Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

72,000 user images have been published in violation of dating safety appetite

July 26, 2025

Allianz Life says “majority” of customer personal data stolen in a cyber attack

July 26, 2025

Index venture “Jahanvisaldana” shares the truth about what TAM and founders should focus on instead

July 25, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    Sam Altman warns that ChatGpt is not legally confidential when using it as a therapist

    July 25, 2025

    Apple expands the App Store age rating system

    July 25, 2025

    Google is testing a vibe coding app called Opal

    July 25, 2025

    Use x Community Notes to test and find everyone's favorite posts

    July 24, 2025

    Apple iOS 26 Public Beta Arrival

    July 24, 2025
  • Crypto

    Telegram's Crypto Wallet will be released in the US

    July 22, 2025

    Indian Crypto ExchangeCoindCX confirms $44 million stolen during hack

    July 21, 2025

    North Korean hackers blamed record-breaking spikes in 2025

    July 17, 2025

    Bitcoin surpasses $118K at the second highest high in 24 hours

    July 11, 2025

    Vitalik Buterin reserves for Sam Altman's global project

    June 28, 2025
  • Security

    72,000 user images have been published in violation of dating safety appetite

    July 26, 2025

    Allianz Life says “majority” of customer personal data stolen in a cyber attack

    July 26, 2025

    It took Google a month to shut down Catwatchful, a phone spyware operation hosted on the server

    July 25, 2025

    Cybercrime Forum Leak Zone has published the IP address of the user

    July 24, 2025

    AI Slops and Fake Reports are running out of winnings for some security bugs

    July 24, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    Index venture “Jahanvisaldana” shares the truth about what TAM and founders should focus on instead

    July 25, 2025

    With defense momentum growing, NATO Innovation Fund will update its investment team

    July 25, 2025

    How Y Combinator Food Delivery App Uses Tiktok to Soar in the App Store

    July 24, 2025

    VC Victor Lazarte is leaving the benchmark to launch his own company

    July 24, 2025

    Former Y Combinator, A16Z Experts Hold an Invitation-Only Summit for Founders

    July 23, 2025
TechBrunchTechBrunch

Baron raises Swiggy valuation to $12.16 billion, higher than previous private market value

TechBrunchBy TechBrunchMarch 8, 20242 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


Baron Capital, an investor in Indian food delivery startup Swiggy, has upped the value of its stake in the Indian company, suggesting a valuation of $12.16 billion, with Swiggy expected to sell in early 2022. That's above the post-money valuation of $10.7 billion for which it secured funding.

New York-based Baron Capital has increased the value of its stake in Bangalore-based Swiggy to $87.2 million, it revealed in new content (PDF), increasing its initial investment in the food delivery platform to $76.7 million. The amount was increased from $.

The increase in valuation at the end of December is a notable development for Swiggy and the Indian startup ecosystem more broadly. This is especially important given that Swiggy's valuation had previously been slashed to a low of $5.5 billion.

Swiggy has around 45% market share in India's food delivery sector and is “well positioned to benefit from the structural growth of online food delivery in India,” Baron Capital said in a separate filing (PDF ) is written.

Further, “India's food delivery industry is still in its infancy and will continue to grow in the coming years thanks to a growing middle class, rising disposable income, rising smartphone penetration and tectonic changes in consumer preferences driven by technology.” “I think it will continue to expand,” he added. – Knowledgeable and young generation. Also, the industry has become a duopoly of his Swiggy and Zomato, which bodes well for the company's future profitability and scale. ”

Swiggy reported cutting costs and turning its food delivery business into the black last year, and has maintained this performance ever since. The startup plans to file for an IPO later this year.

Swiggy's main rival Zomato's share price has soared in the past six months as the Gurgaon-based company's financials improve. Zomato's market capitalization was about $17 billion.

Swiggy is also a major player in the instant grocery delivery space in India and is increasingly expanding its services. Swiggy, whose backers include Prosus Ventures, Accel and SoftBank, is expanding into consumer electronics and other categories and is dominating the e-commerce market by offering 20-minute delivery on all purchases. We are aiming for a larger share of the market.

Meanwhile, Walmart-backed Indian e-commerce leader Flipkart is planning to enter the instant delivery space, TechCrunch reported on Thursday.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Index venture “Jahanvisaldana” shares the truth about what TAM and founders should focus on instead

July 25, 2025

With defense momentum growing, NATO Innovation Fund will update its investment team

July 25, 2025

How Y Combinator Food Delivery App Uses Tiktok to Soar in the App Store

July 24, 2025

VC Victor Lazarte is leaving the benchmark to launch his own company

July 24, 2025

Former Y Combinator, A16Z Experts Hold an Invitation-Only Summit for Founders

July 23, 2025

Confuses 2025: First complete agenda reveals in new release phase

July 23, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

72,000 user images have been published in violation of dating safety appetite

July 26, 2025

Allianz Life says “majority” of customer personal data stolen in a cyber attack

July 26, 2025

Index venture “Jahanvisaldana” shares the truth about what TAM and founders should focus on instead

July 25, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.