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Articles for Quick Commerce

Swiggy IPO Rundown: Eyes On $50 Bn Quick Commerce Market, 500 Mn Users

Swiggy plans to launch its initial public offering (IPO) this Wednesday, with the bidding process set to close on Friday. The IPO comprises a fresh issue amounting to Rs 4,499 crore alongside an offer for sale of 17.5 crore shares

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Ecommerce Likely To See 20% YoY Growth This Festive Season: Report

The report states that the ecommerce sector is poised for substantial growth and the gross merchandise value (sales) is expected to be around Rs 1 lakh crore to Rs 1.2 lakh crore

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Swiggy Eyes Blockbuster IPO Amid Booming Indian Market

Swiggy, backed by the Japanese conglomerate SoftBank, intends to raise a whopping Rs 3,750 crore ($448.56 million) by issuing fresh shares. Additionally, existing shareholders such as Prosus, Accel India, and Tencent Europe are also expected to sell portions of their existing stakes.

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Ola To Re-enter Quick Commerce With Automated Dark Stores And UPI

As Ola prepares for its IPO, the business is re-entering the rapid delivery sector with plans for automated dark stores and a new UPI system

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