As Swiggy prepares for its upcoming IPO, set to launch on November 6, 2024, it aims to raise approximately ₹11,330 crore ($1.25 billion) at a valuation of around $11.3 billion.
Analysts suggest that while Swiggy shows improvement—like a positive EBITDA of 0.8% in Q1 FY25 and a growing user base—its valuation is still below Zomato's, which currently stands at about $26 billion.Investors are divided. Some experts recommend caution with the Swiggy IPO until it demonstrates more consistent profitability and growth, while others suggest it could be a competitive alternative to Zomato in the long run.
If you already own Zomato shares, it might be wise to assess its recent performance and strategic moves compared to Swiggy’s anticipated growth before making a decision.
For further details, you can explore more on the upcoming IPO and market insights.
