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

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 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 is planning to go public soon and has offered to exercise our ESOPs at a certain valuation. This is not a buyback, so we will have to pay taxes on the exercised shares. Is it worth exercising now or should I wait for the IPO? I will only gain from this if the IPO price is higher than the exercise price, otherwise I will end up paying more tax. Did Zomato have a similar offer before its IPO? If so, what was the best option for its employees?

- 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/)

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, 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)

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

- 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