Indian food and grocery
delivery startup Swiggy has received approval from its
shareholders for a $1.25 billion initial public offering, as per
regulatory filings with India s ministry of corporate.
Swiggy IPO: Swiggy plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million). The food-delivery major is also looking to raise about Rs 750 crore from anchor investors in the pre-IPO round.