Swiggy, a popular food delivery platform in India, has launched 'She The Change- From Vision to Venture' initiative to support women entrepreneurship with over 50,000 women-run restaurants on its platform. The company's revenue from operations in the first nine months of FY24 was Rs 5,476 crore, with food delivery constituting 82.65% of total operating revenue. Swiggy is planning to go public this year, aiming to file IPO papers by May and debut on the stock market during the festive season. Despite recording a $200 million loss in the fiscal year 2022-23, Swiggy is moving forward with its IPO plans.
#Swiggy records $200 million loss as it plans IPO: What internal document shows https://t.co/xX6HpCrQhC https://t.co/vgh4i4eByu
India's Swiggy records $200 million loss, document shows, as it plans IPO https://t.co/qZl6aLURJ0 https://t.co/LlwdTWo4rD
Swiggy records $200 million loss, document shows, as it plans IPO https://t.co/GmN2kExPop via @moneycontrolcom
Swiggy records $200 million loss, document shows, as it plans #IPO For the full fiscal year 2022-23 #Swiggy made a loss of 41.8 billion rupee ($500 million), according to the document. https://t.co/1q5WNBjzUU
#StartupNewsWire | Swiggy plans to go public around festive season: Report, @ayefinance secures ₹137 crore debt funding, #Canva acquires Affinity Design & Adam Neumann submits bid to buy back #WeWork Top Headlines | @Aish_19_Anand @CNBCYoungTurks https://t.co/JsKa9FbXh9
More women running startups, on company boards: Nirmala Sitharaman According to @nsitharaman, out of the 111 #unicorns created in India, 20 of them have women in leadership positions. https://t.co/QknoRdllow
🚨 #Swiggy is planning to go for a public listing this year, as per Entrackr, which added that the #food #delivery platform will file papers for #IPO by May and ultimately hit D-street around the festive season. @Aish_19_Anand @CNBCYoungTurks https://t.co/TJVnXtsdIG
NEW: Swiggy’s revenue from operations was Rs 5,476 crore during the first nine months of FY24, according to a document drafted by an investment banker on behalf of Swiggy. => Food delivery biz constituted 82.65% of total operating rev https://t.co/FeJ7UpGX8B
🚨 @Swiggy has launched a new initiative — “She The Change- From Vision to Venture" — to acknowledge and celebrate #women #entrepreneurship in India. #Swiggy has 50,000+ women-run restaurants on its platform. ✏️ @Aish_19_Anand @CNBCYoungTurks Read: https://t.co/P6OL3wQ89Y https://t.co/EWZNvY1Idw