Swiggy gets Sebi nod for $1.25-billion IPO

September 25, 2024

Swiggy has received market regulator approval for its $1.25-billion IPO, signaling strong interest in new-age investments amid India’s consumer boom. The Bengaluru-based company will raise ₹3,750 crore in fresh capital and offer up to ₹6,664 crore through an offer-for-sale. Major investors like Prosus and SoftBank are expected to sell part of their holdings.

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Neville Noronha quits Avenue Supermarts, Unilever’s Anshul Asawa to be new CEO

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DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%

The retailer’s EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased to 5% vs 5.5%

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