Swiggy’s IPO set for November 13 debut is set to create a wave of wealth among its employees. Food and grocery delivery major’s IPO is being seen as one of the largest wealth creation events in India’s startup ecosystem, with around 500 employees set to enter the ‘Crorepati’ Club through this offering. The company’s IPO…
Swiggy IPO: Investors can participate in the IPO until November 8. Swiggy IPO: Food delivery and quick commerce platform Swiggy’s IPO worth Rs 11,324 crore opens today. It consists of Rs 4,500 crore fresh issue and remaining as an offer for sale. Without a specific promoter, various institutional investors including Accel India, Apoletto Asia, Alpha…
NEW DELHI: Big investors including Norway‘s sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy’s India IPO, 25 times the $605-million portion reserved for such investors, four sources told Reuters on Thursday.Swiggy, a SoftBank-backed food and grocery delivery giant, will next week launch its $1.4-billion IPO that will…
MUMBAI: Food & grocery delivery company Swiggy on Thursday filed papers for an IPO that is expected to be worth about $1.2 billion (or Rs 10,000 crore) – the biggest floated by an Indian startup since Paytm’s Rs 18,300 offer in 2021. The IPO is expected to be up-sized to about $1.4 billion (or Rs…
