The FinTech Hub
Source: Live Mint Swiggy Limited, the online food delivery and quick commerce firm, on Tuesday said it has raised around ₹5,085 crore from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company’s exchange filing. As per the exchange filing, the company has allocated 13,03,85,211 or 13.03…
Source: Live Mint Food and grocery delivery giant Swiggy is set to raise ₹11,300 crore through its initial public offering (IPO), which will open for public subscription on November 6. The price band of the upcoming IPO will be priced in the range of ₹371 to ₹390 each, according to PTI report. The IPO will…
Source: Live Mint Zomato Ltd’s September quarter (Q2FY25) result was decent. A key parameter – the gross order value (GOV) – of food delivery and Blinkit grew by 21% and 122% year-on-year, respectively. Growth rates are in line with management’s guidance. The company needs an average GOV of ₹7 lakh a day per store to…
Source: Live Mint Swiggy, the food and grocery delivery platform backed by Prosus and SoftBank, aims for a valuation between $11.7 billion and $12.7 billion in its upcoming IPO. According to sources cited by Moneycontrol, the company is preparing to launch its IPO in the first half of November, though the timeline may shift based…
Source: Business Standard Premium Live events firms, as per industry experts, do not offer much by way of differentiation. | Photo: Shutterstock 5 min read Last Updated : Oct 02 2024 | 5:52 PM IST Fans of English rock band Coldplay were left distraught after tickets to their Mumbai show on ticket booking platform…
Source: Live Mint Hiren Ved, director and chief investment officer at Alchemy Capital Management, noted that investors are increasingly moving away from traditional FMCG stocks. “They are turning to aggregators and e-commerce platforms, particularly quick commerce, which sell both discretionary as well as non-discretionary consumer items as it provides a better proxy for growth as…
Source: Live Mint Food delivery giant Zomato revealed that it has granted a total of 11,997,768 shares under its employee stock ownership plans (ESOPs). The announcement was made on Wednesday, October 2, 2024. With Zomato’s shares closing at ₹275.20 on the Bombay Stock Exchange (BSE) during the last trading session of the week, the total…
Source: Business Standard 2 min read Last Updated : Oct 04 2024 | 10:08 PM IST IPO-bound food tech platform Swiggy on Friday announced the launch of its 10-minute meals and beverages delivery service Bolt. It is already operational in key locations across six major cities — Hyderabad, Mumbai, Delhi, Pune, Chennai, and…
Source: Live Mint However, with most IPOs getting oversubscribed, securing an allotment has become increasingly challenging. To boost their chances, some investors are turning to IPO loan financing—a strategy that allows them to bid for a higher number of shares than their available capital would typically permit. Read this | Why you should approach the…
Source: Live Mint While excitement remains high in India’s secondary market, where the benchmark indices are reaching new heights daily, the primary markets are also buzzing and witnessing a flurry of activity. Once dominated by institutions, India’s primary market is now experiencing a surge in retail participation, driven by the potential for higher returns and…
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