India's Swiggy delivers 2024's largest tech IPO globally | TechCrunch

Nov 13, 2024  · Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. Swiggy's $1.4 billion …


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India's Swiggy Delivers 2024's Largest Tech IPO Globally | TechCrunch

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Nov 13, 2024  · Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. Swiggy's $1.4 billion …

techcrunch.com

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Indian Food Delivery Startup Swiggy’s $1.4 Billion IPO Soars Ahead …

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Nov 8, 2024  · In August, we covered Swiggy's ambitious plans for an initial public offering (IPO) with a target valuation of approximately $15 billion. Now, just three months later, Swiggy’s long …

techstartups.com

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From Startup To IPO: A Decade-Long Partnership Between Swiggy …

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Nov 12, 2024  · This success has culminated in Swiggy’s completion of a $1.4B IPO in India–the largest tech IPO globally in 2024 according to JPMorgan. We are proud to have partnered with …

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India’s Swiggy Defies Weak Market In Larg... - AVenture News

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Nov 14, 2024  · In a note to clients, reviewed by TechCrunch, JPMorgan said Swiggy’s IPO is the largest tech IPO globally this year. In the run-up to the $1.4 billion IPO, Swiggy set its …

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Naspers And Prosus-Backed Swiggy Completes $1.3 Billion IPO In …

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Nov 13, 2024  · Swiggy’s listing is the second largest in India in 2024 and comes shortly after the company passed a milestone of more than 110 million total transacted users since its launch …

techfinancials.co.za

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Swiggy IPO Nets $606 Million From Institutional Investors

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Nov 5, 2024  · Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food Swiggy has raised around …

techcrunch.com

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Swiggy Seeks $11.3B Value At IPO, Less Than Half Zomato’s Worth

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Oct 30, 2024  · 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 …

techcrunch.com

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Swiggy’s India IPO Defies Weak Market With 17% Listing Gain

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Nov 13, 2024  · The food-delivery firm’s shares closed 17% higher than the offer price of 390 rupees, despite a broader market selloff. The listing valued the company just over $12 billion. …

bnnbloomberg.ca

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SoftBank-backed Swiggy's Shares Soar 15% On India Market Debut …

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Nov 13, 2024  · Shares of Indian food delivery giant Swiggy rose over 15% on their trading debut. The company raised 113.27 billion Indian rupees ($1.34 billion) in its IPO that closed Monday, …

nbcnewyork.com

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India’s Swiggy Defies Weak Market In Largest 2024 Tech IPO Globally

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In a note to clients, reviewed by TechCrunch, JPMorgan said Swiggy’s IPO is the largest tech IPO globally this year. In the run-up to the $1.4 billion IPO, Swiggy set its valuation at $11.3 billion, …

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Swiggy’s Public Debut Will Test India’s Appetite For $1B+ IPOs - MSN

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India has emerged as a hotbed for tech IPOs this year even as the U.S. market remains muted. ... Swiggy’s listing could deliver a three-fold return. It will also be the venture firm’s biggest ...

msn.com

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Fidelity, Norges Among Buyers Of Swiggy Shares In India IPO

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Nov 5, 2024  · Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be …

reuters.com

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Swiggy Weighs Increasing Its IPO Size By $150M, Aiming To

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Sep 9, 2024  · With investors like Prosus Ventures, SoftBank and Accel among its backers, Swiggy is among the leading food-delivery and quick-commerce startups in India. It reported …

techcrunch.com

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Swiggy: From A Forgotten Idea To Rs 1 Trillion Market Cap On Listing

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Nov 13, 2024  · Niren Shah, managing director and head of Norwest India, which has invested over $19 million in Swiggy, lauded the company for pioneering qcom through Instamart, …

business-standard.com

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Prosus Catches A Moment Of Relief In India | Reuters

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Nov 13, 2024  · Prosus is receiving a long-awaited parcel of returns in India with the Mumbai listing of Swiggy . Shares of the company, one half of a food delivery duopoly, opened up 8% …

reuters.com

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Swiggy, The Indian Food Delivery Giant, Seeks $1.25B In IPO After ...

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Apr 24, 2024  · Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its India's Swiggy plans to …

techcrunch.com

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Zepto Raises Another $350M Amid Retail Upheaval In India

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1 day ago  · He also reports on global tech firms’ India play. Before joining TechCrunch in 2019, Singh wrote for about a dozen publications, including CNBC and VentureBeat. He graduated …

techcrunch.com

FAQs about India's Swiggy delivers 2024's largest tech IPO globally | TechCrunch Coupon?

Is Swiggy's IPO the largest tech IPO in the world?

In a note to clients, reviewed by TechCrunch, JPMorgan said Swiggy’s IPO is the largest tech IPO globally this year. In the run-up to the $1.4 billion IPO, Swiggy set its valuation at $11.3 billion, a notably conservative figure given that Zomato recent hit a market-cap high of $29 billion. ...

Is Swiggy India's second largest IPO?

The food-delivery firm’s $1.3 billion share sale, which was subscribed more than three times last week, is the nation’s second largest listing this year, following Hyundai Motor India Ltd.’s record $3.3 billion IPO. The market debut will position Swiggy against larger listed rival Zomato and privately-held Zepto in India’s rapid delivery space. ...

What are the prospects for Swiggy's IPO?

The prospects for Swiggy’s IPO looks good — especially given that rival Zomato’s stock has surged over 100% since its $1.3 billion listing in 2021, reaching a market cap high of $29 billion this year. In comparison, Swiggy is seeking a valuation of $11.3 billion. ...

What is Swiggy's IPO valuation?

In the run-up to the $1.4 billion IPO, Swiggy set its valuation at $11.3 billion, a notably conservative figure given that Zomato recent hit a market-cap high of $29 billion. In an interview, Swiggy’s co-founder and chief executive Sriharsha Majety said the firm wanted to make the offering exciting for new investors. ...

Will Swiggy sell IPO shares?

Swiggy, valued at $10.7 billion in its last fundraise in early 2022, is considering going ahead with its plan to sell about $800 million worth of shares from existing investors in the IPO, people familiar with the matter told TechCrunch. The startup is seeking a valuation of about $15 billion in the IPO, the people said. ...

Will Swiggy's IPO Test India's appetite for a $1 billion IPO?

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. ...

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