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.

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.

#stockmarket #indianmarket #shares

- 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

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

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?

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.

- 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

- 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)