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SWIGGY IPO SUCCESS
Sarvam gets state backing; Andy Jassy’s India visitHappy Thursday! The Indian government may soon end up taking a stake in Sarvam AI. This and more in today’s ETtech Morning Dispatch.- Customers will feast as Zepto to pour fuel into quick commerce fireZepto’s proposed Rs 9,500 cr ($1 billion) IPO could significantly intensify competition in India’s already crowded quick commerce market. T...
- Here to win quick commerce, will become market leader in near-term: Samir Kumar, Amazon India chiefAmazon is planning to aggressively expand its 10-minute delivery service, Amazon Now, aiming for market leadership despite moderating quick...
- ETtech Interview | Quick commerce industry unlikely to sustain as many players as today: Swiggy's Sriharsha MajetySwiggy CEO Sriharsha Majety believes the quick commerce market is overpopulated and prioritises long-term economics over market share battl...
- Jio revamps mega IPO; DailyObjects lines up fresh capitalReliance Industries is revamping Jio Platforms’ IPO plans amid investor disagreements over valuation. This and more in today's ETtech Top 5.
- Sebi approves over $1 billion Zepto IPO; 5 other companies also get nodSebi has approved Zepto’s IPO, paving the way for a potential Rs 12,000 crore listing in 2026. The quick commerce startup aims to strengthe...
- Amazon to expand quick comm network to 1,000 stores across 100 citiesAmazon Now is rapidly expanding its quick commerce services to 100 Indian cities, boosting its micro-fulfillment centers to over 1,000. Thi...
- Rs 325 or Rs 470? Swiggy share price targets leave investors confused after listingSwiggy Share Price: Swiggy's IPO debuted with an 8% premium, drawing mixed views from analysts. Macquarie sees downside risk, while JM Fina...
- Shy Swiggy CEO Sriharsha Majety makes a rare appearance on IPO listing, says the app was actually a forgotten college ideaSwiggy CEO Sriharsha Majety: Swiggy, the food delivery giant, debuted on the stock market. CEO Sriharsha Majety, usually media-shy, marked ...
- Rs 9k-crore bonanza for Swiggy employees; crackdown on pro-Khalistan contentHappy Wednesday! Swiggy's employees are all set for big Esop gains as the company lists on the bourses today. This and more in today's ETte...
- Rs 1.19 lakh crore and counting: 2024 becomes the Year of The IPOsIndia's IPO market is booming, raising a record-breaking ₹1.19 lakh crore ($14 billion) in 2024. Strong investor demand, fueled by excess l...
- New-age tech companies face an unforgiving market after grand IPOs. What lies ahead for Swiggy?New-age tech companies in India, despite grand IPOs, are facing a harsh reality in the stock market. Many, including Paytm and Nykaa, have ...
- Amitabh Bachchan to Rahul Dravid: Know the star-studded lineup of Swiggy’s celebrity investors as IPO nearsSwiggy's anticipated IPO next week has generated significant interest among celebrity investors and institutional firms. With the online fo...
- BigB, Dravid, KJo and other top celebrities grab a share of Swiggy’s pre-IPO pieA number of celebrities from various fields are endorsing Swiggy by acquiring its pre-IPO shares. This includes sports stars, actors, and e...
- Former employee steals Rs 33 crore from Swiggy, investigation on: ReportSwiggy, a food delivery company, reported in its annual report for FY 2023-24 that a junior ex-employee allegedly embezzled nearly Rs 33 cr...
- Swiggy announces $65 million ESOP programme for employees ahead of IPOAs part of the scheme, Swiggy employees across all levels and functions will have the opportunity to receive up to $65 million in liquidity...
- Swiggy IPO: Food-delivery major secures shareholder nod for potential $1.25 billion public offeringSwiggy IPO: Swiggy plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of...
- Swiggy to lay off 6% of workforce impacting 400 jobs ahead of IPOSwiggy is set to cut its workforce by 6% affecting 350-400 roles across teams like technology, call centre, and corporate roles, with senio...
- Prosus may have promoter tag in Swiggy’s $1 billion IPOWhile Swiggy prepares to file its IPO papers, New Delhi-based wearables and audio accessory brand Boat is likely to reconsider its plan to ...
- SoftBank seeks CCI approval to invest in SwiggyThe technology fund of Masayoshi Son-led SoftBank Group Corp. is finalising a $450-million investment into the online food delivery platfor...
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