Swiggy delivers 15% jump in India debut as investors bet on quick commerce
SoftBank-backed Swiggy's shares jumped nearly 15 per cent in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries.
As of market close, Swiggy's share price stood at INR 464 on the NSE recording a high and low of INR 465.80 and INR 391, ...
The shares of Swiggy Ltd were listed at ₹420 on the NSE, a 7.7% premium over the ₹390 issue price and it opened at ₹412 on ...
Swiggy is the first company to list through the Securities and Exchange Board of India's confidential listing route, ...
Following its debut, Swiggy has also received its first brokerage coverage with a BUY rating. Broker JM Financial likes ...
An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition ...
In August, Flipkart senior vice president of category and marketplace Amitesh Jha joined Swiggy as the chief executive of ...
It has an army of gig workers, a fleet of mini-warehouses and big-name investors. But a knockout trading debut isn’t a ...
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India’s Antitrust Probe Finds Zomato and Swiggy Favored Select RestaurantsIndia’s antitrust regulator has found that food delivery giants Zomato and Swiggy engaged in practices that breached competition laws by favoring select restaurant partners, according to documents ...
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