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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.
It plans to use $140 million of its IPO proceeds to expand its warehouses. India's quick-commerce sector has boomed in recent years, with domestic sales expected to hit $6 billion this year, up ...
Swiggy received a shareholder approval in April for an IPO that would raise up to $1.25 billion and its confidential filing is expected to be cleared by the Indian markets regulator within a month ...
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 ...
Zepto is an Indian quick-commerce company headquartered in Bengaluru. [2] It was founded in July 2021 by Aadit Palicha and Kaivalya Vohra. [3] As of August 2024, the company is valued at over $5 billion [4] and operates over 250 dark-stores across ten metropolitan areas in India.
This page was last edited on 5 February 2024, at 11:04 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Swiggy doubled its valuation to $10.7 billion in its latest funding round, Reuters reported last month, citing sources. India's Swiggy eyes $800 million IPO early next year - Nikkei Skip to main ...
Swiggy: 5.5 January 2022 [60] Food delivery India Nandan Reddy, Sriharsha Majety Aurora: 10 December 2020 [61] Self-driving cars United States Chehaoduo 10 July 2021 [62] Marketplace China Digital Currency Group: 10 November 2021 [63] Venture capital: United States Figma: 10 June 2021 [64] Software United States Dylan Field and Evan Wallace ...
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