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Swiggy targets $11.3 billion valuation with upcoming IPO launch on November 6; know all about it

Times of India LogoTimes of India8h ago

Swiggy targets $11.3 billion valuation with upcoming IPO launch on November 6; know all about it - Times of India

Quick Summary:

Swiggy, the food delivery and quick-commerce company, is gearing up for its IPO, aiming for a valuation of $11.3 billion.

The IPO will open for subscription from November 6 to 8, with a price band of Rs 371-390 per share.

The company plans to utilize the proceeds for debt repayment, expansion of its quick commerce network, and technology enhancement.


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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 20:34:25 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 921 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23434984

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 20 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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