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Swigggy is bringing an IPO 😎🥳 To Bet Or not to Bet? Swiggy has announced raising funds via IPO worth $1Billion Or 8300Rs crore. As data has not been confirmed as of yet, but , sources believe it could be somewhere at the end of 2024. Along with several new players in the market, like Ola Electric, Firstcry and Awfis swiggy also filed IPO draft papers in 2023. Now the food delivery giant is speeding up the transformation process by converting into a public firm. Today swiggy has a valuation of $9.6billion which is about 80,000crore with over 86 million customers. Swiggy's journey from Tier 1 city to millions of customers makes us wonder with their profound success in a short span. But no doubt their business model and strategies are so amazing. Though Zomato came first, got publicly listed first and even has more market size than swiggy. Zomato is a tough competitor of Swiggy but they have performed so well and capture 80% of the market together What's your opinion is that a swiggy decision to raise funds via IPO is a good opportunity for the company ! Comment your thoughts....! p. s - This discussion is only for education purposes not any recommendations for investment. before making investment decisions consult and take professional advice. #happyinvesting #investment #IPO #swiggy

Swiggy’s initial public offering (IPO) is set to value the company at $11.2 billion, slightly higher than its last valuation over two years ago. The IPO, expected to launch on November 6, will raise ₹11,300 crore, including ₹6,800 crore from a secondary sale and ₹4,500 crore in primary capital. The public issue has attracted investors like BlackRock and SBI Mutual Fund. Prosus, holding a 31% stake in Swiggy, is anticipated to recoup over half of its $1 billion investment by selling a fraction of its stake. Swiggy's previous valuation was $10.7 billion after a $700 million funding round in January 2022. The IPO pricing aims to encourage retail participation, hence it’s set at the lower end of expectations. Founders will also sell some of their shares. Swiggy received approval for its draft prospectus from the capital markets regulator in September and increased its primary capital target from ₹3,750 crore to ₹4,500 crore. Meanwhile, rival Zomato is pursuing an ₹8,500 crore qualified institutional placement (QIP). Which is better, Zomato or Swiggy? comment down below Follow Ansarul for more content #startup #finance #linkedin

Swiggy is hiding something from us!!😱 Yeah, as per some news reports Swiggy is planning for “Confidential IPO” or “Pre-Filing Route” for IPO! So what is Confidential IPO and why is Swiggy planning for same!?? Is it hiding something from us?? ✅ It’s an Optional Mechanism where the issuer company has to file the pre-filed draft offer document with the SEBI and the stock exchanges through its lead manager. ✅ Subsequent to the filing of pre-filed draft offer document, The pre-filed draft offer document will not be made available to public. ✅ So, Company don’t want the DRHP to be visible for the common people before it’s approved by SEBI But the question is — Why is Swiggy going for it in the first place?? Swiggy is going for this approach with an intention to — 🛡️safeguard the sensitive business information until the approval and 🛡️prevent early comparisons with competitors like Zomato. But this very approach can ❌ limit the number of people who would invest in the IPO. ❌ Swiggy might struggle to get a good and fair valuation! ❌ Lastly, It might affect their perception. Company selecting this route are always questioned about their transparency!! To all the value investors out there? What’s your opinion on this decision? Will you invest in Swiggy considering this fact about their IPO? #swiggy #ipo #stockmarket #funding #zomato #fooddeliveryapps #ubereats #ipos **************************************************** Follow me at (CA Aditya Dongre 🇮🇳) for more such finance related content!😌

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

Company - Swiggy Ltd. Market Capitalisation - $15.1 bn NIFTY50 - 25001 📍LPG Increased Fresh Issue Size: Swiggy raised the fresh issue size of its IPO by Rs 12.50 bn, now totaling Rs 50 bn. This brings the overall IPO value to $1.4 billion. 📍Financial Performance: Swiggy's sales rose 36% from Rs 82.65 bn in FY23 to Rs 11.247 bn in FY24, despite a reported loss of Rs 23.50 bn for FY24. 📍Market Position: Swiggy holds about 45% market share in the Indian food delivery business with 16-17 million daily transactions. 📍Strategic Investors: Major investors include Prosus (33% stake), Accel, SoftBank, and Invesco. Prosus is expected to sell a significant portion of its stake during the offer-for-sale phase. 📍IPO Objectives: The funds from the IPO will support Swiggy's expansion, including broadening its services such as Swiggy Genie (pick-up/drop) and Instamart (grocery delivery). Conclusion: Swiggy’s IPO marks a significant milestone, as it aims to raise funds to solidify its leadership in India’s food-tech sector and expand its service portfolio. Rishabh Kale

The buzz around Swiggy's shares in the unlisted market can be attributed to several key factors”💥🔥: Why the Buzz? 1 - Upcoming IPO Speculation: There's significant speculation about Swiggy potentially launching an Initial Public Offering (IPO) soon. Whenever there's IPO talk, it tends to generate excitement among investors as they anticipate potentially high returns once the company goes public. 2 - Success of Zomato IPO: Swiggy's main competitor, Zomato, had a highly successful IPO earlier. Zomato's listing created optimism around similar tech companies, including Swiggy, pushing demand for Swiggy shares in the unlisted market. 3 - Performance in Food Delivery Space: Swiggy has been consistently performing well in India's fast-growing food delivery market. Their diversified services, including Instamart and Genie, are also contributing positively to their brand value, attracting investor interest. The Market Favouring Swiggy? 1 - Valuation Surge: As buzz around Swiggy's IPO grows, its valuation is expected to rise, leading investors in the unlisted market to rush to buy shares. These investors hope to capitalize on the price difference when the stock goes public. 2 - High Demand for Tech Unicorns: Indian tech unicorns, especially in sectors like food delivery and e-commerce, are currently highly sought after. The success of other high-profile tech IPOs has further boosted demand for companies like Swiggy in the unlisted market. 3 - Potential for Future Growth: Investors are betting on Swiggy's long-term growth, especially in areas beyond food delivery, such as grocery delivery (Instamart) and other services. The prospect of tapping into these additional revenue streams adds to Swiggy’s appeal. In essence, the IPO speculation combined with Swiggy's strong performance in a booming sector has fueled a surge in demand for its shares in the unlisted market. #Finance #FinanceNews #StockMarket #IPO #Swiggy #finmint

Swiggy’s Rs 11327 Crore IPO is set to open on 6th November! The offering includes a secondary sale component of Rs 6800 Crore through the offer for sale and Rs 4500 Crore in primary capital. This IPO could be one of India’s largest, with a price band designed to capture investor demand, especially at Rs 379 to Rs 390 per share. In comparison, Zomato’s 2021 IPO raised Rs 9,375 Crore with a high 35X oversubscription. Zomato set a significant precedent, capturing immense market interest and paving the way for Indian food-tech listings. Both IPOs have an Offer for Sale (OFS) element, but Swiggy’s has been recalibrated to align with current investor appetite and exit strategies. Swiggy’s IPO funds will support: ·      Investment in Scootsy – boosts its quick commerce footprint. ·      Expansion of dark stores – It is the factor that Zomato didn’t prioritize. ·      Tech & cloud infrastructure – enhance platform efficiency. Backed by Prosus, SoftBank, and Accel, Swiggy aims to join IPO giants like Hyundai, Paytm, and LIC. Zomato set an impressive benchmark, but Swiggy’s strategic moves in quick commerce add an edge, marking it as a player to watch. Managing Swiggy’s IPO are Citi, JP Morgan, Kotak Mahindra Capital, Jefferies, ICICI Securities, Avendus Capital, and Bofa Securities, with legal support from Cyril Amarchand Mangaldas. Here’s my #Rajspective on Swiggy’s prospects: ·      Swiggy is positioning itself as a next-gen player beyond just food delivery! ·      A renewed Zomato-Swiggy rivalry on the bourses – a battle to watch! ·      Strategic fund allocation for growth – a smart play for long-term value. Will Swiggy’s IPO secure success in today’s market climate? Do you this IPO will be a grand success? #IPO #Investing #startup #funding #growth #India

Swiggy, the Indian food delivery giant, is preparing for its initial public offering (IPO), which has garnered significant attention due to its substantial shareholding pattern. Here’s an overview of the key details regarding Swiggy's shareholding structure as it approaches its IPO: Major Shareholders Prosus Group: The largest investor, holding approximately 30% of Swiggy. SoftBank Group Corp.: A significant backer, although the exact stake is not specified in the latest reports. Elevation Capital: Another notable investor contributing to Swiggy's funding. Meituan: A Chinese investment firm that also holds a stake in Swiggy. Norwest Venture Partners: Part of the group of venture capitalists invested in the company. Tencent Holdings: A major player in the tech and investment space, also invested in Swiggy. dst group Global, Qatar Investment Authority, Invesco Ltd., Hillhouse Capital Group, and GIC are among other investors with stakes in Swiggy. Founders' Holdings Sriharsha Majety: 4.2% Nandan Reddy: 1.6% Rahul Jaimini: 1.2% (Note: Jaimini has transitioned from an operational role) 124. IPO Details Swiggy plans to raise a total of approximately ₹10,000 crore (around $1.25 billion) through its IPO, which includes:A fresh issue of equity shares worth ₹3,750 crore. An offer for sale (OFS) of existing shares worth ₹6,664 crore by current stakeholders 45. This upcoming IPO is seen as a crucial step for Swiggy as it aims to enhance its market position amid stiff competition from rivals like Zomato. The funds raised will be directed towards expanding its quick commerce segment, Instamart, and improving overall operational capabilities. Follow Aman Gupta for more such insight and finance learning 🙏 #Finance #swiggy #zomato #ipo #stock #investment #financeLearning #ofs #softBank #TencentTencent #ElevationCapital #DST #MEITUAN #NorthWestVenture

🚀 𝗦𝘄𝗶𝗴𝗴𝘆’𝘀 𝗜𝗣𝗢: 𝗕𝗼𝗼𝗺 𝗼𝗿 𝗕𝘂𝘀𝘁? 🚀 Swiggy’s upcoming IPO (Nov 6-8) is set at INR 11,700-11,800 Cr, aiming for an $11.3 Bn valuation—just above its last private valuation of $10.7 Bn. But with the Indian stock market’s recent 8% slump, down from its initial $15 Bn target, is Swiggy’s IPO likely to make a mark? 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵: 1. Market Volatility: October’s market correction impacted Swiggy’s target, with fierce competition from Zomato (currently valued at $26 Bn). 2. Financial Health: Swiggy’s net loss rose 8% YoY, though revenue grew 35% YoY in Q1 2024. New offerings like rapid medicine delivery and NRI services show innovation but must drive profits. Is this IPO an attractive entry point or a cautious bet? Time will tell. #IPO #SwiggyIPO #FoodTech #IndianStockMarket #Valuation #Zomato #Investors #lexrangers #Startup #SpaceX

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