Thursday, 26 September, 2024

Swiggy Plans ₹3,750 Crore Fundraising With Updated Prospectus

Swiggy has submitted an updated prospectus to raise ₹3,750 crore through its Initial Public Offering (IPO). The Indian food delivery giant is looking to use the funds for business expansion, technology investments, and potential acquisitions. The IPO will include fresh issuance of shares worth ₹2,000 crore and an offer for sale component, signaling Swiggy's intent to solidify its market position amid rising competition.