Get the latest tech news
Swiggy IPO nets $606 million from institutional investors
Swiggy has raised around $606 million from a set of over 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food Swiggy has raised around $600 million from anchor investors as part of its $1.35 billion IPO.
Swiggy has raised around $606 million from a set of over 75 anchor investors as part of its$1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week. The anchor investors include BlackRock, Fidelity, Norges Bank, BNP Paribas, HSBC, Nomura, Jane Street, Citadel, Motilal Oswal, Kotak, 360One, as well as mutual funds and insurance units operated by Indian lenders SBI, ICICI, Kotak and HDFC, the sources said, requesting anonymity. Swiggy, which counts Prosus, SoftBank, Accel and Coatue among its backers, competes with firms including Zomato and Nexus-backed Zepto.
Or read this on TechCrunch
