Reported 11 days ago
Swiggy Ltd. made a strong debut on the Mumbai stock exchange, with its shares rising 17% above the offer price of 390 rupees, valuing the company at over $12 billion. This IPO, raising $1.3 billion, stands as India's second-largest for the year despite a broader market downturn. It highlights investor interest in the quick-commerce sector, even as concerns linger about competition and regulatory scrutiny faced by firms like Swiggy and Zomato.
Source: YAHOO