Swiggy secures shareholder nod for a potential $1.2 billion IPO

ETtech.com— Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.Swiggy, which is yet to file its IPO documents with the country’s capital markets regulator Securities and...

ETtech.com—Swiggy IPO: Swiggy confidentially files draft IPO papers for $1.25 billion public listing. Food and grocery delivery company Swiggy has filed draft documents for an initial public offering with capital markets regulator Securities and Exchange Board of India, people aware of the matter said.The Bengaluru-based company, which earlier this week secured shareholders’ approval for a Rs 10,400 crore ($1.25 billion) public issue, has made the filings through Sebi’s confidential route. Draft red herring prospectuses (DRHPs) filed under the confidential facility need not be released in the...

TechCrunch—Swiggy, the Indian food delivery giant, seeks $1.25 billion 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 commerce startup disclosed in a filing to the local regulator. The Bengaluru-headquartered startup, which competes with publicly-listed Zomato and StepStone Group-backed unicorn Zepto, plans to raise $450 million through issuance of […] © 2024 TechCrunch. All rights reserved. For personal use only.

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