Swiggy is set to sponsor Shark Tank India Season 4, ousting Zomato CEO Deepinder Goyal from the show.   This move highlights the escalating rivalry between the two food delivery platforms.   Swiggy...

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- Swiggy is set to sponsor **Shark Tank India Season 4**, ousting Zomato CEO Deepinder Goyal from the show. 
- This move highlights the escalating rivalry between the two food delivery platforms. 
- Swiggy's proposed **₹5,000 crore IPO** includes a fresh issue of equity shares worth ₹3,750 crore and an OFS of 185,286,265 equity shares. 
- Zomato's market capitalization stands at **$25 billion**, more than double of Swiggy's estimated $10 billion valuation. 
- Swiggy reduced its losses by 43% in FY24, with revenue from operations marking a 36% growth.

Source: [Mint](https://www.livemint.com/companies/kicked-me-out-zomato-ceo-deepinder-goyal-says-as-swiggy-is-set-to-sponsor-shark-tank-india-season-4-11728140315216.html)

Swiggy Sponsors Shark Tank, Ousts Zomato CEO

Journalist

Swiggy Sponsors Shark Tank, Ousts Zomato CEO- Grapevine

- Zomato's market share in India's food delivery sector has risen to around 55 percent, according to various brokerage firms.
- Swiggy, which once dominated with a 52 percent market share in 2020, has seen its share fall to 45 percent.
- Zomato's management reported a significant increase in market share in Southern cities during an earnings call.
- The company attributes its success to early investments in non-metro cities, despite initial concerns about profitability.
- This shift comes as Swiggy prepares for its initial public offering, facing increased competition from Zomato. 

 Source: Moneycontrol

Zomato Gains Market Share in South, Challenging IPO-bound Swiggy

Welcome to Indian Startups's Private Community

Food tech market is 50B+ ( duopoly)

Most of my friends use swiggy for everything like food, groceries and dine out.

They say Zomato sucks in ui ux and 3rd grade restaurants are there at Zomato, swiggy is better at offers and quality restaurants.

Zomato peak stock value was 180inr, which makes it a 15B firm, by that logic swiggy can get even 20B ipo.

PS - Baron capital already raised swiggy valuation to 13.9B usd

What do u think guys?

Swiggy valuation $15B ++

Senior Consultant

Some comparisons:
- Swiggy’s trading losses reduced to $158mn during FY24 while Zomato reported a positive Ebitda of c.$5mn during FY24.
- Swiggy’s GOV growing at 26% YoY vs Zomato at 36%
- Swiggy had 387,000 active delivery partners vs 418,000 for Zomato
- Swiggy Instamart had 487 active dark stores compared to 526 for Blinkit
- Swiggy’s overall revenue growth of 24% YoY was lower than Zomato’s adjusted revenue growth of 55.9% YoY.

😎

Swiggy v Zomato: Just putting it out there

Product Marketing Manager

- Swiggy plans to increase its IPO size from Rs 3,750 crore to Rs 5,000 crore through a fresh issue of shares.
- The final decision will be made at the company's extraordinary general meeting on October 3.
- The total IPO size could reach $1.4 billion if the new proposal is approved.
- Rivals like Zomato and Blinkit have improved profitability, intensifying market competition.
- Swiggy's revenue grew 36 percent in FY24, while losses decreased by 44 percent. 

 Source: [Moneycontrol](https://api.gvine.app/admin/grapevine/post/0b3956c3-e191-49bb-9014-61e765005b22/change/)

Swiggy Boosts IPO Size to Rs 5,000 Crore Amidst Fierce Market Competition

Please andar kar lo isko

Just following up on my previous post on The Arc's objectivity.

Didi aapka bias dikh rha hai

Business analyst

- 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, backed by SoftBank, plans to file its draft red herring prospectus with India's market regulator by the first week of September, aiming for a $1.28 billion IPO.
- The IPO will be the second-largest for a venture capital-backed company in India, following Paytm, with Swiggy aiming to raise Rs 10,400 crore.
- Swiggy's valuation is expected to be around $16 billion, approximately 60% of Zomato's market capitalization, according to sources.
- The company confidentially filed documents for the IPO in April and received shareholder approval for a fresh issue of Rs 3,750 crore and an offer for sale worth Rs 6,664 crore.
- Swiggy's IPO comes as its rival Zomato has seen significant stock price gains, and the listing will set a valuation benchmark for Swiggy, which needs to achieve profitability to attract investors. 

 Source: [Your Story](https://yourstory.com/2024/08/swiggy-drhp-ipo-first-week-september)

Swiggy to File Draft Papers for $1.3B IPO by September First Week

- Swiggy has launched a $65 million ESOPs liquidity programme, marking its fifth such event since 2018.
- Employees across various levels can now receive liquidity for their ESOPs in the secondary market.
- This is the third consecutive ESOP liquidity event following those in July 2022 and 2023.
- Swiggy has enabled over Rs 1,000 Cr of ESOPs liquidity, benefiting 3200 employees over five events.
- The announcement comes as Swiggy prepares for its IPO, with plans to raise approximately $1.25 billion. 

 Source: Entrackr

Swiggy Announces $65 Million ESOPs Liquidity Programme

This is based on an analysis of 24 K reviews on iPhone & Android phones between Jan to Nov 2023 conducted by Clootrack. The results though look a lot skewed as 
Zomato outperforms Swiggy by 3-4X in every parameter, How do you look at these results, Do you agree with this analysis?

Is this an effect of Public Listing?

Product Manager

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

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

https://www.business-standard.com/amp/markets/news/swiggy-may-file-papers-with-sebi-for-ipo-in-2-weeks-to-raise-rs-8-000-cr-124021401787_1.html

Is Swiggy doing an IPO soon? Will their price be defined based on Zomato’s trading price?

Such a sad day for all of Swiggy folks out there. 💔 
Swiggy’s private feed is full of layoff messages. More power to you guys, Swiggy doesn’t deserve you. You will do better wherever you go. ❤️ Please reach out to me in DM’s if you need any sort of help or referrals. Will try my best to help in any ways I can. 

Some of them worked their ass off for NYE and now this is how they have rewarded them. 
Everything looks like a script from last year. Same fu*king 5-10 min speech for the layoff announcement. Same severance, same method used for the layoff. Now the same consolation phase will start for the existing employees by the leadership. I hope I am wrong, but with the current ways of working, Swiggy is doomed to fail!

Swiggy layoffs

Software Engineer

Will Swiggy IPO affect Zomato Stock Performance?

Program Manager

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).

For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public.

Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go:

1/ Swiggy: On the Launchpad
Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race.

2/ Byju's: A Reality Check
The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth.

3/ PayU: Quietly Confident
While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets.

4/ PharmEasy: Unsung Potential
PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery.

The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed:

1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth.
2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants.
3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines.
4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors.

Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading!

Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

Key takeaways from Prosus 2024 Annual Report

Swiggy has pleasantly surprised me.. have to say. I thought they are a far second. What do you think? 

https://thearcweb.com/article/swiggys-revenues-hit-14-bn-in-fy24-losses-fall-44-RKqwp7rvJZiL2QOu

Zomato is only 7% ahead of Swiggy 🔥🔥

- Zomato grew faster than Swiggy in July, with a 29% YoY increase compared to Swiggy's 11%, according to UBS analysts.
- Zomato's MoM order growth was 1.6%, while Swiggy saw a 4.6% decline, leading to increased market share for Zomato.
- Zomato's market share in India's food delivery sector is estimated at 55%, while Swiggy's has slipped to 45%.
- Zomato has reported five consecutive quarters of net profits, whereas Swiggy logged an operating loss of over Rs 1,000 crore in the first nine months of FY24.
- Swiggy CEO Sriharsha Majety acknowledged the pros and cons of having a listed competitor like Zomato, noting the constant comparisons but also the benefits of market awareness. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/zomato-grew-faster-than-ipo-bound-swiggy-gained-more-market-share-in-july-12801796.html)

Zomato Outpaces Swiggy in July, Gains Market Share

Personally very excited for this one, after the gains I made on Zomato.

TLDR: Swiggy wants to go for a $13Bn IPO while investors feel that's too much, $11Bn is more like it :)

Corporate Strategist

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.

Swiggy Sponsors Shark Tank, Ousts Zomato CEO

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