Swiggy Plans $1.35 Billion IPO with Share Price Set at 390 Rupees

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|Times of India|5 months ago

Indian food-delivery platform Swiggy Ltd. plans to sell shares at up to 390 rupees ($4.64) each in an IPO that could raise $1.35 billion. The IPO will open for bids on November 6, with shares expected to start trading on November 13. The surge in investor interest in India's high growth rate has led to a record number of companies going public. Founded in 2014, Swiggy partners with over 200,000 restaurants in India and competes with Zomato, Amazon's India unit, and Tata Group's BigBasket.

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