Friday, 24 March, 2023

Swiggy’s $1B IPO slated for first half of 2023

<p>Swiggy is planning for an initial public offering as early as next year according to sources. The food delivery startup was valued at around $10.7B in January 2022 and is aiming to raise as much as $1B from the IPO filing. Swiggy has received investment from the likes of Accel, Softbank, and Prosus ventures and it has recently hired JP Morgan and ICICI to help with their IPO. The startup was planning for an IPO as soon as its rival Zomato went public last year.</p>