Just Another Exit for VCs? Investors like Karan Johar, Rahul Dravid, Amitabh Bachchan, and Madhuri Dixit have already backed Swiggy. What's next? Here’s what I found: 1.IPO Structure: Swiggy's ₹10,000 crore IPO includes a fresh equity issue of ₹3,750 crore and an Offer-for-Sale (OFS) of 18.52 crore shares. Around 60% of the proceeds will provide an exit to early investors like Accel, Prosus, and Tencent. Only 40% will fuel Swiggy’s operations and growth. 2.Profitability Concerns: Despite reducing losses by 43%, Swiggy still recorded ₹2,350 crore in losses in FY24. The company continues to face fierce competition in the quick commerce space, with Zomato's Blinkit leading the race. 3.Big Bets on Quick Commerce: Swiggy plans to invest ₹559 crore in dark stores, but it’s still trailing behind Blinkit in terms of speed and market presence. A strategic move? Time will tell.... 4.Celebrity Hype: With notable personalities and pre-IPO shares up by 40% in the unlisted market, the buzz around Swiggy is real. But does that mean it's a good investment? The fundamentals suggest caution!! 5.Valuation: Swiggy is targeting a $15 billion valuation, inching close to its rival Zomato, whose stock has soared 125% this year. But can Swiggy replicate such success post-IPO? 🎯 Key takeaway: Pre-IPO investing is always tricky, especially when 60% of funds go towards exits for early backers. Do your homework; there are better options in the listed markets. "Hit like if you're cautious, comment if you're bullish!" #SwiggyIPO, #StartupIPO, #VCExit, #QuickCommerce, #TechInvesting, and #MarketInsights

Swiggy gets shareholders’ nod to float $1.25 Bn IPO💰 Foodtech giant Swiggy is inching closer to a much-anticipated public debut! According to Entrackr, the Bengaluru-based company has received approval from its shareholders to float an initial public offering (IPO) of up to Rs 3,750 crore ($450 million) through fresh issue of equity shares and an offer for sale (OFS) of up to Rs 6,664 crore ($800 million). Swiggy’s revenue stood at Rs 8,265 crore in FY23 whereas its losses soared to Rs 4,179 crore. Further, the firm booked Rs 5,476 crore in revenue from operations and Rs 1,600 crore loss during the first three quarters of the financial year FY24. What This Means for Swiggy: A successful IPO could bring several benefits for Swiggy: - Growth Capital: The influx of funds could fuel Swiggy's expansion plans, including opening new dark kitchens, investing in technology, and potentially entering new markets. - Enhanced Brand Credibility: A public listing can solidify Swiggy's position as a leading player in the Indian foodtech space and attract new investors and partners. - Increased Scrutiny: Being a publicly traded company also brings greater public scrutiny and pressure to deliver strong financial performance. The Indian Foodtech Landscape Heats Up: Swiggy's IPO plans come amidst a dynamic foodtech industry in India. This could lead to: - Intensified Competition: Increased competition from rivals like Zomato and rising regional players, all vying for market share. - Focus on Innovation: Companies striving to differentiate themselves through service offerings, technology, and customer experience. - Consolidation Potential: Mergers and acquisitions as companies seek to gain a competitive edge. What are your thoughts on Swiggy's upcoming IPO? Share your insights and predictions in the comments below. #Swiggy #IPO #Foodtech #India #PublicListing #Investment #Growth #Competition #Innovation #Market #FutureofFood #startup

Swiggy’s $1.4 Billion IPO vs. Zomato’s $1 Billion Fundraise! While Swiggy is preparing for one of the largest IPOs this year, Zomato is also getting ready to stay competitive. The Gurgaon-based food delivery giant recently announced a $1 billion raise through a qualified institutional placement (QIP), to strengthen its balance sheet in rising competition. This is what is happening in the quick commerce space: —> Despite a market correction that led Swiggy to adjust its valuation, investor interest remains intense. Major global players like Norges Bank and Fidelity have placed bids worth over $15 billion, 25 times more than the $605 million allocated for institutional investors alone. —> While Zomato and Swiggy are the dominant players, this space also has new entrants like Zepto and BigBasket. To compete, Zomato’s CEO Deepinder Goyal emphasized that their latest fundraiser will help "level the playing field" with competitors who continue to attract fresh capital. —> This IPO and Zomato’s capital raise highlight the opportunity in India's $100+ billion e-commerce sector. Swiggy’s IPO shows its intent to expand tech capabilities and optimize logistics. Zomato’s move shows a strategy to maintain financial flexibility to explore avenues of growth. Both companies recognize that staying competitive in this space will require capital reserves. While they are competing, it will be interesting to see how they innovate and expand the future of instant delivery. So, are you team Zomato or Swiggy? #quickcommerce #IPO

🚀 Swiggy’s IPO Buzz: A Closer Look at the Numbers vs. Zomato! With Swiggy heading for an IPO, it’s a perfect time to look at how the two food delivery giants stack up. 📊 Let’s dive into their FY24 financials: 💰 Revenue: • Swiggy: ₹11,247 Cr • Zomato: ₹12,114 Cr 📉 Net Profit: • Swiggy: -₹2,350 Cr • Zomato: ₹351 Cr 🍽️ Gross Order Value (GOV): • Swiggy: ₹24,700 Cr • Zomato: ₹32,224 Cr 💵 Average Order Value (AOV): • Swiggy: ₹428 • Zomato: ₹428 👥 Monthly Transaction Users: • Swiggy: 12.7M • Zomato: 18.4M 🏢 Restaurant Partners: • Swiggy: 1,96,000 • Zomato: 2,47,000 🏙️ Cities Present In: • Swiggy: 653 • Zomato: 700+ 💸 Earnings Per Share (EPS): • Swiggy: -₹8.6 • Zomato: ₹0.41 📈 What’s the Play? Swiggy might be reporting losses, but their growth potential, strong GOV, and loyal user base are key aspects to consider. As Swiggy prepares for its IPO, the market could see a strong competition with Zomato. Which one are you rooting for? 🏆🍽️ 👉 Join the conversation: What do you think about Swiggy’s IPO prospects in the food-tech space? Could it be the next big thing, or is Zomato already too far ahead? #SwiggyIPO #FoodTech #ZomatoVsSwiggy #Startup #Investing #Tech #Fintech #MarketAnalysis #NeuroFinance

🍽🇮🇳 Swiggy’s IPO, valued at nearly $11 billion, is the latest headline in India’s food-tech sector, highlighting the company’s ambition to challenge Zomato’s stronghold in the food delivery and quick-commerce spaces. 📈 Swiggy’s offering, which closed on November 8, 2024, is expected to raise approximately $1.36 billion, positioning it for growth but also drawing attention to ongoing challenges in profitability and market share. As Swiggy steps onto the public stage, questions arise about its ability to compete with the already-profitable Zomato. 🤖 TFN takes a look at whether Swiggy’s $11B IPO can compete with Zomato’s market presence: https://lnkd.in/eEFggcb7 Deven Choksey #tech #funding #news #fooddelivery #startup #VC #investment #IPO #technology

Recently, Swiggy's massive $1.35 billion IPO went live, and everyone was having a field day. From Zomato to Netflix, everyone jumped on the trend and celebrated it like a Jai and Veeru Moment. Here’s how the IPO went down: ► Subscription and Scale   - The IPO was subscribed 3.59 times on the final day, led by strong interest from Qualified Institutional Buyers (QIBs), who subscribed 6 times their allotted quota.  - However, High Net-Worth Individuals (HNIs) showed less enthusiasm, with just 41% subscriptions. Retail investors subscribed 1.14 times.  ► Valuation and Offering Size  - Swiggy is raising ₹11,328 crore ($1.35 billion) through this IPO, making it the largest consumer tech IPO in Asia this year and the second-largest public offering in India.  - The company set a price band of ₹371-₹390 per share, slightly above its last private valuation of ₹358 per share.  ► Anchor Investors and Grey Market Trends  - Swiggy raised ₹5,085 crore ($605 million) from anchor investors, including domestic funds like SBI Mutual Fund, Axis Mutual Fund, and global players like Blackrock and Fidelity.  - Swiggy’s shares peaked at ₹535 in the grey market but recently dropped to ₹435, reflecting market volatility.  ► Comparison with Zomato  - Rival Zomato’s IPO in 2021 was a blockbuster, oversubscribed 38.25 times compared to Swiggy’s 3.59 times.  - Swiggy’s post-IPO valuation is $11.3 billion, at a 55% discount to Zomato’s market cap of $25.4 billion.  ► Key Numbers and Returns for Investors   - Early backers like Accel and Elevation Capital are making 35x and 34x returns, respectively, while largest shareholder, Prosus will trim its stake to 25% post-IPO with a 3x return.  This was a big moment for the food delivery giant, what do you think comes next for Swiggy?