Swiggy offers disinvestment of Rs 1,600 cr to its early investors

By VARINDIA - 2020-01-15

Swiggy offers disinvestment of Rs 1,600 cr to its early investors

With investors increasing their stake in the company over the last few years, early backers of Swiggy have received partial exits from the firm.

 

 

Venture capital firms such as SAIF Partners, Accel Partners, Norwest Venture Partners, RB Investments, Harmony Capital and Bessemer Venture Partners have collectively raked in $222 million (Rs 1579.2 crore) as their shares were transferred to late-stage investors Naspers Ventures, Inspired Elite Investments, DST Euro Asia and Coatue PE Asia, according to Swiggy's regulatory filings.

 

The VC firms have collectively earned a 10X return on their combined investment of $22 million across Series A, B, C and D rounds over the years.

 

According to the regulatory filings, SAIF Partners received $61.8 million (Rs 439 crore) in FY19 from their investment of $5.9 million (Rs 42.15 crore) during Swiggy's Series A in 2015. At the same time, Accel Partners gained $25.2 million (Rs 179.1 crore) on its first investment of $2.06 million (Rs 14.66 crore), giving them a 12.2X return.

 

Mauritius-based Norwest Venture Partners managed to generate the highest returns as compared to other early backers of Swiggy. The VC firm had poured in $3.2 million (Rs 23.1 crore) in Swiggy's Series B round in 2015 when the share price had gone down 36% as compared to Series A. They too offloaded their investments alongside SAIF but managed a whopping 17.4X return on the transfer worth $56.6 million (Rs 402.3 crore).

 

Meanwhile, RB Investment and Harmony Capital had injected $1.7 million (Rs 12.26 crore) and $2.3 million (Rs 16.14 crore) respectively in the Series C round in January 2016. The two investors earned $14.9 million (Rs 106.4 crore) and $19.59 million (Rs 139.13 crore). Both investors scored over 8X return on the invested amount.

 

During Swiggy's Series D round in September 2016, Bessemer Partners had infused about $6.8 million (Rs 48.83 crore), which resulted in a return of $44.12 million (Rs 313.3 crore) for the Menlo Park VC firm.

 

This secondary exit follows a series of secondary stake sales that have taken place in the Indian startup ecosystem over the last 12-18 months. Companies including Paytm, OYO, PolicyBazaar, Lenskart, BYJU's and Dream11 amongst many others have recently offered divestment to their early backers.


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
 SOFTWARE  Placeholder image
BEL launches ATDS Maareech manufacturing facility eyeing 'Atmanirbhar Bharat'

BEL launches ATDS Maareech manufacturing facility eyeing 'Atmanirbhar Bharat'

BEL has upgraded its new ATDS Maareech manufacturing facility. The Raksha M...

Embee Software announces VirtuaPlace - a platform to help Businesses

Embee Software announces VirtuaPlace - a platform to help Businesses

Embee Software has announced the launch of VirtuaPlace for helping Indian Small and Medium...

VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
FAIITA announces digital platform for its more than 20,000 SME members across the country

FAIITA announces digital platform for its more than 20,000 SME members across the country

The Union Minister of Electronics and Information Technology Ravi Shankar Prasad formally...

Automation and Digitalization provide competitive edge to companies in a volatile market environment: Siemens

Automation and Digitalization provide competitive edge to companies in a volatile market environment: Siemens

"Companies that had already invested in digitalization were better equipped to handle...

NetApp held 6th Demo day to brief on unique startup accelerator program and more

NetApp held 6th Demo day to brief on unique startup accelerator program and more

NetApp held its sixth demo day for the NetApp Excellerator, the company’s flagship s...


Copyright varindia.com @1999-2020 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription