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

Everyone in high tech has an opinion about Soham Parekh

July 3, 2025

All stages of TechCrunch regain early release prices for limited time

July 3, 2025

Not everyone is excited about DMs on the thread

July 3, 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

    Not everyone is excited about DMs on the thread

    July 3, 2025

    Meta has found another way to engage you: message that message first

    July 3, 2025

    Everything you need to know about Flash, Blueski-based Instagram alternatives

    July 3, 2025

    Substack brings new updates to live streaming as it increases video push

    July 2, 2025

    Amazon shuts down the Freevee app in August

    July 2, 2025
  • Crypto

    Vitalik Buterin reserves for Sam Altman's global project

    June 28, 2025

    Calci will close a $185 million round as rival Polymeruk reportedly seeks $200 million

    June 25, 2025

    Stablecoin Evangelist: Katie Haun's Battle of Digital Dollars

    June 22, 2025

    Hackers steal and destroy millions of Iran's biggest crypto exchanges

    June 18, 2025

    Unique, a new social media app

    June 17, 2025
  • Security

    Ransomware Gang Hunter International says it's shut down

    July 3, 2025

    India's biggest finance says hackers have accessed customer data from insurance units

    July 2, 2025

    Data breaches reveal that Catwatchful's “Stalkerware” is spying on thousands of phones

    July 2, 2025

    Hacking, Leaking, Exposure: Do not use stalkerware apps

    July 2, 2025

    Qantas Hacks lead to theft of personal data for 6 million passengers

    July 2, 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

    Everyone in high tech has an opinion about Soham Parekh

    July 3, 2025

    All stages of TechCrunch regain early release prices for limited time

    July 3, 2025

    Kristen Craft brings fresh fundraising strategies to every stage

    July 3, 2025

    The Y Combinator alumni have launched a new $34 million fund dedicated to YC startups.

    July 3, 2025

    Learn how to tighten a cap table with TC All Stage 2025

    July 3, 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

Everyone in high tech has an opinion about Soham Parekh

July 3, 2025

All stages of TechCrunch regain early release prices for limited time

July 3, 2025

Kristen Craft brings fresh fundraising strategies to every stage

July 3, 2025

The Y Combinator alumni have launched a new $34 million fund dedicated to YC startups.

July 3, 2025

Learn how to tighten a cap table with TC All Stage 2025

July 3, 2025

Writer CEO May Habib will win the AI ​​stage in 2025

July 3, 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

Everyone in high tech has an opinion about Soham Parekh

July 3, 2025

All stages of TechCrunch regain early release prices for limited time

July 3, 2025

Not everyone is excited about DMs on the thread

July 3, 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.