Swiggy Funding

Swiggy's H1 FY26 losses surge 109% to $178 mn: Dutch investor Prosus

In the January to June period this year, Swiggy grew its customer base by 35 per cent year-on-year (Y-o-Y) to 21.6 million and its GOV was up 43 per cent

Eternal vs Swiggy: Deja Vu in QC battle, but this time could be different

After a brief period of calm & improving profitability, both Eternal (Zomato) & Swiggy appear set for another showdown, reminiscent of the fiery land-grab phase that began in late 2024, analysts said.

3 reasons why Nomura raised its target price on Swiggy to ₹560; check here

Swiggy's food delivery (FD) arm continued its solid performance in the September quarter (Q2FY26), driven by sustained order growth and operational efficiency.

Swiggy needs $500 mn war chest for quick commerce battle: JM Financial

JM Financial downgraded Swiggy citing widening losses and balance sheet stress, warning the firm needs over $500 million to sustain Instamart against Blinkit's rapid expansion

Swiggy launches high-protein food category across 30 cities in India

Food-delivery platform launches curated section with over 500,000 protein-rich dishes from 35,000 restaurants as India faces widespread protein deficiency

Swiggy names Saurav Goyal SVP to head Driver and Delivery Organisation

Goyal, who led business finance and contributed to Swiggy's IPO, will now oversee delivery operations and drive partner empowerment as part of leadership transition

Swiggy delivers over 300k cakes on Mother's Day 2025, big jump from 2024

Major cities like Mumbai, Bangalore, Delhi and Hyderabad topped the list for cake orders on Mother's Day 2025. Smaller cities like Nellore, Ujjain, Bhilwara, Kurukshetra also saw surge in cake orders

Swiggy launches Pyng, a new app to connect users with professionals

This marks Swiggy's entry into the growing market of professional services. As of now, Pyng is available to users in Bengaluru

Swiggy to make 500 employees crorepatis after its IPO: Here's how

On the Bombay Stock Exchange (BSE), the stock opened at Rs 412, registering a 5.64% gain from the issue price. This listing is set to bring significant value through Esops

Expecting very solid growth for next 3-5 years: Swiggy CEO Majety

Food delivery and quick-commerce major Swiggy on Wednesday said it is expecting "very solid" growth in the next 3-5 years and plans to expand its geographical footprint and stores network for Instamart business. The company which made a strong debut on the stock exchanges on Wednesday said it has doubled the categories for quick commerce in the last 12 months. "We are expecting very solid growth for the next 3-5 years. We are expanding our geographical footprint, stores network for Instamart business," Swiggy CEO Sriharsha Majety said post the listing ceremony. Swiggy listed at Rs 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. Later, it surged 15.12 per cent to Rs 449 apiece. The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription. The initial share sale had a price range of Rs 371-390 a share. The company's IPO (Initial Public Offering) had a fresh issue of

Swiggy enters Rs 1 trn market-cap club on debut; up 15% over issue price

At 11:15 am on Wednesday; Swiggy's market cap stood at Rs 100,148 crore (Rs 1.0 trillion), the NSE data shows.

Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid

Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times

Swiggy confident of growth, emphasises strength in consumer insight

Swiggy remained optimistic of growth in quick commerce amid growing competition from deep pocket players and said it has grown amid intense competition over the past decade, an official said on Thursday. In an interview to PTI, CEO Food of Swiggy, Rohit Kapoor, acknowledged the possibility of the entry of Jio into the hyperlocal delivery market as a competitor, but underscored that building a successful business in this sector requires more than just capital. Speaking on the competitive dynamics, Kapoor said that while funding is important, it is not the sole determinant of long-term success, referencing examples of well-capitalised players in India who failed to establish a lasting presence. "Just having a lot of capital has not resulted in great businesses in India," the official said, adding that success hinges on several other elements," he said. "You need a strong ability to hire top technical talent, and that's something traditional companies often struggle with. Beyond talen

Swiggy $1.4 bn IPO opens for orders as Indian stocks lose some appeal

While India was an outlier in Asia with a string of high-profile offerings this year, Swiggy's IPO comes after a slide in Indian equities in October that is expected to extend into November

Swiggy seeks valuation of $11.3 billion; IPO to open on Wednesday

Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about USD 11.3 billion. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore. Swiggy has set a price band of Rs 371 to Rs 390 per share for its maiden public issue. The issue will open for public subscription on November 6 and conclude on November 8. Speaking about the pricing, Swiggy Food Marketplace CEO Rohit Kapoor said, "We feel we have priced it right and we are looking forward to the next few days." The valuation of Swiggy has been pegged at about USD 11.3 billion (about Rs 95,000 crore) at the upper price band. Rival Zomato, which went public in July 2021, has a market valuation of Rs 2.13 lakh crore. "Our pricing is in the range of Rs 371-390 which corresponds to a value of about USD 11.3

SoftBank-backed Swiggy's Rs 11,000-cr IPO key details revealed; check here

At the upper end, the company seeks to raise Rs 11,327.43 crore by offering a fresh issue of 115,358,974 shares, and an offer for sale of 175,087,863 shares with a face value of Re 1 apiece

Swiggy IPO ups primary fundraise to Rs 4,499 cr, cuts secondary share sale

Food and grocery delivery company expected to announce its IPO price band on Wednesday

Licious FY24 loss drops by 44%, 3rd party channel closures impact revenue

This growth is majorly fueled by the launch of 17 native GenAI language models in India, a 4.6 times surge in GenAI services

IPO fundraise thus far in 2024 third highest in primary market history

IPO pipeline for the remaining part of CY24 remains strong. 25 companies plan to raise nearly Rs 63,550 crore and have Sebi's approval