Kaivalya V.

🚀 Swiggy Set to Make Waves with ₹11,300 Crore IPO: Key Details and Market Implications 🌐 Swiggy, India's food delivery giant, is set to go public with an IPO launching on November 6, 2024, aiming to raise around ₹11,327 crore (~$1.35B). Shares will be priced at ₹371-₹390 each (around $4.64), with trading expected to start on November 13, 2024. IPO Highlights: Price Range: ₹371-₹390 per share Funds Allocation: Expanding logistics and quick commerce operations This IPO is launching amidst rising tech-driven competition in India’s market. By securing capital, Swiggy plans to advance its quick commerce capabilities, aiming to gain a strategic edge over competitors like Zomato. Market Impact: Swiggy’s IPO offers a unique investment opportunity with strong growth potential, balancing between established dominance in food delivery and quick commerce expansion. Investor Insight: With a grey market premium around ₹25, sentiment is optimistic. As Swiggy steps into the public sphere, it's poised to redefine India's fast-paced delivery ecosystem. #IPO #SwiggyIPO #Investment https://lnkd.in/eyHRRPXh

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Venture capitalists and BizDateUp co-founders Jeet Chandan and Meet Jain have acquired an undisclosed stake in IPO-bound foodtech giant Swiggy through an off-market secondary deal. Founded in 2020, BizDateUp allows angel investors to invest in Indian startups with a minimum of INR 1 lakh and recently launched a INR 200 crore fund for technology investments. The firm raised over $10 million from more than 1,000 angel investors in FY24. This move comes as several celebrities, including cricketers Rahul Dravid and Zaheer Khan, tennis player Rohan Bopanna, director Karan Johar, and actor Ashish Chowdhry, have also invested in Swiggy ahead of its IPO. Notably, Amitabh Bachchan and Madhuri Dixit have previously acquired stakes in the company. Read full story here: https://lnkd.in/gM8sEWSZ #foodtech #startups #ipo #swiggy #foodindustry #news #latestnews LinkedIn News India Linkedin News Ashu Agrawal

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The Open Network for Digital Commerce (ONDC) was launched to democratize e-commerce and challenge the dominance of Swiggy and Zomato. However, its impact has been limited due to slow adoption by small businesses, technical complexities, and strong consumer loyalty to established platforms. Magicpin, which supports small businesses, saw initial success with referral incentives but faced fading engagement as the model didn't build long-term loyalty. For ONDC to succeed, it needs enhanced support for SMEs, consumer trust-building, collaborations with established platforms, innovative business models, and strong policy support. With these strategies, ONDC can still transform India's digital commerce landscape. let me know what's your take on future of ONDC. #befoodly #ondc #maginpin

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🚨Swiggy IPO gets oversubscribed led by QIB bids Swiggy’s IPO was oversubscribed 1.07 times by the third day, driven largely by QIBs, who oversubscribed their portion 1.52 times. Retail investors subscribed to 97% of their portion, while Non-Institutional Investors (NIIs) made bids for 22% of their allocation. Swiggy's employee quota also saw strong demand, with a subscription rate of 1.38 times. Swiggy raised around Rs 5,085 crore (approx. $605 million) from anchor investors like HDFC, ICICI, SBI, and global players including Fidelity and BlackRock. by Akshita Toshniwal | #SwiggyIPO #IPO #QIB #RetailInvestors #Foodtech Read more 👇 https://lnkd.in/ggm_piMt

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 #Zepto announced a $350 million #fundraise in its latest round that the quick commerce company said marks the largest 100% domestic fundraise within India's startup ecosystem. Click on the link below to know more... Zepto I Aadit Palicha I Kaivalya V. #Zeptofunding #capitalraise #retailfunding #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailindia #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing

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#QuickCommerce: A Boon or Bubble? The rapid rise of quick commerce players like #Swiggy, #Zomato, and #Zepto has undeniably transformed how we shop, making instant gratification the new norm. The industry, valued at over $80 billion globally, is expected to grow by 25-30% annually, driven by urban millennials and #GenZ’s appetite for on-demand services. Yet, there’s a storm brewing on the horizon. #UdayKotak, an influential voice in the financial industry, recently issued a cautionary warning about the sustainability of the quick commerce model. Here are some key points that raise concerns: 1. Cash Burn and Profitability Challenges: Despite impressive growth rates, the majority of quick commerce firms are struggling with profitability. Data shows that companies like Swiggy and Zomato have been spending 4-5x more than their revenues just to acquire and retain customers. 2. Logistical and Operational Strain: While 10-minute deliveries sound appealing, they come with a cost. The logistics infrastructure required is both expensive and complex, often relying on heavily subsidized delivery models. This raises questions about how sustainable this race for speed truly is. 3. Investor Fatigue: Venture capital funding, which fueled much of the industry’s growth, is beginning to show signs of hesitation. With valuation corrections and demands for a clearer path to profitability, the pressure on these startups is mounting. 4. Consumer Behavior and Economic Pressures: While the convenience is unmatched, there’s a limit to how much consumers will pay for speed. Economic uncertainties and rising inflation may shift spending habits, making ultra-fast delivery less attractive when discretionary spending is squeezed. 5. Regulatory Concerns: Kotak highlighted a crucial point: the political and regulatory landscape could change drastically if these companies start impacting small, local businesses. With potential regulations on the horizon, the industry might face unexpected headwinds. Is the quick commerce model inherently flawed, or is it just facing temporary challenges in the journey to profitability? How can these companies pivot or adapt to ensure long-term sustainability without compromising on speed and convenience? Are consumers willing to pay a premium for faster deliveries in the current economic climate, or will we see a shift in priorities towards cost and value? Your thoughts? #indianstartups #cashburn #roadtoprofitability #ceosgurukul #firsttimeceos https://lnkd.in/dCp84sCd

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Raised $26,000,000 with just an idea Lyskraft India Pvt Ltd - the latest kid in the block! So, Mukesh Bansal is back with another startup this time with Mohit Gupta, the former CEO of Zomato's food delivery arm. In July of last year, there were reports about Bansal and Gupta raising funds for a new venture. As per TechCrunch, both of them pitched a range of ideas to potential backers like a female-focused counterpart to Manyavar and "Infosys 2.0" a presumed upgrade to a multinational IT services and consulting firm. Now finally... The news is out and we know what they are building, Lyskraft: initially a women's only marketplace for premium brands mostly focusing on Gen-Z shoppers. Recently we have seen giant e-commerce platforms launching dedicated portals to attract GenZ shoppers, like SPOYL launched by Flipkart within its app, FWD by Myntra, also we are seeing the growth of new-age startups working in this space like Virgio(Mukesh Bansal is an investor in it), Newme(recently raised $4,500,000), Absolute Brands, Snitch, Styched and many more As per Inc42's Report, India's fashion and apparel sector is projected to reach a mouth-watering $112 Billion by 2030, which will be over a quarter of the country's $400 Billion e-commerce market!! Let's be honest, anyone will want a piece of this market. As we are already aware of how crowded this space is, let's see how Lyskraft differentiates itself from others. Mohit Gupts and Mukesh Bansal, in this crowded space building a community around your product, building digital IPs, and creating experiences through videos are the ways to elevate your brand to the next level. I the founder of Elevate would love to connect and assist Lyskraft in building a community, digital IPs and help create experiences through videos, if that sounds like something that interests you would love to connect and discuss!! sources of information : TechCrunch article 2021 - https://bit.ly/49UwkLI Inc42 article - https://bit.ly/3w0SDlb #mukeshbansal #myntra #fashion #startups #venturecapital #fundingwinter #norevenue #cultfit #community #communitymarketing #socialmediamarketing #india

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Swiggy, the food delivery platform, is now selling Alexa devices.🙇‍♀️ Blinkit, the quick commerce service, is offering water coolers for sale.💧 Zomato, the restaurant aggregator, has expanded into selling event tickets.🎟 Zepto, the quick commerce startup, has added bedsheets to its product lineup.🛌 Cred, the credit card payment app, is now selling underwear.🩳 Paytm, the digital payments giant, has diversified into selling pizzas.🍕 Ola, the ride-hailing service, has branched out into selling burgers🍔 Mygate, the residential community management app, is offering furniture and toys for sale.🏠🧸 Park Plus, the parking solutions provider, has expanded into selling home appliances 🖥 One wonders who is handing out these "product-market fit" awards🏆 and which venture capitalists are backing these expansions 💼😬 #startups #entrepreneurship

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When we decided to launch our first offline/physical leap.club in Bandra, Bombay, we were unsure of the number of members we should start with. We were worried about the demand as a club is a physical space that potential members will want to visit + the price point was significantly higher than our virtual membership. And we did not even have a picture of the space. To optimise for $$, we did not have the luxury of time and had to start ops + onboarding members. This was also a good way to test the demand for the space. So we took our biggest leap of faith - locked the location and launched a website to gauge interest. To our surprise, 1000+ women signed up on the waitlist in 7 days. We already have close to 3000 virtual members in and around bandra and they naturally became early adopters. We then went one step ahead and started inviting handpicked members (who we thought will benefit the most from the space) to pay and secure their membership. This was obv the biggest litmus test. We kept a target of onboarding 100 members for month 1. To be honest, at that time this seemed like a wild target. We are now ready to close memberships as we are about to hit the 100 mark. That too ~2 months before the launch. We still do not have any pictures but are grateful for the opportunity and insanely excited for what the space can become. And all the opportunities that it might open for our members. We are not in the business of offline clubs. Women join us because leap.club enables new opportunities, professional connections, new friendships. And now we are building offline clubs to better serve all the above.

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"The average disposable income of Bihar is lower than Bangalore etc. Don’t you think that will play into what sort of QSR should be built in Bihar right now?" I got this question recently in response to my recommendation for considering an investment into Cafe Hideout, who in my mind are building a land-grab in Patna and can perhaps dominate eastern India in next 3-5 years. I was reminded of Rory Sutherland's perspective of the horizontal and the vertical way to look at data. Clearly, BLR has a much higher average disposable income than Patna (and most parts of eastern India). No doubt about it. But simply looking at the average misses the skewed data from Patna and other eastern states. Patna has about half a million folks with disposable income higher than BLR imo and abou 5 million folks who are at the bottom of the per capita GDP table. If we only look at the average, we will miss the opportunity to think of the needs of the top half million (which is a big number) completely. BTW, their aspiration is to have a lifestyle which matches the top 0.5% of folks in T1 cities. Aspirations are changing everywhere in Bihar as the Digital Desh team has discovered (you can read their insights and research at https://lnkd.in/gYFyk7BE. The report is free to download. Thanks Jasminder Singh Gulati for the coverage). Bihar is changing. And boy does it have size to turn on the momentum.

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Bears hit Swiggy. IPO Valuation comes down from $15B to about $11-$13B. -Guess September Data showed higher losses and market share decline (death trap) - The biggest Red Flag is out of 10,000cr fund raise at IPO, only 3750cr goes into balance sheet, rest is all existing investors exiting. - Post IPO Cash on Balance sheet will be less than 6kcr (currently has 2.5kcr as of Q1, burn of Q2 yet to be shared) vs Zomato 12.5kcr - With a lower Cash Balance Swiggy is being expected to gain market share, achieve profitability, and do acquisitions, a tall ask - All marquee investors save SoftBank exiting - Founders selling 300cr in pre-IPO and 150cr worth of shares in post-IPO Very well illustrated in this E-times article. https://lnkd.in/gdzuNhvf

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Vertical quick commerce is here to thrive and lifestyle is the next category that will create a mark. This category requires a high level of focus to solve for the broken experience around purchase cycle (Curation - Delivery - Return - Refund). It's been just about a month since Slikk launched and the customer experience has been nothing but super positive. Within a span of 30 days we have noticed early signs of customer behavioral change. Sharing a few examples, 1) 12% users completed 2 transactions, 4% users completed 3-4 transactions and 2% users completed 5+ transactions on the platform in 30 days maintaining an AOV of 1800+ 2) 25% orders were Try and Buy and 45% skus in the cart retained with highest ticket size being 26,500 INR. 3) We've just onboarded 20 more brands post launch and they equally want to bet on vertical quick commerce. Launching this month :) 4) Less than 0.1% RTO These are just early signs of this category getting ready for QC and is bound to change the buying pattern compared to traditional commerce 🚀 Proud to be the first company to enable this category in QC and see larger marketplaces following the trend :)

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Highlights: Amazon India has approached IPO-bound Swiggy for a potential deal involving its quick commerce business under Instamart, said three people aware of the matter. The development comes close on the heels of Swiggy confidentially filing draft documents with Sebi for Rs 10,414 crore ($1.25 billion) public offering, among the largest for a new-age internet firm. The early discussions may not lead to a transaction considering the complicated structure of the deal in its present form, these people said. “Swiggy is unlikely to sell only its quick commerce business and Amazon won’t be interested in the food delivery space where growth is starting to plateau,” said the person cited above. Legacy ecommerce companies have been on a hunt to amp up their quick commerce play as the sector sees aggressive growth, challenging the likes of Amazon and Flipkart. Swiggy’s Instamart, Zomato’s Blinkit and sole independent platform Zepto are the three leading firms in the segment, unsettling online platforms by expanding beyond grocery retail. ET reported June 25 that Flipkart had explored a similar deal with Swiggy last year but the talks fell through due to a valuation mismatch. ET also reported on April 19 about Flipkart engaging with Zepto for an acquisition but the quick commerce startup closed a $665 million funding instead, valuing it at $3.6 billion after the investment. #amazon #quickcommerce #swiggy #acquistions

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THE LARGEST FUND RAISE OF 2024 IS HERE $665 M raised in the latest round of #venturecapital valuing the #ecommerce company at $3.6 B This one’s the largest fundraisers this year abd clearly signaling the spiralling growth of #quickcommerce in the country and thd changing consumer preferences in terms of his regularly grocery needs Big shout out to Aadit Palicha and Kaivalya V. These two young guns are creating history in the country with Zepto What’s interesting is that the venture partners like Nexus Venture Partners who had been part of the Series A and now this latest massive round also reinforces the point that the investors who believe in a product #startup continue to invest in the same while it’s the Founder’s vision who they really support We can only see more competitive offers for consumers be it from Blinkit Swiggy and bigbasket.com https://lnkd.in/dZAeBFSd

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₹160 Cr revenue run rate from just 15% of stores… and Zepto is just getting started! The crazy part isn’t just Zepto’s success. It’s the huge opportunity quick food delivery presents. We’ve all watched dark stores and micro-warehouses shake up retail. Now, imagine a whole wave of fast food stores delivering everything from chai and poha to coffee and samosas in minutes. This could change the game for how we get our food, fast. But here’s the real question: Will smaller businesses get in on the action, or will we see a few giants dominate the space? Quick food delivery isn’t just about speed—it’s about how we experience convenience. But can it scale without compromising quality? 💭 What do you think? How do you see this impacting local restaurants or food startups? Let’s chat below 👇 #QuickCommerce #FoodDelivery #RetailInnovation #StartupTrends #entrepreneurship #zepto #startup

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Thanks Bismah and Inc42 Media for the insightful coverage and deep dive into the vital role of operator VCs! Bismah's thoughtful analysis underscores the growing need for operator VCs in today's startup landscape. As an operator VC , I've witnessed firsthand how founders increasingly value more than just capital. They seek partners who bring operational expertise, strategic guidance, and an extensive network to the table. These elements are crucial for driving sustainable growth and navigating the complexities of scaling a business. At GrowthCap Ventures , we understand the unique challenges faced by early-stage startups, which is why we prioritize offering not just funding, but also hands-on support and access to our extensive network. Together, we're empowering founders to realize their vision and build transformative businesses. #OperatorVC #StartupEcosystem #Gratitude

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The Success Story of Blinkit (Formerly Grofers) Owned by Zomato has a Lot to Tell Us; 𝐎𝐧𝐞 𝐤𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲 ->>> “When it makes sense to you, it doesn’t have to make sense to anyone else, even the complete world can be against you” Initially, when Zomato announced the Blinkit acquisition plans, many folks criticized the board's decision stating conflict of interest/ high cash burn/ disclosure,etc. Even the Zomato stock tumbled over 20% immediately after the acquisition. 𝐍𝐨𝐰 𝐭𝐰𝐨 𝐲𝐞𝐚𝐫𝐬 𝐝𝐨𝐰𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐞, 𝐁𝐥𝐢𝐧𝐤𝐢𝐭 𝐢𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐙𝐨𝐦𝐚𝐭𝐨'𝐬 food business. Zomato acquired Blinkit at an $800 million valuation and now the same stands at $13 billion (16x growth in two years span & 6x growth in the last 1 year). Inc42 Media Zomato Zomato Care Blinkit Deepinder Goyal Albinder Dhindsa #leadership #business #futurism #Startup #enterprenuership

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Aag to laga ke jayenge (part 2) 🔥 🚀 Small wins. Nitro's flagship product now used by 100+ merchants In India. For context it took us 7 years to cross 100+ merchants at Wigzo. What does it mean? It mean if everything goes as per plan we are looking to onboard 1000+ merchants by end of 2024. Big Props to the entire team working relentlessly. In my previous post i mentioned aag to laga ke jayenge 🔥 Aag lagni shuru ho gayi hai maharaj(not that we need it in this heat) Let's Go. Shamail Tayyab, Atyab Mohammad, Pratik Anand, Himanshu Gupta.

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