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Ahead of Swiggy IPO, Baron values it at over $12 billion: Report

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Ahead of Swiggy IPO, Baron values it at over $12 billion: Report

US-based fund manager Baron has updated the value of its stake in Swiggy to $87.2 million, indicating a valuation of $12.16 billion for the hyperlocal commerce unicorn. This comes as Swiggy prepares for its upcoming IPO. Meanwhile, Swiggy's competitor Zomato has seen a 58% surge in stock price over the last six months, with a market capitalization of ₹1,41,072.44 crore. Despite growing revenue, Swiggy's net loss also increased significantly, reaching ₹4,179 crore in FY23. Zomato, on the other hand, achieved profitability for the third consecutive quarter and reported a notable growth in revenue. The article also mentions Swiggy's collaboration with Indian Railway Catering and Tourism Corp (IRCTC) to provide pre-ordered meals at railway stations.

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Havish Gupta
Havish GuptaFiguring Out....

Baron be like; ipo ke baad paisa ho paisa hoga

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7 months ago

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