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India, Swiggy and IPO
Swiggy Delivers 17% Surge in Debut as Investors Bet on Indian Quick Commerce
Dutch tech investor Prosus, which owns 25% of Swiggy, said on Wednesday it had made $2 billion on its investment in the company. SoftBank holds a roughly 8% stake.
SoftBank-backed Swiggy's shares soar 15% on India market debut after stellar IPO
The listing comes close on the heels of Hyundai Motor
India
's $3.3 billion IPO in October,
India
's largest listing.
Swiggy
shares allocated to qualified institutional buyers were subscribed more than six times, according to Mint, while the portion given to ...
Swiggy’s public debut will test India’s appetite for $1B+ IPOs
Swiggy's upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Swiggy's listing will test whether the Indian market is ready for $1 billion-plus IPOs.
43m
Swiggy CEO says he came up with idea of company for college project, forgot about it later
Sriharsha Majety first conceived the idea of Swiggy during a project at the Indian Institute of Management (IIM) Calcutta. At ...
1d
on MSN
India’s Swiggy defies weak market in largest 2024 tech IPO globally
Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's ...
1d
on MSN
Swiggy’s India IPO Defies Weak Market With 17% Listing Gain
Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in ...
52m
Most searched product on Swiggy Instamart? Bedsheets
Co-founder and CEO Sriharsha Majety also talks about challenges that he, as a founder, faces in running a company as large as ...
8m
on MSN
CNBC's Inside India newsletter: India's growing wealth divide
India’s income gap (which is the difference in wages earned between different demographic) comes alongside a worsening wealth ...
7d
Swiggy’s $1.3 Billion India IPO Sold on Final Day
Swiggy
Ltd.’s $1.3 billion initial public offering was subscribed ... The offering, one of the few $1 billion-plus listings ...
6d
Exclusive: India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition ...
17h
Prosus yields profit of over $2 Bn on Swiggy investment, Ervin Tu shares plans to retain 25% of Swiggy
Prosus NV, the investment behemoth behind Tencent Holdings Ltd., has declared a strong return on its investment in Swiggy, ...
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