Swiggy’s public debut will test India’s appetite for $1B+ IPOs

Quick Summary:

Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato.

It helps that the Indian food delivery market has long been a duopoly between Zomato and Swiggy.

Quick-commerce firms such as Instamart, Zomato-owned BlinkIt, Zepto, BigBasket, and Minutes are changing consumer behavior in urban Indian cities, home to about 80 million people.

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Article Details

Author / Journalist: Manish Singh

Category: StartupsBusiness

Markets: United StatesIndiaNorwaySingapore

Topics: Swiggy Swiggy ipo Commerce Swiggy Instamart Zomato Zepto Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 12:16:07 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 909 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © TechCrunch

News ID: 23514938

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