Tag: Swiggy

Indian Healthy Snacking Summit by Farmley: A Step Closer to a Healthier India

July 17, 2024July 18, 2024 adminbusinessuncover No Comments

The Indian Healthy Snacking Summit 2024 presented by wholesome snacking brand Farmley, brought together a diverse array of influencers, investors, startup Founders and industry experts to discuss the future of healthy snacking in India. The event, held on July 06 in the national capital, shed light on the key trends driving and reshaping the snacking…

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“Zomato is growing faster than Swiggy”: ‘Buy’ stock is advised by CLSA, shares’ intended price

June 25, 2024 Santhi No Comments

Foreign stockbroker CLSA stated that Zomato Ltd., a public firm, is expanding more quickly than Swiggy on important metrics and has maintained its ‘Buy’ recommendation on the stock, with a target price of Rs 248 per share. Swiggy’s entire gross order value (GOV), which includes food delivery and quick-commerce, climbed 26% YoY in FY24, according…

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Swiggy approved by shareholders for $1.2 billion-IPO

April 26, 2024April 26, 2024 Santhi No Comments

The unicorn in the food technology industry, Swiggy, announced on Thursday that its $1.2 billion (Rs 10,414 crore) initial public offering (IPO) has been approved by its shareholders at an extraordinary general meeting (EGM) on Tuesday. The offering includes an offer-for-sale component of up to Rs 6,664 crore ($800 million) and fresh issue of up to…

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Swiggy revenue for FY23 surged by 45% to reach Rs 8,625 crore

January 31, 2024January 31, 2024 adminbusinessuncover No Comments

Swiggy, a food delivery company headed for an IPO, reportedly saw a 45% increase in revenue in FY23, reaching Rs 8,625 crore. On the other hand, its net loss increased to Rs 4,179 crore. Swiggy had revenue of Rs 5,705 crore and a net loss of Rs 3,629 crore in the preceding fiscal year. The…

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Swiggy to Ola Electric, Brands aim for Rs 1 trillion IPO in 2024.

January 4, 2024 adminbusinessuncover No Comments

Swiggy: Indian businesses anticipate strong market growth in 2024 and want to raise over Rs 1 lakh crore through initial public offerings (IPOs)—double the amount they raised through IPOs the year before, which was Rs 2000 crore. Numerous sizable initial public offerings (IPOs) are planned. Swiggy to Ola Electric, Brands aim for Rs 1 trillion…

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