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Swiggy Appoints Supriya Shankar as VP of Events and Experience!

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Swiggy Appoints Supriya Shankar as VP of Events and Experience

Foodtech giant Swiggy has announced the appointment of Supriya Shankar as its Vice President of Events and Experience. Shankar, formerly the CEO of Singapore and Senior Vice President of Growth and Expansion for Southeast Asia at Lenskart, brings over 14 years of expertise in internet commerce. Her career highlights include leadership roles at Airtel, Zomato, OYO, and Lenskart, where she drove strategic initiatives in business development, revenue optimization, and people management. At OYO, she spearheaded global marketing, sales, and operations.

Strengthening Leadership Amid IPO Success

This appointment is part of a broader leadership expansion at Swiggy as the company prepares to scale its operations following its recent IPO. Earlier this week, Swiggy also appointed Shalabh Shrivastava, former Vice President at Flipkart, as Senior Vice President of Driver Organisation, and Hari Kumar G as Senior Vice President and Chief Business Officer for Swiggy Instamart.

Strategic Hires for Growth

These strategic hires align with Swiggy’s goals to bolster its food delivery and quick commerce segments, improve service quality, and drive growth. By bringing in experienced leaders from various sectors, Swiggy aims to enhance its operational capabilities and customer experience.

Swiggy’s IPO Highlights

Swiggy made its stock market debut this week, listing shares on the National Stock Exchange (NSE) at ₹420—an 8% premium to its IPO price of ₹390 per share. On the Bombay Stock Exchange (BSE), Swiggy opened at a 5.6% premium at ₹412 per share. The IPO garnered significant interest, with the issue subscribed 3.59 times by the close of the book-building process. The enthusiasm was primarily driven by Qualified Institutional Buyers (QIBs), who oversubscribed the issue by 6.02 times, despite slow activity in the initial days.

Financial Details

The IPO raised approximately ₹11,300 crore, comprising a fresh capital raise of ₹4,499 crore and an offer for sale (OFS) of 17.51 crore shares valued at ₹6,828 crore. The pricing strategy reflected strong investor confidence in Swiggy’s growth potential despite mixed responses from retail investors.

Focus on Growth and Innovation

With a strong IPO performance and a robust leadership team, Swiggy is poised to expand its market presence further. Over the next year, it plans to open 40 new centers in cities like Nashik, Pune, Dehradun, Coimbatore, Hyderabad, and Chennai to strengthen its footprint in major markets. A substantial portion—approximately 60%—of the recent funding round will be directed toward mergers and acquisitions to enhance its offerings.

Competitive Landscape

Swiggy operates in a highly competitive environment alongside rivals like Zomato and Dunzo. The company’s focus on expanding its grocery delivery service through Instamart is a strategic move to diversify revenue streams while catering to rising consumer demand for quick commerce solutions.

Conclusion

The appointment of Supriya Shankar as VP of Events and Experience reflects Swiggy’s commitment to strengthening its leadership team as it embarks on a new chapter following its successful IPO. With ambitious plans for expansion and innovation in both food delivery and grocery services, Swiggy is well-positioned to enhance its market share in India’s dynamic foodtech landscape.

As the company continues to navigate challenges in profitability and competition, the strategic hiring of experienced leaders like Shankar will be crucial in driving operational efficiency and customer satisfaction moving forward. With ongoing growth initiatives and a focus on technological advancements, Swiggy aims to solidify its position as a leader in the food delivery sector while preparing for future opportunities in public markets.

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

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Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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