Food delivery giant Swiggy plans to raise approximately Rs 11300 crore in its initial public offering, aiming for a valuation of USD 11.2 billion amid market adjustments
Read MoreReports suggest that Swiggy upsized its initial public offering to over Rs 11,000 crore, with a fresh fundraising of Rs 5,000 crore
Read MoreThe idea is to keep growing and increasing the penetration while listing will be at the right time, says Rapido Founder Aravinda Sanka, talking about the company's IPO plans
Read MoreFood-delivery platform Swiggy’s IPO may seek to raise more than USD 1 billion, as per media reports
Read MoreProceeds will be strategically allocated to drive growth initiatives, including unidentified acquisitions, marketing, and capital expenditure enhancements
Read MoreAs per Reuters, Swiggy is preparing for one of India's largest IPOs this year, targeting a valuation of around USD 15 billion
Read MorePrimary sources of revenue in FY24 were from the commission on recharge, processing, and interest income on servicing loans, payment gateways, and technologies platforms.
Read MoreThe IPO plan includes the sale of both new shares and existing shares and may also involve a pre-IPO placement to anchor investors, as per media reports
Read MoreThe company is making its second effort as It authorised the issuance of shares for public offering in February 2022 but then postponed
Read MoreRestaurant commissions from Swiggy generally run from 17 to 25 percent
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