Surya Shanmugam’s Post

🚨 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’s Public Listing: What Lies Ahead? 📊 As Swiggy prepares for its highly anticipated public listing, comparisons with Zomato are inevitable. While both dominate the food delivery landscape in India, the real question is: can Swiggy mirror Zomato’s stock success? 📈 Zomato, which went public in 2021, has seen impressive growth, with its stock price tripling in the past year. The key difference? Zomato is now profitable, posting a revenue of INR 12,114 Cr in FY24 and a profit of INR 351 Cr. Meanwhile, Swiggy, despite being close to Zomato’s total revenue at INR 11,247 Cr, reported a loss of INR 2,350 Cr. 🛵💼 The market is watching closely as Swiggy steps into the public arena. Will it replicate Zomato’s success? Only time will tell. ⏳ #Swiggy #Zomato #StockMarket #PublicListing #TechNews #FoodDelivery #Startups #Investing #BusinessStrategy #QuickCommerce #IPO #IndiaTech #Ecommerce #Growth

With Swiggy’s IPO around the corner, the numbers are impressive: they’re looking to raise around $800 million to $1 billion, with an expected valuation between $10 to $12 billion. This is putting it in close competition with Zomato, which currently holds a valuation of around $9 billion. This isn’t just another IPO—it’s a defining moment that underscores the massive growth of India’s startup ecosystem. It also highlights the dominance of two key players in India’s food delivery landscape. On one side, what started as a simple idea of food delivery is now a major digital player, reshaping convenience and consumer expectations across India. Swiggy’s IPO is poised to inspire more entrepreneurs and investors, showing that bold ideas backed by resilience can make it big. On the other side, Swiggy and Zomato have effectively created a duopoly, making it incredibly challenging for new entrants to carve out a substantial market share. With Swiggy’s expansion into quick commerce through Instamart, it’s pushing the boundaries beyond just food delivery, setting new expectations for convenience in India’s urban centres. This IPO not only underscores Swiggy’s journey but also signals broader shifts in consumer behaviour and market dynamics. The question for businesses across industries becomes: How can we adapt, innovate, and compete in a market increasingly led by giants? (PB: Ai generated image.) #SwiggyIPO #Zomato #FoodDelivery #Duopoly #IndianEconomy #StartupEcosystem #Innovation

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 reported 30% revenue growth and reduced losses in Q2FY25, aiming for positive EBITDA by Q3FY26. Its core food delivery business is already profitable, with margins improving quarterly. New initiatives like Bolt, a 10-minute delivery service, now account for 5% of total food orders. Food delivery revenue rose 18% to ₹1,808 crore, while monthly transacting users increased to 14.7 million.  Swiggy is focusing on expanding Instamart in the competitive quick commerce space, where it lags behind Blinkit and Zepto. Instamart's revenue grew from ₹240 crore to ₹513 crore YoY. Swiggy holds ₹9,070 crore in cash, supporting its competitive growth strategies against Zomato and Zepto.  Follow us for more updates!   Visit www.kartto.com for more information.  #Swiggy #FoodDelivery #QuickCommerce #Instamart #BoltDelivery #Zomato #Zepto #Blinkit #ECommerce #TechInnovation #RapidDelivery #BusinessGrowth #RevenueGrowth #Profitability #Startups #IPO #CustomerExperience #FoodTech #TechStack #IndiaStartups #MarketCompetition

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

Today, Swiggy’s Rs 11,300 crore IPO has turned its 5,000 employees into crorepatis! Amidst the celebrations, Zomato’s CEO, Deepinder Goyal, has wise advice that’s worth a listen, drawn straight from his own experience. When Zomato went public in 2021, many of its employees also found themselves with life-changing wealth. And while financial security is a gift, for some, it brought unexpected changes. People who were once super driven began to feel a little too comfortable. Financial security is amazing, but sometimes, it can make people lose that hunger to achieve more. Seeing this, Goyal had to make tough calls to help his team reignite that fire and keep pushing forward. Now that Swiggy employees are enjoying their big moment of success, I think it’s the perfect time to pause and think about the bigger picture. Celebrating this milestone is important, but it’s also an opportunity to use it as a foundation for the future. Because at the end of the day, financial security is fantastic, but it’s the passion, the excitement, and that hunger for more that truly push a company like Swiggy forward. Money can bring comfort, but it’s that fire inside that drives real progress and innovation. And can’t we all relate? Whether we’re working for a startup, a MNC, or building something of our own, true success isn’t just about money. It’s about having a purpose that keeps us going every day with excitement. So here’s to Swiggy’s big win - a reminder that the journey is just beginning! Swiggy’s Rs 11,300-crore IPO isn't just a success for the company; it’s a big win for employees, #investors, and India’s entire startup ecosystem! The food delivery giant debuted on the NSE India at Rs 420, a 7.69% premium over its IPO price of Rs 390, and the response was overwhelming, with subscriptions reaching more than 3x the initial offering. Here’s to Swiggy, its team, and all the exciting opportunities ahead! #startups #entrepreneurship #SwiggyIPO #stockmarket #innovation #career #tech #fooddelivery

Food and grocery delivery startup Swiggy is poised to file its draft red herring prospectus (DRHP) this weekend, as confirmed by sources familiar with the matter. The company's confidential filing is nearing approval from the market regulator, Sebi, paving the way for its much-anticipated IPO. Once the DRHP is filed, Swiggy’s management is set to engage in investor roadshows across India, the US, and Singapore in the coming weeks. This public issue has garnered significant attention amid a wave of new-age economy IPOs that are leveraging a thriving bull market. “The time gap between a DRHP and RHP for a confidential filing is typically lesser as the market regulator has already gone through the information,” said one insider. While Swiggy did not immediately respond to requests for comments, industry watchers note that the company has recently upsized its IPO to $1.4 billion. This move comes amidst escalating competition in the online grocery delivery sector, where Swiggy’s platform, instamart, faces rivals like Zomato-owned Blinkit, Zepto, and Tata-owned bigbasket.com. Read more at:https://lnkd.in/gAMzs8QV #swiggy #ipo #foodtech #startupnews #startupstory

Today, Swiggy marked a historic IPO, creating over 5,000 new crorepatis among its employees. But as Swiggy celebrated, Zomato shared in the spotlight with a heartfelt post, showing that a brand confident in its own journey can celebrate the wins of its competition. Just last month, Zomato and Swiggy appeared less friendly, with Deepinder Goyal hinting at rivalry over Shark Tank sponsorship. Now, Zomato applauds Swiggy’s IPO, and Swiggy calls them ‘Jai and Veeru,’ showing a rare camaraderie. Is this a genuine olive branch or just smart marketing? Either way, it’s inspiring to see Indian startups cheering each other on. #Swiggy #Zomato #HealthyCompetition #IPO #StartupIndia