Swiggy, the Indian food delivery giant, has secured shareholder approval for a potential $1.2 billion IPO. The company plans to raise up to Rs 3,750 crore ($450 million) through a fresh issue and up to Rs 6,664 crore ($800 million) via an offer-for-sale (OFS) component. Additionally, Swiggy is considering an anchor round of Rs 750 crore. The IPO is expected to take place later this year, with Swiggy holding approximately 45.8% of the Indian food delivery market share. Major stakeholders in Swiggy include Prosus Ventures with a 31.7% share, followed by SoftBank at 8%, and Accel at 6%.