Swiggy IPO nets $606 million from institutional investors

Q: How long will it take to read this news story?

The story "Swiggy IPO nets $606 million from institutional investors" has 177 words across 7 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Swiggy IPO nets $606 million from institutional investors" was covered 2 weeks ago by TechCrunch, a news publisher based in United States.

Q: How trustworthy is 'TechCrunch' news outlet?

TechCrunch is a fully independent (privately-owned) news outlet established in 2005 that covers mostly startups and business news. The outlet is headquartered in United States and publishes an average of 0 news stories per day. It's most recent story was published 1 days ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23473271</li><li>URL: https://beamstart.com/news/swiggy-ipo-nets-606-million-17310999669277</li></ul>

TechCrunch 2w ago

Swiggy IPO nets $606 million from institutional investors - TechCrunch

Quick Summary:

Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week.

Swiggy, which counts Prosus, SoftBank, Accel, and Coatue among its backers, competes with firms including Zomato and Nexus-backed Zepto.

In an exchange filing, following the publication of the story, Swiggy confirmed the fundraise.