Swiggy Market Shares

Online food delivery platform Swiggy saw a muted response to its Rs 11,327 crore IPO on the first day of bidding on Wednesday. Till about 4 pm, Swiggy received a total of 1,78,10,182 bids as against 16,01,09,703 shares.

Shares of Indian food delivery company Zomato fell more than 14 percent to a record low on Monday, as a one-year share lock-in period for promoters, employees and other investors expired following the 2021 listing.

Zomato said it would price its Rs. 9,375-crore IPO at Rs. 72–Rs. 76 per share, with the IPO set to open for subscription from July 14 to 16.

Zomato's top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13 per cent. It had a 26.38 per cent stake, as of March last year. The fund infusion comes as Zomato pushes for a bigger market share in the highly competitive food delivery space in a race with rivals such as Tencent-...

An unverified blog post written supposedly by employees and ex-employees of Swiggy, which noted several instances of the startup lying to its restaurant partners about its market share and finances, went viral Wednesday morning.

Online food delivery platform Swiggy saw a muted response to its Rs 11,327 crore IPO on the first day of bidding on Wednesday. Till about 4 pm, Swiggy received a total of 1,78,10,182 bids as against 16,01,09,703 shares.

Shares of Indian food delivery company Zomato fell more than 14 percent to a record low on Monday, as a one-year share lock-in period for promoters, employees and other investors expired following the 2021 listing.

Zomato said it would price its Rs. 9,375-crore IPO at Rs. 72–Rs. 76 per share, with the IPO set to open for subscription from July 14 to 16.

Zomato's top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13 per cent. It had a 26.38 per cent stake, as of March last year. The fund infusion comes as Zomato pushes for a bigger market share in the highly competitive food delivery space in a race with rivals such as Tencent-...

An unverified blog post written supposedly by employees and ex-employees of Swiggy, which noted several instances of the startup lying to its restaurant partners about its market share and finances, went viral Wednesday morning.