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...
No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha MajetySwiggy shareholder resolution revote: The resolution sought to amend Swiggy’s articles of association as part of a broader push to become a...
Zepto vs rivals; Cybersecurity goes outsourcedAs Zepto lines up a public markets debut this year, a look at how it stacks up against rivals Blinkit and Instamart. This and more in today...
JM Financial wants a deep-pocketed player to acquire Swiggy. Here's whyBrokerage firm JM Financial has downgraded Swiggy, citing concerns over its quick commerce arm, Instamart. They believe a takeover by a lar...
Intense quick commerce competition ahead? UBS cuts Eternal, Swiggy’s target prices but sees attractive valuationsUBS reduced its FY27-29 quick commerce NOV estimates by 7-11% for Blinkit, and GOV estimates by 17-22% for Instamart.
Swiggy’s investor relations head Abhishek Agarwal quitsAgarwal, who joined the company in July 2023, played a key role in Swiggy’s Rs 11,327 crore initial public offering (IPO) in 2024. He was p...
ICICI Prudential AMC, SBI MF biggest investors in Swiggy's Rs 10,000 crore fundraiseSwiggy’s Rs 10,000 crore QIP saw strong domestic institutional participation, with ICICI Prudential AMC, SBI Mutual Fund and Aditya Birla S...
Fresh delivery: Swiggy raises Rs 10,000 cr via QIPIn a significant step towards enhancing its market position, food delivery giant Swiggy has raised Rs 10,000 crore through a savvy institut...
Swiggy raises Rs 10,000 crore via QIP to scale Instamart amid market share battleFood and grocery delivery company Swiggy has successfully raised Rs 10,000 crore through a qualified institutional placement (QIP), allocat...
Swiggy’s Rs 10,000-crore QIP gets 4.5x subscription; most bids around Rs 375 per share, sources saySwiggy will issue fresh shares at around Rs 375 apiece for its Rs 10,000-crore qualified institutional placement (QIP), people with direct ...
Swiggy launches Rs 10,000-crore QIP; sets floor price at Rs 390.51 per shareThe Swiggy QIP comes amid escalating competition for its fast-delivery service, Instamart, which is likely to intensify with this fundraise...
Swiggy’s Rs 10,000 crore QIP kicks off after shareholders clear fundraise. Here's all you need to knowSwiggy opened its Rs 10,000-crore QIP on Tuesday, a day after shareholders cleared the plan with 99.47% approval. The fundraise—its first s...
Swiggy shareholders approve delivery company's plan to raise Rs 10,000 crore via QIPShareholder nod is an enabling provision for any company’s fundraise plans. Swiggy's current fundraise could be launched as early as this w...
Swiggy back to square one as stock sinks 36% from peak, returns to IPO price. What's ahead?Swiggy's stock has fallen 36% from its peak, returning nearly to its IPO price of Rs 390. Despite a 54% revenue jump, the company's net los...
Swiggy's board approves Rs 10,000-crore fundraise via QIPFood and grocery delivery firm Swiggy's board has approved a proposal to raise Rs 10,000 crore through a qualified institutional placement....
Swiggy approves Rs 10,000 crore fundraise as quick-commerce battle with Zepto and Blinkit heats upSwiggy’s Board has approved a fundraising plan of up to Rs 10,000 crore through public or private offerings, including QIP, to enhance its ...
Swiggy mulls up to $1.5 billion fundraise for balance sheet boostWhile discussions with potential investors are still at an early stage, the size of the proposed Swiggy QIP, currently at $1 billion, could...