GAGA Share Market News

[hfe_template id='11223'] [ad_1] As Swiggy gears up for its high-profile IPO next week, anticipation is high among its celebrity investors, who acquired stakes in the food delivery giant early on. These high-profile stakeholders could stand to benefit significantly from a successful market debut as Swiggy transitions from a private entity to a publicly traded company. A host of celebrities from entertainment and sports have bet on India's food and grocery delivery market, hoping that Swiggy would capture the lion's share of the market. According to a report, the online food delivery market is expected to grow at 20% during CY23-28, largely led by user CAGR of 8-10%. Grocery would remain the dominant category for quick commerce with a 60% share. However, quick commerce, which is a mere 0.3% of India’s retail market, could grow a share of 2-3%, led by 60-80% growth rates (Source: Elara Capital). Leading up to the IPO, Swiggy's shares were actively traded in the...