Well I saw some blind posts on some employees becoming millionaires so I think it's all gucci

Founder

That's why in 2018 they called it a Series F

Press [F] to pay respects

Software Engineer

Everybody who invested money from the 2015 round lost money because even FD would have given better return for the 2015 investors

Product Manager

Comparatively Swiggy and Zomato valuations have actually been sane, with room to grow

Intern

Welcome to Indian Startups's Private Community

Instacart IPO at 9.9 billion . At it's peak, it had valuation of 40 B $. All VCs who invested in it after 2018 has lost money.

Instacart IPO at 9.9 billion . At it's peak, it had valuation of 40 B $. All VCs who invested in it after 2018 has lost money.- Grapevine

Prime example that one should not just study foreign markets and take everything else for granted.
The west already has much better convenience stores at every nook and corner. Something was different in India. 

Today BlinkIt eclipsed Zomato valuation. Instamart is a key focus for Swiggy. Zepto is on a great path.
All the VCs (except Nexus who backed Zepto) in India lost out in this race. They just looked at the west, and said it won't be possible. Grofers (Blinkit) & Zepto proved them wrong. 

For entrepreneurs: Do not be derailed by VC speak, they will hardly ever get big bets right.

Quick Commerce worked in India, didn't work in the west

Operations Manager

Welcome to Personal Finance's Private Community

Which is that one stock you regret buying and later turned out to be multi-bagger?

Chartered Accountant

Welcome to News Discussion's Private Community

- Invesco valued its 28,844 shares of Swiggy at $219.2 Mn as of April 2024, translating to a $12.3 Bn valuation for the foodtech company.
- Pine Labs' valuation was pegged at $3.5 Bn at the end of April 2024, down from $3.8 Bn in January 2024.
- The valuation cuts come as Swiggy prepares for its $1.25 Bn IPO, having filed its draft red herring prospectus with SEBI.
- Despite the cuts, Swiggy's latest valuation is still 15% higher than its $10.7 Bn valuation during its $700 Mn decacorn round in 2022.
- The valuation adjustments follow a period of funding challenges and losses for Indian unicorns, though investor sentiment has recently improved. 

 Source: Inc42

Invesco Marks Down Valuations Of IPO-Bound Swiggy, Pine Labs

Journalist

- Swiggy has filed for an IPO with SEBI, aiming to raise Rs 3,750 crore through fresh equity shares and an OFS of up to 185,286,265 shares.
- Prosus plans to offload 63.8% of the OFS, with other investors like Accel, Alpha Wave Ventures, and Tencent also participating.
- Funds will be used to invest in Scootsy, expand dark stores, and enhance technology and cloud infrastructure.
- Swiggy reported a 36% revenue growth to Rs 11,247 crore in FY24 and a 44% reduction in losses to Rs 2,350 crore.
- The IPO will heighten competition with Zomato, which currently has a market cap of $29.5 billion. 

 Source: [Entrackr](https://entrackr.com/2024/09/swiggy-eyes-rs-3750-cr-in-fresh-issue-as-prosus-prepares-to-sell-63-8-of-ofs/)

Swiggy Files Draft Papers For IPO, Targets $10 Billion Valuation

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-5-bn-2nd-markdown-in-4-months-10549051.html

Swiggy valuation down to $5.5B

- **Swiggy** is aiming for a valuation of $11.7 billion to $12.7 billion for its upcoming IPO, set to launch in early November.
- The IPO includes a fresh issue component of Rs 3,750 crore and an offer for sale of up to 182,286,265 equity shares.
- The primary component may be increased to Rs 4,500 crore, leading to a combined IPO size exceeding Rs 12,000 crore or $1.42 billion.
- Major investors in Swiggy include **Prosus** (32%), **SoftBank** (8%), and **Accel** (6%).
- Swiggy received approval from the **Securities and Exchange Board of India (SEBI)** for its IPO in September.

Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/swiggy-targets-11-7-bn-12-7-bn-valuation-for-mega-1-4-bn-plus-ipo-launch-likely-in-early-nov-12845660.html)

Swiggy Targets $12.7B Valuation for $1.4B IPO in November

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing
Don't know what the VCs are seeking?
Why bake a a pie that you can't eat later?

Too much money too soon, where have we seen that?

Consultant

Come at me, I'm not scared. There is a reason why FAANG engineers are top-rated VS some random startup engineer.

Here are the reasons why I think that Indian Startup culture is pure cringe:

1. The random use of the following emojis- 🚀💰📈📊💡
2. Fake enthusiasm for every little thing - "Wow! 25M people ordered condoms WOWOW!!!🚀"
3. Claim that you are a verb("company name"): "I am a (Zoman, Flipster, Swiggster or whatever)" but no one really knows about it outside of your company.
4. The HR is a proper softie in the name of Employee wellbeing but will end up being a sadist the moment layoffs happen.
5. Think hard if you really want to work in a place that is your LinkedIn feed on Steroids.

Indian startup culture is the cringiest thing ever

Bruh you high? 
 Have you not seen the infinite amount of cringe generated by so-called faang engineers on blind?  
 Startup or faang, shit is the same everywhere.

Growth Manager

Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $12.16 Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm.

Baron boosts Swiggy valuation to $12.16B, above prior private market value | TechCrunch

Swiggy's valuation in it's best shape before the impending IPO

"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffet

I want to appreciate Swiggy for whatever they've done in the last year. Everyone's had a tough time, and through the bear market (which we are still in), everyone lost valuation majorly. 

You need to have a super strong business to be able to maintain strength (given we're still not in a bull). When in this market, somebody almost doubles their valuation, it's a feat.

I know there's layoffs and everything that happened there too, but just happy to see all of this happen as an avid user and a small founder who's realized how tough it's been these last 1-2 years.

Swiggy's valuation crosses $10Bn again. After going as low as $5.5Bn last year. A small note:

- Early investors in Swiggy, including Prosus, Accel, and Elevation Capital, are selling shares ahead of the company's IPO later this year.
- New investors, such as 360 One and high net-worth individuals, are buying these shares, showing confidence in Swiggy's growth potential.
- The company is signaling a potential IPO valuation of $10-13 billion, with current secondary transactions valuing it at $9.3 billion.
- Accel and Elevation Capital, early investors since 2015, are selling shares to realize gains accumulated over the years.
- Prosus, holding around 33% of Swiggy, needs to reduce its stake to 25% or below to avoid being tagged as a promoter during the IPO. 

 Source: Moneycontrol

Swiggy Shares on the Menu: Secondary Transactions Gain Steam Ahead of IPO

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero interest in consumer internet plays, and most models failing  
  
 There’s definitely something about the way they executed. And many good things are said within the ecosystem about Aadit as a founder!

Analyst

Swiggy burning 120 Cr a month on instamart. Would they have needed to fire so many people if they would have fixed their unit economics?

Jab Yeh DRHP file karega, tab Zomato ka Stock badhega!

Swiggy - Huge losses in Instamart

Business Analyst

"I wonder how Jefferies has given a target price of Rs. 520/share on Mamaearh - on the listing day, it was already at 93.5 times EBITDA" -> Need more people like this on LinkedIn!

Let me down slowly 🎶

Software Developer

- The Indian Premier League's (IPL) business value has declined by 11.7% to $9.9 billion in 2024, marking its first significant drop.
- A reassessment of media rights values and the failed Zee-Sony merger are primary factors behind the decline.
- The Women's Premier League (WPL) saw an 8% increase in value, rising to $160 million.
- Mumbai Indians remain the most valued IPL franchise, followed by Chennai Super Kings.
- The shift towards digital platforms presents both opportunities and challenges for the IPL. 

 Source: [Business Standard](https://www.business-standard.com/finance/personal-finance/for-the-first-time-ipl-s-enterprise-value-drops-11-7-to-9-9-billion-124090400103_1.html)

Instacart IPO at 9.9 billion . At it's peak, it had valuation of 40 B $. All VCs who invested in it after 2018 has lost money.

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