Source: Moneycontrol
Increased Fresh Issue
Swiggy increases fresh issue from Rs 3,750 Cr to Rs 5,000 Cr (+Rs 1,250 Cr).
Total IPO Value
Total IPO size could reach $1.4 billion, up from $1.25 billion.
Competitive Market
Swiggy readies cash in a competitive market as rivals like Zomato and Blinkit grow.
Financial Improvements
Swiggy’s FY24 revenue grew 36% to Rs 11,247 Cr, while losses dropped by 44%.
Rival Comparison
Zomato reported Rs 12,114 Cr in revenue and Rs 351 Cr profit, while Swiggy posted a Rs 2,350 Cr loss.
Reason for IPO Increase
Swiggy boosts cash reserves as rivals raise funds and expand aggressively.