Friday, June 14, 2024
spot_img

Swiggy to raise over Rs. 10,400 crore via IPO

Must Read

Swiggy has secured shareholder approval to pursue an initial public offering aimed at raising over Rs 10,400 crore in capital. The Bengaluru-based company intends to procure funds amounting to Rs 3,750 crore through the issuance of fresh equity shares, complemented by an offer-for-sale scheme targeting an additional Rs 6,664 crore.

Swiggy also aims to secure approximately Rs 750 crore from anchor investors through a pre-IPO round, as per reports. Established in 2014, Swiggy currently boasts a valuation of $12.7 billion as of April 10, 2024. Its fiscal year ending March 31, 2023 witnessed annual revenue of $1.09 billion.

Latest News

Indian Dairy Association Inaugurates New Office at Rajasthan State Chapter

The Indian Dairy Association (IDA) has inaugurated a new office at its Rajasthan State Chapter. The event was graced...
spot_img