Swiggy has raised around $606 million from a set of over 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week. The Bengaluru-based startup, which is seeking an $11.3 billion valuation in the […] © 2024 TechCrunch. All rights reserved. For personal use only.

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Swiggy IPO nets $606 million from institutional investors

Get latest articles and stories on Latest News at LatestLY.   A day before its initial share-sale opening for public subscription, food delivery and quick-commerce major Swiggy on Tuesday said it has collected Rs 5,085 crore from anchor investors.
Latest News | Ahead of IPO, Swiggy Mobilises Rs 5,085 Crore from Anchor Investors.

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Ahead of IPO, Swiggy Mobilises Rs 5,085 Crore from Anchor Investors

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A day before its initial public offering opens, Swiggy Ltd. has raised Rs 5,085 crore by allocating 13.03 crore shares to high-profile anchor investors, including Fidelity and Blackrock, with sizeable participation from domestic investors.Of the total allocation of 13.03 crore shares, about 5.3 crore shares or 40.65% of the total allocation were allocated to 19 domestic mutual funds.Other prominent investors include Fidelity, Kotak, ICICI, HSBC,…

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Swiggy Raises Rs 5,085 Crore From Anchor Investors

New Delhi, Nov 5 (PTI) A day before its initial share-sale opening for public subscription, food delivery and quick-commerce major Swiggy on Tuesday said it has collected Rs 5,085 crore from anchor investors.Among the investors who were allocated shares are New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund and Schroder International, according…

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Ahead of IPO, Swiggy mobilises Rs 5,085 crore from anchor investors

Food and grocery delivery giant Swiggy Ltd raised ₹5,085.02 crore from anchor investors on November 5, pricing its allocation at the upper end of ₹390 per share in anticipation of its upcoming IPO. The anchor book saw strong participation from over 75 investors, both domestic and international, reflecting robust demand. Domestic institutions, including top mutual funds like SBI MF, ICICI Prudential MF, and Kotak MF, accounted for 56% of the anch…

Business Upturn

Swiggy secures ₹5,085 crore from anchor investors at ₹390 per share ahead of IPO

Ahead of its highly anticipated market debut, foodtech major Swiggy on Tuesday (November 5) raised INR 5,085 Cr from anchor investors at INR 390 per share.  The startup allotted 13.03 Cr shares to 75 anchor investors, including Fidelity, HSBC India, Invesco India, Whiteoak Capital, and Societe Generale, among others.  “The IPO Committee of the Company at its meeting held on November 5, 2024… has finalised allocation of 13,03,85,211 equity shares…

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Ahead Of IPO, Swiggy Bags INR 5,085 Cr From Anchor Investors

Entrackr

Swiggy raises over $600 Mn from anchor investors ahead of listing

Swiggy’s Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company’s high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability. According to a blog by the online trading platform, the food delivery platform has “consistently incurred net losses and negative cash flows sinc…

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Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One #AngelInvestor #BlackInvestors #Business

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Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One #WorkFromHome #Entrepreneurship #MakeMoneyOnline #OnlineBusiness

Swiggy has raised around $606 million from a set of over 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week. The Bengaluru-based startup, which is seeking an $11.3 billion valuation in the IPO, received bids worth $15 billion for the $600 million portion. Indian institutional investors received abo…

Swiggy IPO nets $606 million from institutional investors

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