Swiggy transitions to a public company, preparing for a major IPO in 2024. The shift signals growth and investor readiness.
Source: Livemint
Swiggy, now ‘Swiggy Limited’, plans to file for IPO, aiming to raise about $1 billion. A strategic step towards market expansion.
Source:Livemint
Swiggy's IPO move echoes the trend of Indian internet companies like Ola Electric (awaiting IPO) and Mamaearth’s Honasa going public.
Source:Livemint
Earlier in 2023, Swiggy renamed itself from ‘Bundl Technologies’ for stronger brand recognition in the food delivery sector.
Source:Livemint
Pre-IPO, Swiggy focuses on financial health, reducing losses, and optimizing its Instamart division’s performance.
Source:Livemint
Swiggy’s recent financials: $207M loss on $1.02B revenue (9 months ending Dec ‘23). A strategic push to profitability is underway.
Source:Livemint
Swiggy's upcoming IPO marks a key milestone. A billion-dollar ambition setting the stage for its next growth phase.
Source:Livemint