Swiggy files for Rs 10k crore IPO, eyes Diwali listing

Swiggy has filed for an IPO estimated at $1.2 billion, which could increase to $1.4 billion following a shareholder meeting. The company intends to raise Rs 3,750 crore through new shares and the rest from an offer-for-sale by existing investors. The IPO might be timed with Diwali festivities in November.

Sep 27, 2024 - 06:30

Swiggy files for Rs 10k crore IPO, eyes Diwali listing

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Swiggy has filed for an IPO estimated at $1.2 billion, which could increase to $1.4 billion following a shareholder meeting. The company intends to raise Rs 3,750 crore through new shares and the rest from an offer-for-sale by existing investors. The IPO might be timed with Diwali festivities in November.