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The Crucial Five: Decoding Swiggy’s Roadmap To A Blockbuster $1.2 Bn Public Listing

Inc42Inc42 · 1y ago
The Crucial Five: Decoding Swiggy’s Roadmap To A Blockbuster $1.2 Bn Public Listing
Medial

Swiggy, the Bengaluru-based foodtech major, is preparing for a $1.2 billion IPO and is in discussions to enter the B2B space to boost its revenue streams. Industry experts suggest that Swiggy should target a modest valuation, similar to its last funding round, rather than aiming for a high valuation. Swiggy could tap into foreign institutional investors' capital and leverage Zomato's successful IPO to secure a healthy stock market debut. The quick commerce vertical, which includes Swiggy's Instamart, is also expected to contribute to Swiggy's growth and revenue. Additionally, Swiggy is exploring opportunities in the B2B sector and expanding its offerings beyond food delivery.

Unveiling a Special Investment Corpus for the Hospitality Sector, with Restaurant Eve in Worli as Its First Beneficiary

VCCircleVCCircle · 1y ago
Unveiling a Special Investment Corpus for the Hospitality Sector, with Restaurant Eve in Worli as Its First Beneficiary
Medial

A consortium of investors led by Entrepreneurship Drive, founded by Addishree, has introduced a private investment corpus exclusively for the hospitality industry. The initiative begins with a $9 million investment and aims to revitalize the food and beverage sector as well as travel and tourism. The first beneficiary of this corpus is the fine dining restaurant Eve, which has already been successful in Powai and is now opening in Worli. In addition, the team is launching ImmerShiva, an immersive travel enterprise. The investment corpus is actively seeking travel tech companies and global collaborations for expansion into the Indian market.

Plane acquires US-based Sort

EntrackrEntrackr · 2m ago
Plane acquires US-based Sort
Medial

Open-source project management startup Plane has acquired Sort, a US-based engineering team specializing in AI-native enterprise workflows, marking its official expansion into the North American market. The move comes 18 months after Plane raised $4 million in seed funding. The Sort team brings deep expertise in enterprise software and AI systems, using Plane’s capabilities in infrastructure, on-prem deployment, and workflow automation. The acquisition strengthens Plane’s product offering as a modern, self-hosted platform tailored for security-conscious organizations, and accelerates its enterprise go-to-market efforts across North America. Plane is an open-source project management platform built for modern teams, combining task tracking, wikis, and timelines in a unified interface. With advanced features like custom workflows, RBAC, audit logs, and air-gapped deployments, it serves over 100,000 users globally. With its US expansion and a team featuring veterans from MongoDB, PayPal, Elastic, and BitGo, Plane is planning to become a category-defining Work OS that balances openness, control, and enterprise-grade performance.

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