TheKredible’s Post

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

From offering discounts to customers To offer QIP to poach investors The battle between Swiggy and Zomato has intensified on the cusp of Swiggy's #IPO. Zomato, profitable and plush with cash of almost $1.5 bn, is raising another $1 bn from #QIP. Why so? Some thoughts: 1. Capture the momentum in the hot market of #quickcommerce doubling down on Blinkit story 2. Build a war chest of $2.5 bn to battle against Zepto - raised $ 1 bn already and Swiggy - raising ~ $1.2 bn 3. Crowd out Swiggy and create an option for anchor investors and showcase its capabilities as a leader not only in #fooddelivery but also in fund delivery 4. Rationalise the shareholding in favour of domestic shareholders to support the business model changes in quick commerce The timing of this move is very interesting and I will be curious to see a list of investors who will bet on both these players in QIP and IPO. #startups #founders #funding #fundraising #competition #strategy #commerce #platform #internet #digital #technology #venturecapital #vc #pe

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

🚨 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

As Swiggy prepares for its much-anticipated debut on Dalal Street, the company's valuation in the unlisted market has reportedly skyrocketed from Rs 70,000 crore to Rs 1.16 lakh crore in just the past two months, according to an ET report. This surge follows a nearly 40% jump in Swiggy’s share price, rising from around Rs 355 in July to approximately Rs 490. Currently, the lot size for Swiggy's unlisted shares is around 100, with approximately 200,000 pre-IPO shares already actively traded. The report comes after another media report claimed that former cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, director Karan Johar, and actor-entrepreneur Ashish Chowdhry have invested in Swiggy's pre-IPO funding round. Previously, actor Madhuri Dixit and the family office of Amitabh Bachchan had acquired minority stakes in Swiggy. #swiggy #food #delivery #ipo #investors #startup #indianstartupnews

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

In July 2024, Zomato continued to outperform its main competitor, Swiggy, in terms of growth and market share. Zomato's market share in the food delivery space has now expanded to 57%, up from 55% in previous reports, while Swiggy's market share has declined. This growth is attributed to Zomato's stronger performance across its business segments, particularly in its Quick Commerce operations. Zomato's gross order value (GOV) grew by 31% year-over-year, compared to Swiggy's 26% growth. Additionally, Zomato's revenue saw a 35% increase, outpacing Swiggy's 24% revenue growth during the same period. Analysts believe that Zomato's operational efficiency and reduced delivery costs have played a key role in this performance, leading to a surge in Zomato's stock value. #zomato #swiggy #marketshare #fooddelivery #ecommerce #growth #quickcommerce #startups #technews #flipitmoney

After Zomato, will Swiggy also fail? Zomato went public in 2022. People were excited about the news because Zomato is one such brand that they share emotional value with. But was it worth it? No, its IPO failed miserably due to many reasons including its high stock value. ➡ Now comes Swiggy with its latest news to go public. Swiggy isn’t just a food delivery app, but also provides other benefits like Instamart and Genie. These (side) services have made the app more useful than ever. Although they have not submitted the required IPO document to the Securities and Exchange Board of India (SEBI), they still plan to raise the fund of Rs 750 crore in a pre-IPO round from the investor. The official date hasn’t been announced yet, but people are already very excited about it. The food delivery industry is highly competitive where Swiggy and Zomato capture the maximum market. Will Swiggy cross the hurdles that Zomato faced? What are your thoughts? #swiggy #zomato #ipo #funding #startup

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