Login

News on Medial

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

LivemintLivemint · 8m
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 â‚č1,41,072.44 crore. Despite growing revenue, Swiggy's net loss also increased significantly, reaching â‚č4,179 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.

2
1
View Source

Comments

Havish Gupta
Havish GuptaFiguring Out....

Baron be like; ipo ke baad paisa ho paisa hoga

Reply
0
8 months ago

More Like this

Baron Capital values Swiggy at $14.7 Bn

Baron Capital values Swiggy at $14.7 Bn

Baron Capital marks Swiggy valuation at $12.1 billion, up 13% from last fundraise

Baron Capital marks Swiggy valuation at $12.1 billion, up 13% from last fundraise

Baron raises Swiggy stake's value to $87 mn, values startup at $12 bn

Baron raises Swiggy stake's value to $87 mn, values startup at $12 bn

Baron values Swiggy at $12.16B, above prior private market valuation

Baron values Swiggy at $12.16B, above prior private market valuation

Baron Capital marks up Swiggy’s valuation to $15.1 Bn

Baron Capital marks up Swiggy’s valuation to $15.1 Bn

Baron Capital Marks Up Swiggy’s Valuation To $12.16 Bn

Baron Capital Marks Up Swiggy’s Valuation To $12.16 Bn

Swiggy To Command Lower Valuation Than Zomato In Public Market: Elara Capital

Swiggy To Command Lower Valuation Than Zomato In Public Market: Elara Capital

Invesco Marks Up Swiggy’s Valuation To $13.3 Bn Ahead Of IPO

Invesco Marks Up Swiggy’s Valuation To $13.3 Bn Ahead Of IPO

Baron Capital marks up fair value of Swiggy at $12.1 billion

Baron Capital marks up fair value of Swiggy at $12.1 billion

IPO-bound Swiggy's valuation up by 13% at $12.1 bn from $10.7 bn: Report

IPO-bound Swiggy's valuation up by 13% at $12.1 bn from $10.7 bn: Report

Download the medial app to read full posts, comements and news.