Investors shy from FMCG stocks but embrace quick commerce platforms: Why?

Investors shy from FMCG stocks but embrace quick commerce platforms: Why?

Hiren Ved, director and chief investment officer at Alchemy Capital Management, noted that investors are increasingly moving away from traditional FMCG stocks. “They are turning to aggregators and e-commerce platforms, particularly quick commerce, which sell both discretionary as well as non-discretionary consumer items as it provides a better proxy for growth as compared to the … Read more

Swiggy IPO: How investors justify risky pre-listing trading

Swiggy IPO: How investors justify risky pre-listing trading

India seems to have moved from the Coldplay ticket row to the pre-IPO investment gamble—Swiggy’s shares are being sold and re-sold for higher prices in the grey market. Investors have spent the last three years twiddling their thumbs, waiting for the younger half of India’s food-delivery duopoly to finally go public. And with Zomato’s stock, … Read more

Softbank-backed Swiggy eyes IPO filing this week, may seek to raise more than $1 billion

Softbank-backed Swiggy eyes IPO filing this week, may seek to raise more than $1 billion

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country. Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not to be identified … Read more

Mint Primer | No way to tell a fake: AI images face reality check

Mint Primer | No way to tell a fake: AI images face reality check

Zomato has stopped using AI-generated food images. Artists and several others have also come out against such images. While there might be a compelling case for AI-generated images in some instances, platforms have to ensure transparency. Mint explains: Why did Zomato ban AI food images? It was in response to customer complaints about artificial intelligence … Read more

Zomato stock hits fresh record high, posts gains in 14 of last 15 months; is there more upside ahead?

Zomato stock hits fresh record high, posts gains in 14 of last 15 months; is there more upside ahead?

New-age tech stocks are making substantial gains on Dalal Street, led by Zomato, which continues to set new record highs every month. In today’s session, the stock recorded another new milestone, crossing the ₹210 level for the first time to set a new all-time high of ₹214 apiece. Today’s rally has also propelled the company’s … Read more