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Can Swiggy Replicate Zomato’s Success On The Bourses?

Inc42Inc42 · 19d
Can Swiggy Replicate Zomato’s Success On The Bourses?

- Swiggy's IPO is one of the most anticipated IPOs in the Indian startup ecosystem and public market. - Public market investors are attracted to Swiggy due to the company's potential in the food delivery and quick commerce sectors. - Swiggy's quick commerce business has shown significant growth, with a FY24 Gross Order Value (GOV) of INR 8,068.6 Cr, up over 57% YoY. - While a direct comparison between Swiggy and Zomato is necessary, investors see the potential in Swiggy's quick commerce business. - Investors should consider Swiggy and Zomato as startup investments, understanding that there may be ups and downs in terms of profitability. - Swiggy's unlisted shares are currently trading at INR 485-INR 515 in the grey market. However, concerns about high valuation and losses on the books remain.

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