Food delivery aggregator Swiggy early investors see gains from 3x to 35x

Quick Summary:

Norwest Venture, which invested in Swiggy's Series B round in 2015, will make gains of up to 26 times, with an acquisition cost of Rs 14.

He was responding to the question of why some investors have not opted to exit during the initial public offering (IPO).

Prosus’s total shareholding in the company is 30.95 per cent, and it is selling 109.1 million shares, down from the earlier 118.2 million shares.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Early investors DRHP Indian companies Indian markets Food delivery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:01:20 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 326 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23339655

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