Mon Nov 11 04:08:39 UTC 2024: ## Food Delivery Giant Swiggy and Health Insurer Niva Bupa Vie for Investor Attention with IPOs

**New Delhi, India** – The first week of November saw two major IPOs hit the market, with food delivery platform Swiggy and health insurance provider Niva Bupa Health Insurance both seeking to raise significant capital.

Swiggy, known for its dominance in the food delivery space, aims to raise a whopping Rs 11,327.43 crore. The company, which has yet to turn a profit since its inception in 2014, saw its net loss narrow to Rs 2,313.4 crore in FY24. While its sales growth has slowed to 36%, Swiggy continues to invest in technology, brand marketing, and its quick commerce vertical.

Meanwhile, Niva Bupa Health Insurance, which posted a net profit of Rs 81.8 crore in FY24, is looking to raise Rs 2,200 crore. The company plans to use the funds to strengthen its solvency and expand its health insurance ecosystem. This includes investing in wellness programs, doctor consultations, diagnostics, and medicine delivery.

Analysts at Anand Rathi Research have noted that both companies are well-positioned in their respective markets. They believe that Swiggy’s valuation at the upper price band, around Rs 872986 Mn, is fairly priced considering its continued growth and expansion.

Niva Bupa’s profitability and expansion plans are also seen as positive indicators, with the company aiming to build a comprehensive healthcare ecosystem.

Investors are now left to decide where to put their money, weighing the potential growth of Swiggy’s food delivery and quick commerce business against the steady profitability and expansion of Niva Bupa Health Insurance. The success of both IPOs will be closely watched by market analysts and investors alike.

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