Swiggy raises nearly $605M from anchor investors; domestic institutional investors lead

Quick Summary:

Swiggy's IPO will open for retail and institutional investors on November 6 and it expects to list on bourses on November 13.

Its largest shareholder, Prosus will tender 109 million shares in the offer for sale and is likely to see a gain of 197% on its investment.

Its early backers including Accel and Elevation Capital will see over 3,300% gains on their investment during the offering.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Shares Crore Policy Information Domestic Insurance Anchor Privacy Institutional Investors November

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:47:20 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 283 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23435863

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