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Swiggy vs. Zomato: The Race to IPO Heats Up 🔥 While Swiggy's food delivery business is turning a profit, its quick commerce segment, Instamart, is facing significant losses despite revenue growth. As the $1.25 Bn IPO approaches, the competition with Zomato intensifies. Key takeaways: Zomato leads in monthly active users and gross order value. Swiggy's Instamart losses could impact its IPO valuation. Quick commerce is a key differentiator for Swiggy. What are your thoughts on this high-stakes battle for market dominance? 🤔 #swiggy #zomato #instamart #blinkit #quickcommerce #ipo #fooddelivery #startup #india #business #competition

🚀 Exciting News in India’s Startup Ecosystem: Swiggy IPO on the Horizon! 🚀 Swiggy, one of India’s leading food and grocery delivery platforms, is ready to go public. This eagerly awaited IPO aims to raise around INR 11,000 crore, fueling Swiggy’s ambitions for growth and strengthening its position in the competitive digital delivery space. With a pre-IPO valuation around $11.2 billion, Swiggy’s expansion into quick-commerce (Instamart) and innovative services like Swiggy Genie add even more value to its potential. For investors, this IPO represents a unique opportunity to support a major player in India’s fast-growing tech ecosystem. While Swiggy’s rapid growth and diversified services are promising, potential investors should consider factors like the company’s profitability path and competition in the food delivery and grocery sectors. Stay tuned as Swiggy’s journey unfolds on the public market! #SwiggyIPO #FoodDelivery #Investing #TechIPO #IndianEconomy #DigitalTransformation #Instamart #QuickCommerce #Connections

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, India’s food and grocery delivery leader, is all set to launch its IPO between November 6-8 with a price band of Rs 371 - 390 per share, targeting a whopping $1.35 billion (Rs 11,700 crore)! With a revised valuation of $11.3 billion, Swiggy aims to join the ranks of India’s biggest IPOs. Backed by big investors like Prosus Group, SoftBank, and Accel, this IPO will test market appetite for food tech, especially as other major IPOs have faced a bumpy start. Is Swiggy’s IPO on your watchlist? 🧐 #swiggy #ipo #fooddelivery #investments #quickcommerce #indianstartups #instamart #prosus #foodtech #startupstory

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

Swiggy's IPO has gained significant interest in the unlisted market, with shares surging to Rs. 490! The growing trade volume and rising demand indicate Swiggy's potential as a top-performing share in the market. Krishna Patwari, Founder & MD of Wealth Wisdom India Private Limited, applauds Swiggy's remarkable journey and the investor excitement around its growth story. This is a clear testament to India's thriving startup ecosystem. Read more: [Swiggy Shares Selling Like Hot Cakes in Unlisted Market](https://lnkd.in/ddRpYiZB) #Swiggy #SwiggyIPO #UnlistedMarket #InvestmentTrends #WealthWisdom #StartupEcosystem #IPOInsights

Swiggy plans to raise ₹5,000 crore in fresh capital in its upcoming IPO, up from the ₹3,750 crore initially proposed, and has called an EGM on October 3 for shareholder approval. In total, the IPO could reach ₹10,400 crore, with Swiggy aiming for a $15 billion valuation. The company recently posted a 36% increase in operating revenue to ₹11,247 crore for FY 2024 while reducing net losses by 44%. Swiggy continues to compete in food delivery with Zomato and in quick commerce with Blinkit, Zepto, and others. By Hitanshi Kothari Link – https://lnkd.in/dHjuSCNz #SwiggyIPO #StartupIndia #FoodDelivery #QuickCommerce #SwiggyGrowth #IndianTech #SwiggyVsZomato #IPOAlert #TechIPO #StartupFunding #QuickCommerceRace #SwiggyExpansion #TechValuation #IndianMarkets #Investing #TeamMarksmen #MarksmenDaily #inFocus

Zomato rival Swiggy has slashed its IPO to $11.3 billion, 25% below the initial goal of $15 billion amid market volatility and the lackluster debut of Hyundai India, Reuters reported. Swiggy does not want a "bad IPO," a person aware of the development said. Earlier, it was reported that Swiggy is aiming for a $12.5 billion-13.5 billion valuation for its upcoming IPO. #swiggy #food #delivery #ipo #Investors #news #startup #Indianstartupnews

🚀 Noteworthy News in the IPO Space: Swiggy Sets Sights on $12 Billion Valuation! 🍽️📈 Swiggy, the leading food and grocery delivery platform, is gearing up for its highly anticipated IPO, targeting a valuation between $11.7 billion and $12.7 billion. With bids already rolling in from anchor investors, the company aims to launch in the first half of November 2024, contingent on market conditions. 🔍 Key Details: IPO Structure: Featuring a fresh issue of ₹3,750 crore and an offer for sale (OFS) of up to 182.3 million shares. There's potential to increase the fresh issue to ₹4,500 crore, which could push the total IPO size to over ₹12,000 crore (around $1.42 billion). Competitive Landscape: Swiggy faces competition from Zomato's Blinkit, Zepto, and Tata Group's bigbasket.com as it moves closer to its public offering. Major Investors: Backed by industry giants like Prosus (32%) and SoftBank (8%), Swiggy is well-positioned for this pivotal moment. With seasoned investment banks like Kotak Mahindra Capital and Citigroup at the helm, this IPO promises to be a significant event in the market. #IPO #Swiggy #FoodTech #Investment #StockMarket #FinanceNews #BusinessGrowth #Startups #VentureCapital #Ecommerce #TechNews #MarketTrends #FoodDelivery #IndiaStartups #PublicOffering #SEBI #InvestorRelations #BusinessStrategy #Entrepreneurship

🚀 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