Prosus has made a significant gain of more than $2 billion from its investment in Swiggy, the popular food delivery platform, as the company moves towards its IPO in India. The move underscores the growing value of Prosus’s investment portfolio, which has been expanding beyond its holdings in Chinese tech giant Tencent.
A Big Win for Prosus with Swiggy’s IPO
Swiggy, India’s leading food…
Swiggy, India’s popular food and grocery delivery platform, is making major moves as it prepares for its highly anticipated Initial Public Offering (IPO). The company has successfully raised ₹5,085 crore (around $600 million) from more than 75 anchor investors. This marks a key milestone ahead of the official IPO launch, set to happen soon. Here’s everything you need to know about Swiggy’s…
Swiggy, the leading food delivery platform based in Bengaluru, has been valued at $11.5 billion by investor 360 One WAM, according to a recent investor presentation seen by ET. This valuation comes as Swiggy prepares to go public through a significant $1.25 billion IPO process.
In the first half of fiscal 2024, Swiggy reported impressive revenues of INR 7,474 crore. This financial performance…
