Rohit Kapoor, CEO of Swiggy
Rohit Kapoor, CEO of Swiggy Food and Marketplace, recently advised employees to maintain work-life balance, which has become a hotly debated topic on social media. He said hard work is necessary for success, but health and relationships should not be sacrificed for it. Expressing his views at the TechSpark event organized in Bengaluru, Kapoor said that the culture of working late into the night, known as hustle culture, is being promoted in many industries. However, he is against this mentality and believes that overworking should be avoided.
The CEO gave this advice
Kapoor said working until 3 pm is not good for mental health. He said it is more important to finish work on time and spend time with family. Success does not require madness. Citing the example of his own journey, he said his success wasn’t easy, but he didn’t do anything crazy about it.
This is the company plan
The company plans to raise around Rs 11,000 crore through the IPO, which includes a fresh share sale of Rs 3,750 crore and an offer for sale (OFS) of Rs 6,664 crore. The growing demand for Swiggy stock can be attributed to the company’s excellent performance. The company’s operating income increased 36% to Rs 11,247 crore in fiscal 2024 and net loss decreased 44% to Rs 2,350 crore.
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Let us tell you that this Bengaluru-based food and grocery delivery platform has received IPO approval from SEBI and due to this, the demand for its shares has increased significantly. Even before the IPO, the company’s shares had risen 40 percent in the past two months. Swiggy shares are traded on the over-the-counter market and people also buy and sell on it. After shareholders approved the IPO in April, huge demand for Swiggy shares was seen in the unlisted market. There has been a huge rise in stock prices. According to the Economic Times report, the company’s shares rose about 40% from July to September. Previously, its shares were around Rs 355, but have risen to around Rs 490. Due to which, Swiggy’s market value has increased from Rs 70,000 crore to Rs 1.16 lakh crore in just two months.
