swiggy

News and Trends

Swiggy Reports Appetizing Q2, Revenues Up 11.7% at INR 36.1 billion

Brokerage firm Motilal Oswal said in a post-earnings report that Swiggy's growth was faster than the category average set by Zomato over the medium term in the food delivery sector.

News and Trends

Nykaa Appoints Abhijeet Dabas as Executive VP and Business Head of Fashion eCommerce

An IIM Calcutta alumnus, Dabas brings a deep understanding of both strategic growth and consumer behavior, having held key roles across major tech and e-commerce companies including McKinsey & Company, Cars24, Swiggy, Myntra, and Lazada.

News and Trends

Swiggy Secures INR 5,085 Cr from Anchor Investors Ahead of IPO

Swiggy's IPO opens today for retail and institutional investors, with the company anticipating its listing on the stock exchanges on November 13.

News and Trends

All Eyes on Swiggy IPO as it Sets to Open for Subscription on November 6

According to stock market observers, Swiggy on Monday, commanded a grey market premium of INR 22 per share, indicating that its shares are trading higher by INR 22 apiece at INR 412 per share, higher than the issue price of INR 390 per share.

News and Trends

Swiggy Set to Launch IPO on November 6, 2024, with Price Band of INR 371 to INR 390 per Share

Swiggy has established a price band of INR 371 to INR 390 per equity share, with bids to be made for a minimum of 38 equity shares and in multiples of 38 thereafter.

News and Trends

Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO

Other key leaders, including co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart head Amitesh Jha, CFO Rahul Bothra, HR head Girish Menon, and CTO Madhusudhan Rao, were also awarded additional shares under the ESOP programme.

News and Trends

SEBI Approves Hyundai, Swiggy, Vishal Mega Mart, Others to Hit Bourses

According to a recent update from the market regulator, Vishal Mega Mart, Swiggy, ACME Solar Holdings, Mamata Machinery, and Hyundai Motor India have all received the necessary approvals from SEBI to go public.

News and Trends

BizDateUp Founders Jeet Chandan and Meet Jain Acquire Stake in Swiggy During Pre-IPO Round

The investment in Swiggy was made through a strategic off-market secondary deal, attracting high-profile investors including cricketers Rahul Dravid and Zaheer Khan, tennis player Rohan Bopanna, and filmmaker Karan Johar, alongside other notable celebrities.

News and Trends

Swiggy Announces Plans for Landmark IPO with ₹10,000 Crore Issue

The fresh issue and the OFS component will bring the company's IPO to INR 10,414 crore.

News and Trends

Quick Commerce Companies Celebrated Raksha Bandhan With Record High Sales

Quick commerce companies enjoyed Raksha Bandhan with highest ever sales in one day

News and Trends

Amazon Goes Shopping For Swiggy's Instamart: Report

Amazon has approached Swiggy to buy its Instamart segment, as per report

News and Trends

Fancy a Drink? Swiggy, Zomato, Blinkit and BigBasket May Soon Be Able to Quench Your Thirst For Liquor

Online food and grocery delivery platforms, Swiggy, Zomato, Blinkit and BigBasket could potentially deliver alcohol in the near future

News and Trends

PV Sindhu Joins Wellness Brand Hoop as Investor and Brand Ambassador

This partnership aims to propel Hoop towards becoming India's most loved wellness brand.

News and Trends

Baron Capital Raises the Valuation of Swiggy to USD 15.1 Bn

Baron Capital invested in Swiggy when the company raised USD 700 million, valued at USD 10.7 billion.

Entrepreneurs

Curiosity into Creativity Translator: Aditya Sanghavi

Founded in 2015 by Aditya Sanghavi, the Mumbai-based startup claims to retail in over 5,000 stores across the country through distributors and works with a few supermarket chains.