Food delivery major Swiggy raises Rs 5,085 crore from anchor investors

Quick Summary:

In FY24, Swiggy’s loss narrowed to Rs 2,350 crore from Rs 4,179 crore in FY23.

Among those who received an allotment in the anchor category were ICICI Prudential Mutual Fund, HDFC Life, SBI Life, and global mutual funds including Capital, Fidelity, Amundi, BlackRock, and Schroders.

Swiggy will use the fresh proceeds for the expansion of its dark store network, investment in technology and cloud infrastructure, brand marketing and business promotion, and funding inorganic growth.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: DRHP Sebi Indian markets IPOs Swiggy Stock market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 23:15:50 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23435865

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 344 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions