swiggy

Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, Zepto

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Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, Zepto

Dalal Street’s top stock picker and billionaire Raamdeo Agrawal of Motilal Oswal Financial Services, who has been bullish on quick commerce, has picked up stakes in IPO-bound Swiggy and another unicorn Zepto. Agrawal’s interest in both the new-age businesses comes at a time when quick commerce is at an all-time high in terms of fundraising, … Read more

Zomato growing faster than Swiggy, says CLSA with target price of Rs 248

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Zomato growing faster than Swiggy, says CLSA with target price of Rs 248

While noting that Zomato is well ahead of IPO-bound peer Swiggy, global brokerage firm CLSA has a target price of Rs 248 per share on the new-age stock. Prosus, which holds a 32.7% stake in Swiggy, in its annual results release, disclosed that Swiggy’s overall GMV growth (including food delivery, quick commerce, and dining out … Read more