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Swiggy, one of India’s leading food and grocery delivery platforms, is set to go public with its Initial Public Offering (IPO) on November 6. Swiggy plans to raise ₹11,300 crore with shares priced between ₹371 and ₹390 each, potentially bringing its total valuation to $11.3 billion at the upper price band. The public bidding period will close on November 8, with a special window for anchor investors on November 5. Swiggy plans to use the funds to strengthen its quick-commerce services, expand its tech and cloud infrastructure, and boost its marketing efforts to secure a stronger position in a competitive market alongside players like Zomato, Blinkit, and Zepto. For all the details on this exciting IPO, read the full blog here: https://lnkd.in/gTvv8ain #SwiggyIPO #IPO #InvestmentNews #IndiaStartups #StartupIndia #IndianStockMarket #BusinessNews #InvestorAlert #Zomato #Blinkit #Zepto #CEOVINE

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 Eyes $11.3 Billion Valuation at IPO — A Discounted Entry Compared to Zomato India's food delivery and quick-commerce giant, Swiggy, has set its sights on a public valuation of up to $11.3 billion for its upcoming IPO — a significant 57% discount compared to its main competitor, Zomato, which stands at a market cap of $26.2 billion. 💸 The loss-making startup from Bengaluru has priced its IPO shares between ₹371 to ₹390 ($4.41 to $4.64), seeking to raise $1.34 billion in total. Of this, $535 million will come from fresh issuance, with the remaining raised through partial exits of existing investors. Swiggy's valuation would only slightly surpass its early 2022 private market value of $10.7 billion, lagging behind the estimates of major mutual fund backers like Invesco and Baron. 🍕 Swiggy was once a market leader in food delivery and pioneered the quick commerce space in India. But market share shifts have left it trailing in both categories. In the quick commerce sector, for instance, Swiggy has now slipped to third place behind Zomato's Blinkit and Zepto (backed by Nexus). As Zomato looks to further solidify its position with plans for a $1 billion raise through a qualified institutional placement, all eyes will be on Swiggy's IPO performance next month. This IPO is not just a valuation milestone; it’s a defining moment for Swiggy’s future in an increasingly competitive market. https://lnkd.in/e7B5Xnct

As Swiggy gears up for its IPO, here's a snapshot of how it fares against its listed peer Zomato. 📊 Revenue Growth: Both Swiggy and Zomato saw significant revenue jumps after entering the quick commerce space, with Zomato surpassing Swiggy in total revenue in FY2024. 🏗️ Net Assets: Zomato’s fixed assets grew by 350% between FY2022 and FY2023, driven by its Blinkit acquisition, expanding its physical network of dark stores. 📈 YOY Growth: The pandemic years (2020-2022) saw YoY growth volatility due to the food delivery demand spike and post-pandemic correction. However, both companies stabilized their growth rates in 2023 and 2024. 💡 Profitability: While both have reduced losses since FY2020, only Zomato has turned EBITDA positive in FY2024. Data analysis by: Joslin Sequeira   Follow PrivateCircle for more such data-backed insights! 🚀 #FoodDelivery #QuickCommerce #SwiggyIPO #Zomato #Startups #Tech

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

🚀 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

🚀 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

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

**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

🚀 Zomato’s Strategic Fundraising vs. Swiggy’s IPO: What It Means for Quick-Commerce I've been intrigued by the recent fundraising activities of Zomato and Swiggy. In my view, Zomato's decision to raise over $100 million through Qualified Institutional Placement (QIP) ahead of Swiggy's anticipated $800 million+ IPO is a shrewd strategic move. Both companies are clearly positioning themselves for dominance in the rapidly expanding quick-commerce market. 💡 In my analysis, Swiggy will likely use its IPO funds to expand its delivery network, scale up customer acquisition efforts, and enhance its technology for better user experience. On the other hand, I expect Zomato to focus its new capital on bolstering its quick-commerce arm - speeding up deliveries, expanding geographically, and boosting operational efficiency. 🧠 What impresses me most about Zomato's strategy is its timing. By raising funds now, they're ensuring they have the resources to potentially outpace Swiggy and other competitors in the fast-delivery space. I see this as a preemptive strike that could give them a significant edge, allowing them to not only dominate food delivery but also make inroads into the broader e-commerce landscape 🛒. In my opinion, this forward-thinking approach demonstrates Zomato's commitment to staying ahead of the curve. It's a move that I believe positions them well for future success in this highly competitive market. A strategic play for the win! 🏆 What are your views? #ZomatoVsSwiggy #QuickCommerce #IPO #StrategicGrowth #FoodTech #Ecommerce #Startups #Fundraising #TechStrategy #Zomato #Swiggy