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Swiggy gets SEBI's approval to raise funds via IPO

27 Sep 2024 Evaluate

Swiggy has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO).

The company plans to raise up to Rs 3,750 crore funds through fresh equity shares, in addition to an Offer-for-Sale (OFS) component of up to Rs 6,664 crore. The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round.

Swiggy is an Indian online food ordering and delivery company. 


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