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Swiggy's share issue comes on the heels of Hyundai Motor India's record IPO, which received a dismal response from retail investors put off by the price. The carmaker's stock is down 6% since listing.
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 ...
The IPO also comes as India's stock markets surged to record highs recently, with about 235 companies raising more than $8.6 billion - more than double the amount raised last year, LSEG data showed.
In January 2024, Swiggy laid off 400 employees, or 6% of its workforce, ahead of IPO. [31] [32] In April 2024, Swiggy converted itself into a public limited company [33] and confidentially filed for an initial public offering. [34] Swiggy launched its initial public offering (IPO) in November 2024 at ₹390 per share, valuing the company at $11 ...
NSE EMERGE [2] is the National Stock Exchange of India's new initiative for small and medium-sized enterprises and startup companies from India. [3] These companies can get listed on NSE without Initial public offering (IPO). This platform helps SMEs and Startups to connect with investors for funding. [4]
[2] [3] Following market-based economic reforms in 1991, India became one of the fastest-growing major economies and is considered a newly industrialised country. For further information on the types of business entities in this country and their abbreviations, see: "Business entities in India".
Indian food delivery startup Swiggy is in talks to raise over $500 million in a new financing round that could value it at over $10 billion, two sources familiar with the matter told TechCrunch.
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