Partnership · Commerce & Consumer Brands

Swiggy plans IPO with valuation of $11.3 billion

By Startup Enthusiast · 22 October 2024

What they do

Swiggy is a food delivery and quick commerce platform operating in India

Swiggy plans to launch a mega IPO between November 6 and November 8, 2024, with a target valuation of $11.3 billion

The IPO includes a primary component of Rs 4,500 crore and an offer-for-sale component, depending on investor participation

Swiggy, a food delivery and quick commerce platform, is planning a mega initial public offering (IPO) between November 6 and November 8, 2024.
The IPO is expected to have a valuation of around $11.3 billion, according to a report by Moneycontrol.
The primary component of the IPO has been upsized to approximately Rs 4,500 crore, and the offer-for-sale component will depend on investor participation.
Swiggy's quick commerce division, Swiggy Instamart, is expanding into the e-pharmacy market by partnering with PharmEasy to deliver prescription medicines within 10 minutes in Bengaluru.
Swiggy Instamart is also expanding its service to include over-the-counter (OTC) medications, such as pain relief sprays, through its existing delivery network.

The company's quick commerce division, Swiggy Instamart, is competing with other platforms like Zomato-owned Blinkit, Zepto, and Bigbasket.
Swiggy's partnership with PharmEasy demonstrates its strategy to diversify its offerings and provide faster access to essential goods.

Swiggy operates a food delivery service and a quick commerce division called Swiggy Instamart.
The company competes with other quick commerce platforms like Blinkit, Zepto, and Bigbasket.
Swiggy's website provides information about job opportunities and career paths within the company.

Swiggy plans to launch its IPO between November 6 and November 8, 2024.
The company is expanding its quick commerce and e-pharmacy services, including a pilot for prescription medicine delivery in Bengaluru.