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Robotic Automations

Zepto raises another $350 million amid retail upheaval in India | TechCrunch

November 22, 2024 2:37 AM0


Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal […]

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Software Development in Sri Lanka

Robotic Automations

Swiggy market debut fuels India's food, quick commerce wars | TechCrunch

November 13, 2024 10:29 AM0


Shares of Swiggy dropped 4% to 401 rupees on Wednesday as the food delivery and quick commerce startup concluded India’s second-largest IPO this year, in a closely watched debut that puts it in direct comparison with what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks […]

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Software Development in Sri Lanka

Robotic Automations

Swiggy's public debut will test India's appetite for $1B+ IPOs | TechCrunch

November 11, 2024 6:04 PM0


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 will also test the nation’s appetite for IPOs that can scale past the $1 billion mark.  For its IPO, Swiggy has already secured $1.4 billion from institutional investors […]

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Software Development in Sri Lanka

Robotic Automations

Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato's worth | TechCrunch

October 30, 2024 1:10 PM0


Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap. The lossmaking Bengaluru-based company has set an IPO price band of ₹371 to ₹390 ($4.41-$4.64) per share for next month’s IPO. […]

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Software Development in Sri Lanka

Robotic Automations

Swiggy escalates India quick-commerce battle with 10-minute meals | TechCrunch

October 18, 2024 6:56 PM0


Swiggy, India’s leading food delivery startup, said Friday it has started to deliver meals in 10 minutes across parts of major cities, intensifying the quick-commerce race in the world’s second-largest internet market.  The Bengaluru-headquartered startup, which is targeting to go public in about a month, said it has partnered with more than 2,700 restaurants, including […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

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