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India, Swiggy
Swiggy delivers 17% surge in debut as investors bet on Indian quick commerce
BENGALURU (Reuters) -SoftBank-backed
Swiggy
's shares ended nearly 17% higher in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries.
Swiggy’s IPO Debut Tests Demand for India’s Rapid-Delivery Firms
Swiggy Ltd.’s shares are set to start trading in Mumbai on Wednesday, marking a test for investor interest in India’s burgeoning quick-commerce sector.
India Delivery App Swiggy Shares Gain On Market Debut
Indian food delivery firm Swiggy rose more than 10 percent on its market debut Wednesday, after raising $1.34 billion in the country's second-biggest IPO this year, as investor optimism at quick commerce offset profit concerns.
abp LIVE on MSN
17m
Swiggy’s Stock Market Debut Turns 500 Employees Into 'Crorepatis' With Rs 9,000 Crore In ESOPs
Swiggy's initial public offering (IPO) had set the price band between Rs 371 and Rs 390 per share, marking a significant ...
3m
Early investors cheer Swiggy’s listing pop, but analysts are mixed on the stock
Several brokerages have initiated coverage on Swiggy stock, which popped 7.7% upon listing on Wednesday, with perspectives ...
Your Story
11m
Zomato CEO congratulates Swiggy on stock market listing
In a kind gesture, Zomato CEO Deepinder Goyal on Wednesday congratulated rival
Swiggy
on its stock market debut.
Swiggy
's ...
Best Media
5m
From doorbells to NSE bell: Swiggy rings in its stock market debut with ad film
Swiggy draws a parallel between the countless doorbells rung by Swiggy's delivery executives and the ceremonial bell now ...
1h
on MSN
Swiggy's listing surprised investors; here's what analysts have to say on valuation compare with Zomato
Shares of the food and quick-commerce platform got listed at a premium of 7.69 per cent at Rs 420 as against their issue ...
Business Line
6h
Swiggy shares jump 10% post-listing
Sriharsha Majety, chief executive officer of
Swiggy
Ltd., center left, and Ashish Kumar Chauhan, chief executive officer of ...
43m
on MSN
Swiggy makes a grand debut, stock surges 10% on first day of listing
Food delivery giant Swiggy debuted on the Indian stock market with its shares listing at a premium of nearly 8%, ...
1h
Swiggy’s ‘extraordinary’ growth driven by focus on customer satisfaction: Accel’s Anand Daniel
Accel co-led Swiggys seed round in 2015 and also participated in subsequent funding rounds. “Swiggy's growth has been ...
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Initial public offering
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