Dalal Street adds food delivery and quick commerce player Swiggy on domestic bourses

Quick Summary:

As Swiggy prepares to present its second-quarter earnings, investors will keenly look at average order value and dark store network expansion for Swiggy, as well as profitability in its food delivery business and monthly transacting users on the platform.

It is looking to raise Rs 11,700 crore at a valuation of around Rs 87,000 crore, or about $11.3 billion at the upper price band.

The quick commerce and food delivery giant has set its price band at Rs 371 to Rs 390 apiece.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Research Food Privacy According Billion Listing Swiggy Delivery Policy Investors Quick

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 16:59:25 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 283 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 48 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23557125

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