Swiggy IPO nets $606 million from institutional investors

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TechCrunch 1w 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.