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Swiggy, the Indian food delivery giant, seeks $1.25B in IPO after receiving shareholder approval
Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup said.
Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing to the local regulator. The Bengaluru-headquartered startup plans to raise $450 million through issuance of new shares, and offer $800 million of shares from existing backers in the IPO, it wrote in a filing to Ministry of Corporate Affairs. The Indian startup ecosystem has been eagerly anticipating Swiggy’s public debut, which is slated for later this year.
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