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In January 2024, Swiggy laid off 400 employees, or 6% of its workforce, ahead of IPO. [30] [31] In April 2024, Swiggy converted itself into a public limited company [32] and confidentially filed for an initial public offering. [33] Swiggy launched its initial public offering (IPO) in November 2024 at ₹390 per share, valuing the company at $11 ...
(Reuters) -Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India's ...
Swiggy is selling shares worth 37.5 billion rupees ($448.56 million), while existing shareholders including Prosus, Accel India and Tencent Europe will sell about 185.3 million shares, the company ...
SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the ...
It was the largest ever IPO in India. [66] The shares began trading on 18 November 2021, opening at ₹ 1,950 on the NSE, 9.3% below the upper band of the IPO price range, and closed down more than 27% at ₹ 1,560, [67] making it the biggest drop on a listing day in Indian IPO history. [68] In December 2021 Paytm launched Paytm Wealth Academy ...
Valuation date Exit date Exit reason Exit valuation (US$ billions) Country Founders Uber: 72 August 2018 [604] May 2019 [605] IPO 82.4 United States Travis Kalanick, Garett Camp: DiDi: 62 July 2019 [606] June 2021 [607] IPO 73 China Cheng Wei: Facebook 50 January 2011 May 2012 [608] IPO 104 United States
JOHANNESBURG (Reuters) -South African technology investor Naspers said on Monday its Prosus e-commerce subsidiary plans more listings after last month's Indian IPO of Swiggy, as it posted a 74% ...
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