Swiggy IPO: Public Comparable to Zomato

This is a India news story, published by TechCrunch, that relates primarily to Zomato news.

India news

For more India news, you can click here:

more India news

Zomato news

For more Zomato news, you can click here:

more Zomato news

tech startups news

For more tech startups news, you can click here:

more tech startups news

TechCrunch news

For more news from TechCrunch, you can click here:

more news from TechCrunch

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech startups news, you might also like this article about

Indian internet stock

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Indian tech startups news, upcoming IPO news, tech startups news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

many Indian startups

TechCrunch

•

Swiggy's public debut will test India's appetite for $1B+ IPOs | TechCrunch

Summary

Nutrition label

73% Informative

Swiggy's upcoming IPO on Wednesday will give analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato .

It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark.

India has emerged as a hotbed for tech IPOs this year even as the U.S. market remains muted.

Swiggy’s IPO will also show how willing investors are to bet on business models that prioritize growth over profits amid challenging global conditions. For Dutch investor Prosus , Swiggy ’s listing could deliver a three-fold return. It will also be the venture firm’s biggest hit from India , where its $1 billion -plus gains from Byju ’s have all but evaporated. Accel is expected to see a more than 35-fold return, one of its largest in the past five years ..