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Swiggy delivers 17% surge in debut
India’s Swiggy defies weak market in largest 2024 tech IPO globally
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 IPO, the second largest in India this year,
Swiggy's IPO debut tests demand for rapid-delivery firms in India
According to CLSA, these firms are set to top $78 billion in combined gross orders within a decade, potentially affecting existing consumer-product majors like Hindustan Unilever Ltd. and Marico Ltd
Swiggy delivers 17% surge in debut as investors bet on Indian quick commerce
By Hritam Mukherjee and Chris Thomas BENGALURU (Reuters) -SoftBank-backed Swiggy's shares ended nearly 17% higher in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries.
Direct Marketing News
6h
Swiggy sees 15% surge in IPO debut
Swiggy experiences a remarkable 15% increase on its IPO debut, marking an impressive entry into the stock market.
6d
Swiggy IPO: Who are Swiggy’s competitors in food delivery, out-of-home dining and quick commerce?
Swiggy competes in food delivery, out-of-home consumption, and quick commerce segments, facing rivals like Zomato and Blinkit ...
7h
on MSN
Swiggy's Share Turns Stale, Back At Public Listing Price In Just 1 Day
Swiggy's shares were listed in the stock market on Wednesday at a price of Rs 420 with a premium of 7.69 per cent.
brandequity.economictimes.indiatimes
15h
Expecting very solid growth for next 3-5 years: Swiggy CEO Sriharsha Majety
A Competition Commission probe has found that food
delivery
platforms Zomato and
Swiggy
indulged in unfair business ...
6h
Prosus yields profit of over $2 Bn on Swiggy investment, Ervin Tu shares plans to retain 25% of Swiggy
Prosus NV, the investment behemoth behind Tencent Holdings Ltd., has declared a strong return on its investment in Swiggy, ...
Hosted on MSN
2d
Swiggy share listing price prediction: Hot or cold delivery? What GMP of signals ahead of IPO's NSE, BSE debut
Considering the latest GMP at Rs 0 and the upper price band of the IPO Rs 390, if the shares of Swiggy are to be listed today ...
6d
Exclusive: India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition ...
Business Report on MSN
14h
Prosus sold shares worth R8.98bn in successful Swiggy IPO in India
Swiggy listed its shares at ₹390 (R82. 83) per share during its IPO. The shares debuted at ₹420 on the NSE (National Stock ...
1d
Swiggy Share Price: Food Delivery Stock Gets BUY Rating First Time After Listing; JM Financial Sets Rs 470 TP
Following its debut, Swiggy has also received its first brokerage coverage with a BUY rating. Broker JM Financial likes ...
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