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Swiggy, the Indian food delivery giant, has received shareholder approval for a potential IPO aimed at raising $1.25 billion. The IPO includes a fresh capital raise of up to Rs 3,750 crore ($450 million) and an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million). Additionally, Swiggy is considering an anchor round of Rs 750 crore. The company, which holds approximately 45.8% of the Indian food delivery market, plans to launch the IPO later this year.
🚨 @Swiggy has received the approval from shareholders for a $1.2-billion #IPO, according to RoC filings. The food tech giant plans to raise up to Rs 3,750 crore through a fresh issue and up to Rs 6,664 crore as an offer-for-sale (OFS) component, the filings showed. https://t.co/afa18yQJDe
News Alert | Food delivery firm Swiggy plans to raise $1.25 bn via IPO https://t.co/oZKeOaOtdU
Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later this year (@refsrc / TechCrunch) https://t.co/MBC9fBOSFI 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Yi7GMgxTA3
