BENGALURU: Accel secured $650 million for its eighth India-focused fund, as shown in the US SEC filings. This commitment demonstrates confidence in India’s growing startup ecosystem, despite global economic uncertainties affecting investment sentiment.With this capital, Accel intends to enhance its backing for both nascent ventures and existing portfolio companies across sectors. This capital raise aligns…
MUMBAI: After Swiggy’s bumper listing on the bourses last month, Prosus is eyeing more initial public offerings in India, a market where it has invested more than $8 billion over the years. In an earnings presentation on Monday, the Dutch technology investor said that five Indian companies from its portfolio including Meesho, Bluestone and PayU…
Zomato shares adorable post for Swiggy (Credits: Canva) The food delivery giant Zomato extended a warm welcome to Swiggy as it made its stock market debut on November 13, 2024. The company shared healthy competition through social media , that highlighted the friendly rivalry between the two leading food tech companies in India.Zomato’s post on…
MUMBAI: Swiggy’s Rs 11,327-crore IPO, the second-largest issue in India this year, was subscribed 3.6 times on Nov 8, the last day of its bidding, helped by backing from institutional investors. Swiggy shares will be listed on the bourses on Nov 13. Ready to Master Stock Valuation? ET’s Workshop is just around the corner! Source…
Swiggy IPO: Investors can participate in the IPO until November 8. Swiggy IPO: Food delivery and quick commerce platform Swiggy’s IPO worth Rs 11,324 crore opens today. It consists of Rs 4,500 crore fresh issue and remaining as an offer for sale. Without a specific promoter, various institutional investors including Accel India, Apoletto Asia, Alpha…
Last Updated:November 05, 2024, 15:43 IST Swiggy is serving the IPO at a lower valuation of $11.3 billion as against its earlier target of around $15 billion; Should you invest? Swiggy IPO Opens On Wednesday Swiggy IPO: The much-awaited Swiggy IPO opens for bidding on November 06. The company aims to raise Rs 11,327.43 crore…
Last Updated:November 04, 2024, 17:19 IST Swiggy IPO: The grey market activity currently suggests very less interest in the IPO even as Swiggy’s unlisted shares are trading at just a 4.87 per cent premium. Swiggy IPO will be available for public subscription between November 6 and November 8. Swiggy IPO: The initial public offering of…
