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Swiggy gets shareholder nod to upsize IPO fresh issue

TMT

04 October, 2024

Swiggy gets shareholder nod to upsize IPO fresh issue

SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size ......

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Grapevine: Swiggy, Hyundai, InCred in IPO news; Jupiter eyes SBM India

General

25 September, 2024

Grapevine: Swiggy, Hyundai, InCred in IPO news; Jupiter eyes SBM India

Swiggy has secured approval from Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) of shares ......

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Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO

General

16 September, 2024

Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO

Temasek Holdings Pte is nearing a deal to acquire a significant minority stake in VFS Global, valuing the visa outsourcing firm at ......

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Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

General

10 September, 2024

Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report ......

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Grapevine: Swiggy to focus on Instamart; US pension fund delegation in India

General

06 September, 2024

Grapevine: Swiggy to focus on Instamart; US pension fund delegation in India

Swiggy will direct a large portion of the proceeds from its upcoming $1.25 billion (Rs 10,490 crore) initial public offering (IPO) ......

Swiggy beats Zomato in food delivery race but lags in quick commerce

TMT

04 September, 2024

Swiggy beats Zomato in food delivery race but lags in quick commerce

IPO-bound Swiggy’s consolidated revenue from operations increased nearly 36% to Rs 11,247 crore in the financial year ending March 2024, ......

Swiggy hires Flipkart exec to lead quick commerce vertical Instamart

People

29 August, 2024

Swiggy hires Flipkart exec to lead quick commerce vertical Instamart

IPO-bound Swiggy has appointed Amitesh Jha as the chief executive of its quick commerce unit Instamart, ahead of the food ......

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Grapevine: Fairfax, Bain eye API maker; ChrysCap nears deal for Belgian Waffle

General

28 August, 2024

Grapevine: Fairfax, Bain eye API maker; ChrysCap nears deal for Belgian Waffle

Canadian billionaire Prem Watsa's Fairfax and US private equity firm Bain Capital are competing to acquire Vadodara-based API maker Farmson Basic Drugs in a deal ......

SoftBank-backed Swiggy looking at $15 bn valuation for upcoming IPO

Finance

23 August, 2024

SoftBank-backed Swiggy looking at $15 bn valuation for upcoming IPO

SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering ......

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Grapevine: Amazon in talks for Instamart deal; AM Green eyes Assam Bio, Chempolis Oy

General

22 July, 2024

Grapevine: Amazon in talks for Instamart deal; AM Green eyes Assam Bio, Chempolis Oy

Amazon India has approached Swiggy for a potential deal involving its quick commerce business, Instamart, a media report said.   Amazon is interested in ......

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