On November 13, 2024, Swiggy went public on the NSE at a price of INR 420, 7.69% higher than its IPO price of INR 390. At INR 412 on the BSE, it made its debut at a premium of 5.64%. According to various published reports, the company'
Until the next hearing, the court barred Swiggy from alienating 24 of a former executive's exercised stock options and 185.454 vested and unexercised stock options. Arun Cyril, Swiggy's former assistant vice president, contested his "illegal" dismissal from the foodtech firm and the ESOPs
More than 75 anchor investors have contributed about INR 5,085 crore (about $600 million) to Swiggy, one of the top food and grocery delivery services in India. The Bengaluru-based business, which rivals Zomato, which is run by Deepinder Goyal, revealed the investment in a stock exchange filing on 5
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Do you wish to have a delicious bite of blueberry cheesecake in the middle of the day at work or a hearty biryani meal for lunch? Moving out of your house, facing the relentless traffic, unending queues at restaurants and cafes, waiting for your order, etc., sounds demotivating as always.
Various media reports cited that food delivery giant Swiggy intends to list at a valuation of $11.3 billion for its forthcoming IPO. Listing at a higher valuation of $15 billion or more was the previous goal. However, Swiggy has cut its IPO valuation target in order to increase the
According to multiple media sources, the Indian food delivery giant Swiggy is lowering its target by 10–16% because of market volatility, with the business aiming internally for a corporate valuation of $12.5 billion–13.5 billion for its impending IPO. Prior to this week's launch by
According to the company's pre-listing prospectus, Swiggy, a food and grocery delivery service that is about to make its first public offering (IPO), gave its founders and senior management $271 million in employee stock options as part of its most recent stock-based compensation plan, which was implemented in
The draft red herring prospectus (DRHP) was submitted to SEBI, the markets regulator, by food aggregation and grocery delivery platform Swiggy on 26 September 2024. Through a new offering, the company hopes to raise INR 3,750 crore. The IPO combines a new issue with an existing investor's
In a possible deal involving its rapid commerce division under Instamart, Amazon India has reportedly approached Swiggy, which is preparing for an IPO, according to three people familiar with the situation. This news follows closely on the back of Swiggy's secretly submitting draft documents with Sebi for an
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Swiggy, a trailblazer in food delivery and quick commerce, has strategically merged InsanelyGood with its Instamart grocery delivery service, marking a significant move before its anticipated Initial Public Offer (IPO). The merger aims to increase investor confidence by improving efficiency and combining Swiggy's food and grocery delivery services.