Muralidharan B’s Post

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

🚨 Big News in the Indian Food Delivery Market! 🚨 Swiggy, India’s food delivery leader, is set to boost its IPO plans by $150M, aiming to raise up to $1.4B and target a $15B valuation—up from $10.7B last year. 📈 🔑 Key Points: - IPO Plans: $150M fresh issue addition and offer for sale. - Valuation: Seeking $15B, reflecting significant growth. - Financials: $1.4B revenue for FY ended March 2024. - Market Dynamics: Fierce competition from Zomato, BigBasket, and Zepto. Swiggy is gearing up to secure shareholder approval on October 3. With strong backing from Prosus Ventures, SoftBank Investment Advisers, and Accel, Swiggy's ambitious plans mark a major step in its journey. 🔍 Stay tuned as Swiggy navigates the competitive landscape and positions itself for future growth! Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! Source: TechCrunch #FutureTechly #Swiggy #IPO #FoodDelivery #MarketTrends #Investment #Startups #IndiaBusiness

SWIGGY ANNOUNCES $65 MILLION ESOP BUYBACK AHEAD OF IPO: ● Swiggy, India's leading food delivery platform, has announced a landmark $65 million ESOP buyback, its fifth liquidity program, ahead of its highly anticipated IPO. This move will provide employees across all levels with $65 million in liquidity, totaling over ₹1,000 crore in cumulative ESOPs liquidity, benefiting over 3,200 employees. ● Swiggy's commitment to employee wealth creation is evident, with a focus on collaborative excellence. ● Girish Menon, Head of HR, emphasized the importance of employee ownership in driving growth. With an expected IPO raise of $450 million and an OFS component of $800 million, Swiggy's future looks bright! Congratulations to Swiggy on this milestone! We celebrate their success and commitment to employee-centricity. Also what factors and strategies do you think enable Swiggy to undertake this ESOP buyback, and why might other companies not be doing the same? #Swiggy #ESOP #IPO #GrowthMindset #CelebratingSuccess #ecellsati #entrepreneurship #startups #leadership

Big Milestone for Swiggy: IPO on the Horizon! Exciting news from Swiggy as they have officially submitted their first updated Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) valued at ₹3,750 Cr ($450 Mn)! With this, the foodtech giant is gearing up for a massive IPO estimated to be around ₹10,000 Cr ($1.2 Bn). 🔥 The IPO will consist of a fresh issue of ₹3,750 Cr and an offer for sale (OFS) of 18.53 Cr equity shares, with investors like Accel, Alpha Wave, Coatue, Tencent, and others divesting their stakes. The funds will be strategically allocated toward marketing, tech, infrastructure, and inorganic growth through acquisitions, with over ₹929 Cr set aside for promotional activities. In a rapidly evolving competitive market, Swiggy continues to demonstrate strong growth. Despite widening losses in Q1 FY25, their operational revenue surged by 35%, driven by core food delivery and the fast-growing Instamart. 🚀 A shoutout to the stellar leadership team, including cofounders Sriharsha Majety and Lakshmi Nandan Reddy, as well as top executives from across industries such as Anand Kripalu (EPL), Sahil Barua (Delhivery), and Suparna Mitra (Titan), guiding Swiggy through this exciting phase. This IPO marks a pivotal moment not just for Swiggy, but also for the Indian foodtech ecosystem. Wishing the team all the success on this new journey! Find out more at: https://shorturl.at/94BST Swiggy Limited - Updated DRHP: https://shorturl.at/zjILo #Swiggy #IPO #TechNews #FoodTech #IndianStartups #Growth #Investment #BusinessTransformation #lexrangers #INC42

🚀 Zomato Raises $1B in First Major Fundraise Since 2021 IPO 🚀 Zomato, India’s leading food delivery and quick-commerce giant, has raised $1 billion in its first major fundraising round since its 2021 IPO. The company issued 336.5 million shares at ₹252.62 each ($3), with strong support from top Indian mutual funds. 💥 Key Highlights: Largest Investor: Motilal Oswal’s funds secured 20.81% of the shares. Strategic Shift: The fundraising lowers foreign ownership below 50%, enabling Zomato’s quick-commerce arm, Blinkit, to adopt an inventory-led model, allowing better control over products and warehousing. Market Impact: Zomato’s market cap is now about $30 billion, with shares up 127.7% year-to-date. This fundraising round comes on the heels of Swiggy’s $1.35 billion IPO and Zepto’s $350 million raise, signaling an intense competitive phase in the quick-commerce sector, where Zomato aims to maintain its 40% market share. With rivals like Swiggy, Zepto, BigBasket, and new entrants such as Flipkart and Amazon joining the quick-commerce race, Zomato’s strategic move ensures it stays ahead in this rapidly growing industry. Stay tuned for more updates on how Zomato continues to dominate the quick-commerce space! 📈🍔 #CyntexSolutions #Zomato #FoodDelivery #QuickCommerce #FundingRound #InvestmentNews #TechNews #StartupGrowth #BusinessUpdates #Blinkit #IndianTech #IPO #MarketGrowth #Competition #Innovation #TechTrends #IndianStartups #VentureCapital

🚀 Swiggy's Upcoming IPO: Hype or Genuine Potential? 🚀 Swiggy is set to make waves with its highly anticipated $1.25 billion IPO, drawing attention from industry leaders and celebrities alike. With a dominant 45% market share in India's food delivery sector, Swiggy faces the challenge of maintaining its position amidst rising competition from quick commerce players like Zepto and Blinkit. The company's future hinges on effectively navigating the competitive landscape, particularly in the quick commerce segment. As Swiggy prepares for its IPO, it presents both opportunities and challenges for investors. The key question remains: Can Swiggy leverage its strengths to achieve sustainable profitability in a fiercely competitive market? #Swiggy #IPO #FoodDelivery #Investment #MarketTrends #InvestmentOpportunities #Startup #MarketTrends #QuickCommerce #AlinBusiness #FinancialGrowth #TechInvestments #Entrepreneurship #BusinessStrategy #ConsumerTrends #VentureCapital #ProfitabilityChallenges #MarketCompetition #IndianStartups #EconomicGrowth #SustainableInvesting

🚨 Is Swiggy's Valuation Just Hype? 🤔 With so many celebrities and investors rushing to grab a piece of Swiggy before its IPO, it's making waves in the market. But is this valuation really backed by solid growth, or is it just inflated buzz? 💭 In this carousel, I break down: - Why Zomato surged with Blinkit’s success 🏆 - How Instamart is lagging behind in the quick delivery game 📉 - What’s fueling Swiggy’s valuation💸 - The key differences between these two giants that every investor should know before the IPO! 👉 Curious about whether Swiggy’s valuation holds up? Check out the full breakdown in my latest carousel! 🐾 Follow Dhairya Kharbanda for more such insightful and valuable content! #Swiggy #Zomato #Valuation #IPO #Investment #QuickCommerce #Instamart #Blinkit #Finance #Startups #LinkedInCarousel

Swiggy is all set for its IPO in November! Exciting times ahead as Swiggy, one of India's top food delivery platforms, gears up to go public! The company, valued at $9.3 billion as of August 2023, is reportedly looking to raise ₹11,000 crore through this IPO, with a fresh issue of ₹5,000 crore. Backed by big names like Prosus, SoftBank, and Accel, Swiggy is taking the confidential pre-filing route, keeping the details under wraps for now. Interestingly, high-profile investors like Amitabh Bachchan and Raamdeo Agrawal have already bought stakes in Swiggy. If things go as planned, Swiggy will be the second food delivery firm to list after Zomato! With such strong backing and a robust business model, this IPO is sure to draw attention from retail and institutional investors alike. Keep an eye on the market as Swiggy makes its way to the stock exchanges! #SwiggyIPO #FoodDelivery #Investing #StartupSuccess #StockMarket #IPO #TechStartups

📈Baron Capital Ups Swiggy's Valuation to $12.16 Billion. 📊Summary: - Baron Capital Group, a US-based asset management firm, increased its fair value stake in Swiggy, boosting the food delivery giant's valuation by over 13% to $12.16 Bn. - The fair value of Baron Capital's stake in Swiggy surged to $87.2 Mn, up nearly 14% from its initial investment of $76.7 Mn. - Swiggy's anticipated IPO, slated for 2024 with an expected issue size of $1 Bn, underscores the company's growth trajectory and investor confidence. - The food delivery market in India, where Swiggy holds approximately 45% market share, is expected to expand significantly due to rising smartphone penetration and shifting consumer preferences. 🍽️Key Points: - Founded in 2014, Swiggy competes with Zomato in India's food delivery duopoly, having raised about $3.6 Bn in total funding. - In 2022, Swiggy's Series K round led by Invesco doubled its valuation to $10.7 Bn. - Despite a 15% increase in net loss year-on-year to INR 4,179.3 Cr in FY23, Swiggy's operating revenue surged over 40% to INR 8,264.4 Cr. - Swiggy claimed profitability in its food delivery business as of March 2023 and is poised to report over 20% YoY revenue growth in FY24. 💡Insights: - Baron Capital's valuation upswing reflects continued investor optimism in Swiggy's growth prospects and its dominant position in India's burgeoning food delivery market. - Swiggy's forthcoming IPO signifies its maturity as a market leader and its commitment to sustained expansion despite competitive challenges and financial fluctuations. 📊Implications: - Swiggy's evolving financial landscape underscores the dynamic nature of India's startup ecosystem, where market leaders navigate profitability while pursuing aggressive growth strategies. - The IPO will be a litmus test of investor appetite for Indian tech unicorns and could pave the way for other high-profile listings in the country's burgeoning startup scene. Baron Capital's valuation bump signifies a vote of confidence in Swiggy's growth narrative ahead of its highly anticipated IPO. Swiggy #Swiggy #BaronCapital #IPO #FoodDelivery #StartupEcosystem #StartUpNews #BusinessNews #MicroShots #NewsUpdates

Swiggy IPO Off to a Flying Start! Swiggy, one of India's leading food delivery and quick-commerce platforms, made an impressive debut on the stock exchanges recently, with shares listing at a premium over the issue price—clearly reflecting strong market demand. 📈 NSE listing: Shares opened at ₹420, a solid 7.7% above the IPO issue price of ₹390. 📈 BSE listing: Shares started at ₹412, gaining 5.64%. The IPO was open for subscription from November 6 to November 8, with shares offered in the price range of ₹371-₹390. The fresh issue raised ₹4,499 crore through 11.54 crore shares, along with an offer for sale of 17.51 crore shares, totaling ₹6,828.43 crore. It’s inspiring to see how India's startup ecosystem continues to attract investor interest and set new benchmarks! 🚀 #MarketBuzz #IPO #StockMarket #StartupSuccess #Entrepreneurship #Investors #IndianMarket #DigitalGrowth