Swiggy plans to raise Rs 5,000 crore via fresh issue in upcoming IPO

Quick Summary:

This was driven by strong growth in its out-of-home consumption business and quick commerce vertical Instamart.

Players like Zepto, Blinkit, and BB Now are rapidly expanding their operations, whether in terms of category expansion, scaling their dark store networks, or entering newer cities.

During the same period, its losses were down 44 per cent from Rs 4,179 crore to Rs 2,350 crore.

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Article Details

Category: BusinessFinance

Markets: India

Topics: IPO Swiggy funding Swiggy ipo Swiggy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 18:13:50 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 22448698

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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