Zepto

Swiggy, 2024’s biggest tech listing, falls below its IPO price and 2022 valuation

Indian food delivery company Swiggy’s stock fell below both its IPO price and its last private valuation as mounting losses and a wavering market position in quick commerce pressured its margins in the last quarter. The food delivery company’s stock fell as low as ₹374.80 ($4.29) on Thursday below its November IPO price of ₹390, […]

Swiggy, 2024’s biggest tech listing, falls below its IPO price and 2022 valuation Read More »

Zepto shifts HQ to India as local listings gain appeal

Quick-commerce startup Zepto has moved its domicile to India from Singapore, joining a growing number of Indian startups that have moved their headquarters home ahead of an IPO in the country. The transition marks the fastest shift of registered headquarters to India by a startup in the country, according to Zepto’s chief financial officer Ramesh

Zepto shifts HQ to India as local listings gain appeal Read More »

Blinkit signals costly battle ahead in Indian quick commerce market

Zomato’s quick commerce unit Blinkit is accelerating its expansion and expects continued losses as competition intensifies in India’s instant delivery market. Blinkit now aims to reach 2,000 dark stores – small warehouses in residential areas that exclusively service online orders – by December 2025, a year ahead of its previous guidance, after exceeding 1,000 stores

Blinkit signals costly battle ahead in Indian quick commerce market Read More »

Swiggy scales 10-minute food delivery to 400 cities in quick-commerce push

Swiggy, a leading food delivery and quick-commerce app in India, said on Monday that it has expanded its 10-minute food delivery service, Bolt, to more than 400 cities and towns across the country. The Bengaluru-headquartered startup, which went public last month, said it has partnered with over 40,000 restaurants, including global chains KFC, McDonald’s, and

Swiggy scales 10-minute food delivery to 400 cities in quick-commerce push Read More »

Zomato raises $1 billion in first major fundraise since 2021 listing

Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO. The $30 billion food delivery and quick-commerce giant, which leads both those categories, issued approximately 336.5 million shares at ₹252.62 each ($3), according to a stock exchange filing on Friday. The placement, which opened on

Zomato raises $1 billion in first major fundraise since 2021 listing Read More »

India, already an IPO bright spot, prepares for bigger surge in 2025

India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025. More than 20 startups are preparing to

India, already an IPO bright spot, prepares for bigger surge in 2025 Read More »

Zepto raises another $350M amid retail upheaval in India

Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals, and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal

Zepto raises another $350M amid retail upheaval in India Read More »

Swiggy market debut fuels India’s food, quick commerce wars

Shares of Swiggy surged 5.56% to 434 rupees on Wednesday as the food delivery and quick commerce startup concluded India’s second-largest IPO this year, in a closely watched debut that puts it in direct comparison with what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks

Swiggy market debut fuels India’s food, quick commerce wars Read More »

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: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark.  For its IPO, Swiggy has already secured $1.4 billion from institutional investors

Swiggy’s public debut will test India’s appetite for $1B+ IPOs Read More »

Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth

Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap. The lossmaking Bengaluru-based company has set an IPO price band of ₹371 to ₹390 ($4.41-$4.64) per share for next month’s IPO.

Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth Read More »