Swiggy IPO: Company Grants ESOPs Worth $270 Million to CEO
WEB1 day ago · The ESOPs will raise Majety’s stake in Swiggy from 6.23 per cent to about 8.43-8.73 per cent. He will offload his equity shares worth $7.5 million in Swiggy in the upcoming IPO. Swiggy filed its updated DRHP on September 26. Earlier, the company had filed a confidential DRHP with capital markets regulator Sebi.
Swiggy's $271 mn Esop plan benefits top brass before $1.25 bn IPO ...
WEB1 day ago · Swiggy’s compensation plan mirrors similar moves by other high-profile tech companies ahead of their public listings. In 2021, Zomato, Swiggy’s chief rival, granted Esops worth $376 million to its founder and CEO, Deepinder Goyal, ahead of its IPO. As of June 2023, Goyal held a 4.2 per cent stake in Zomato valued at over $1.2 billion.
Swiggy IPO: Good for the sector to have multiple players, says …
WEB2 days ago · His comments come nearly a week after Swiggy received an approval from the Securities and Exchange Board of India (Sebi) to float its $1.25-billion IPO, one of the largest for a new-age company in ...
Swiggy increases fresh issue portion of IPO to ₹5000 crore, IPO …
WEB6 days ago · Under the revised IPO structure, Swiggy will now raise approximately ₹11,664 crore, or $1.4 billion, marking an increase from the previously planned $1.2Bn (~₹10,414 crore).
Swiggy IPO: Bumper Diwali ahead? Potential, valuation discounts …
WEBSep 27, 2024 · Swiggy IPO: According to the updated draft red herring prospectus (UDRHP), the proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders. With the filing of draft papers for Swiggy IPO amid the buzz around it, the development has filled excitement in the investors which is also evident from its ...
Invesco raises its valuation of Swiggy to $13.3B | TechCrunch
WEBOct 1, 2024 · U.S. asset manager Invesco has raised the value of its stake in Swiggy, ascribing an implied valuation of about $13.3 billion to the Indian food-delivery and quick-commerce startup that is on ...
Swiggy files for $1.25 bln IPO in India's booming stock market
WEBSep 26, 2024 · The IPO also comes as India's stock markets surged to record highs recently, with about 235 companies raising more than $8.6 billion - more than double the amount raised last year, LSEG data showed.
Swiggy weighs increasing its IPO size by $150M, aiming to raise …
WEBSep 9, 2024 · Swiggy, valued at $10.7 billion in its last fundraise in early 2022, is considering going ahead with its plan to sell about $800 million worth of shares from existing investors in the IPO,...
Swiggy files for $1.25 billion IPO in India's booming stock market
WEBSep 26, 2024 · NEW DELHI/BENGALURU (Reuters) -SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to...
Swiggy shareholders give nod to $1.2-billion IPO: What we know …
WEBSwiggy IPO: Swiggy received approval from shareholders for a $1.2-billion initial public offering (IPO), as per regulatory filings with the registrar of companies (RoC), Moneycontrol...