Swiggy, the Indian food delivery giant, has secured shareholder approval for a potential $1.2 billion IPO. The company plans to raise up to Rs 3,750 crore ($450 million) through a fresh issue and up to Rs 6,664 crore ($800 million) via an offer-for-sale (OFS) component. Additionally, Swiggy is considering an anchor round of Rs 750 crore. The IPO is expected to take place later this year, with Swiggy holding approximately 45.8% of the Indian food delivery market share. Major stakeholders in Swiggy include Prosus Ventures with a 31.7% share, followed by SoftBank at 8%, and Accel at 6%.
.@Swiggy has received shareholder approval for its proposed $1.2 billion #IPO, aiming to raise Rs 3,750 crore in fresh capital. @Prosus_Ventures holds the majority stake in Swiggy at 31.7%, followed by @SoftBank at 8% and Accel at 6%. #SwiggyIPO #FoodTech Read More πβ¦ https://t.co/XW4opVQIGD
Swiggy IPO News: Food delivery major gets shareholders nod - Check valuation https://t.co/mRoCSNOCeQ
Swiggy aims to raise $1.25b in planned IPO https://t.co/RCADLONxxD
#Swiggy shareholders give nod to $1.2-billion IPO: What we know so far https://t.co/6mirffDgLz https://t.co/1QBmaIVv3U
π¨ @Swiggy has received the approval from shareholders for a $1.2-billion #IPO, according to RoC filings. The food tech giant plans to raise up to Rs 3,750 crore through a fresh issue and up to Rs 6,664 crore as an offer-for-sale (OFS) component, the filings showed. https://t.co/afa18yQJDe
News Alert | Food delivery firm Swiggy plans to raise $1.25 bn via IPO https://t.co/oZKeOaOtdU
Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later this year (@refsrc / TechCrunch) https://t.co/MBC9fBOSFI π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/Yi7GMgxTA3
Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval: https://t.co/OwghcuDG9f by TechCrunch #infosec #cybersecurity #technology #news
π¨π Swiggy secures shareholder nod for a potential $1.2 billion #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). https://t.co/U13B9rX7Sl By @pranavmukul
π¨π¨Breaking: Swiggy secures shareholder nod for potential $1.2 billion IPO at Tuesday EGM. Includes fresh issue of up to Rs 3,750 cr ($450m) and OFS component of up to Rs 6,664 cr ($800m). Company also looking at anchor round of Rs 750 cr. @ETtech https://t.co/UdaM4bllmG
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