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🍽🇮🇳 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

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 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’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

🚀 Case Study: Swiggy’s IPO Journey 🚀 Swiggy, India’s leading food delivery platform, has been one of the most talked-about companies when it comes to IPO expectations. Here's a quick look at the key aspects of Swiggy's IPO journey: 1. ✍️ Growth Trajectory ✍️ From a small startup in 2014 to a ₹10 billion valuation, Swiggy has expanded its services beyond food delivery, launching initiatives like Swiggy Instamart (grocery) and Swiggy Genie (errands), capturing multiple revenue streams. 2. ✍️ Market Readiness ✍️ Swiggy’s decision to go public was driven by the booming online food delivery market, increased investor interest, and Zomato's successful IPO. However, global economic volatility and tightening market conditions led to delays in its offering. 3. ✍️ Profitability Roadblock ✍️ Despite strong revenue growth, Swiggy faced challenges in achieving consistent profitability. The company reported significant losses, making investors cautious about its financial sustainability. 4. ✍️ Diversification Strategy ✍️ With services beyond food delivery, Swiggy’s IPO narrative focused on its diversification into quick commerce, leveraging technology and logistics for growth, and its long-term sustainability focus. 5. ✍️ IPO Delays ✍️ While Swiggy filed its draft prospectus, it postponed the IPO due to unfavorable market conditions and regulatory considerations. This decision highlights the challenges startups face in timing public offerings amidst volatility. 🚀 Key Takeaways 🚀 Swiggy’s IPO journey reflects the growing pains of scaling a high-growth startup in a competitive, capital-intensive industry. Investors are closely watching how Swiggy will balance expansion with profitability as it prepares for the right market window. #Swiggy #IPO #TechStartups #FoodDelivery #MarketTrends #IndianTech #Investment

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

The Indian startup ecosystem and public market are abuzz with anticipation of one of this year’s most awaited IPOs, Swiggy. However, as analysts and investors dive into the company’s prospects in a market otherwise dominated by its rival Zomato, they are seemingly getting cold feet 👇 The reason? Well, for one, the Swiggy IPO currently raises two major concerns — a high valuation and hefty losses on the books. On top of this, the foodtech platform is now set to increase its IPO size as well. For the uninitiated, Swiggy has received the shareholders’ approval to increase the size of its fresh issue to INR 5,000 Cr from an earlier INR 3,750 Cr. Besides, as per its DRHP, the IPO also comprises an offer for sale (OFS) component of 18.53 Cr equity shares. Together, this could increase the startup’s total IPO size to more than INR 10,000 Cr, expected to be around $1.5 Bn. Swiggy is also eyeing a valuation of $15 Bn, which is higher than the $7 Bn valuation at which Zomato went public. Though the initial response to Zomato’s IPO was great, the stock was under significant pressure in the next one year. Analysts see enough demand in the market for Swiggy’s IPO. However, a valuation discount will only increase the interest for its much-anticipated public offering. Amid debates, discussions, concerns and opportunities, Swiggy’s unlisted shares are trading at INR 485-INR 515 zone in the grey market. Two months ago, its shares were trading at INR 425 apiece. Can Swiggy Replicate Zomato’s Success On The Bourses? 🔗 Read here: https://lnkd.in/gRa36FmB #IPO #Zomato #Swiggy

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

Interesting insights from PrivateCircle. Swiggy and Zomato are spicing up the food delivery game! As Swiggy readies for its IPO, the race for long-term success is heating up, with each serving up its own recipe for growth. 🔥 #SwiggyIPO #Zomato #FoodFight