Apna kya lena Bhai. Not sitting on cash🥲. 
 Else would have gone for swiggy ipo

Software Engineer

Welcome to Banking & Finance's Private Community

What do you all think about Hyundai and Swiggy IPO?

Sales Leader

What do you all think about Hyundai and Swiggy IPO?- Grapevine

Swiggy ipo

Welcome to Indian Startups's Private Community

8bn is good! I like Swiggy. Go public pls

Product Owner

Welcome to News Discussion's Private Community

Are y`all planning to subscribe from swiggy IPO. If yes why? If not why not??

Subscribe Swiggy IPO?

Lawyer

Eager to apply for IPO can’t afford Pre IPO market

Any idea when Swiggy IPO planned?

Will Swiggy IPO affect Zomato Stock Performance?

Program 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

Founder

- 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

Journalist

- Swiggy has launched a bulk order service, **Swiggy XL EV** fleet, in Gurugram. 
- The service was launched on the day of the Haryana elections and will be extended to new cities in the coming weeks. 
- This follows the recent launch of **Swiggy Bolt**, a service delivering quick-to-prepare dishes in 10 minutes. 
- The company is also experimenting with a high-priced concierge membership offering exclusive access to high-end experiences. 
- Swiggy is preparing for an IPO, with shareholders approving an increase in the size of the fresh issue to INR 5,000 Cr.

Source: [Inc42](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 Launches Electric Fleet for Bulk Orders in Gurugram

- 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

- 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

I remember nov-dec 2023. I hardly ordered from Zomato. It was always Swiggy. I read the numbers aswell and they were doing good in terms of market share. 6 months down the line, I never open Swiggy app now. Zomato has stuck with me. I don't know what made me stick with Zomato so much so that I have there premium membership. Its coming from someone who hated Zomato in 2023, to now having there membership. Just checked thw Swiggy market numbers, and they are doing not so good. They are sinking. They are planning for IPO so they should have been good, but they aren't, why so?

What's with Swiggy? Why is the market share declining?

Software Developer

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

- Swiggy, backed by SoftBank, is planning to file for an IPO this week, aiming to raise over $1 billion.
- The Bengaluru-based company partners with over 150,000 restaurants across India.
- Swiggy is awaiting approval from India's Securities and Exchange Board to proceed with the IPO.
- The IPO details, including size and timing, are still under discussion and may change.
- Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/companies/softbank-backed-swiggy-said-to-eye-ipo-filing-this-week-12822166.html)

Swiggy to eye IPO filing this 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

Approx 2000 Swiggy folks are going to be like “Paisa hi Paisa”. Anyone here who will be benefiting from this??

Swiggy’s 540 Cr of ESOP buy back ahead of IPO

Product Manager

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

What do you all think about Hyundai and Swiggy IPO?

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