Nov 15, 12:51 PM

Swiggy's IPO Raises $1.6 Billion, CEO Harsha Majety Says Shares Drop 6%, Created New Millionaires

Swiggy's share price fell nearly 6% following its IPO debut, where it raised $1.6 billion. The company's co-founder and CEO, Harsha Majety, stated at the CNBCTV18 Global Leadership Summit that he wouldn't change anything about the IPO process. The IPO has been a significant success for early investors, including Elevation Capital and Accel India, while Prosus Group marked its first IPO in India with a $500 million cashout, representing one of the largest exits in recent years. The Indian startup ecosystem overall saw a funding increase this week, raising over $182 million.

#Swiggy #Harsha Majety #CNBCTV18 Global Leadership Summit #Elevation Capital #Accel India #Prosus Group #India #Indian

Written with ChatGPT (GPT-4o mini).

Sources

IANS@ians_india
1 year ago
Indian startups raise over $182 million in funding this week · The Indian startup ecosystem raised more than $182 million in funding this week, a substantial gain from last week’s $138 million funding 🔗: https://t.co/q0aqIff5NO https://t.co/nKaKSUch1z
Tech in Asia@techinasia
1 year ago
Weekly funding: Swiggy raises $605m https://t.co/zg8dCHlrOQ
Economic Times@EconomicTimes
1 year ago
#Swiggy's IPO created many new millionaires. #Zomato's CEO #DeepinderGoyal had warned about the challenges of sudden wealth #SwiggyIPO https://t.co/ONaskbFMZm

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Swiggy's IPO Raises $1.6 Billion, CEO Harsha Majety Says Shares Drop 6%, Created New Millionaires

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