Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

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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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