Swiggy Launches $11.3 Billion IPO Amid Strong Investor Interest

The food delivery giant aims to raise over ₹11,000 crore, with shares priced between ₹371 and ₹390.

Swiggy's IPO, opening today, seeks to raise ₹11,327 crore through a mix of fresh issues and an offer for sale.
The company has already secured ₹5,085 crore from anchor investors, including major global and Indian funds.
Swiggy's valuation is set at $11.3 billion, with a grey market premium of ₹22 per share.
Funds from the IPO will be used for technology upgrades, marketing, debt repayment, and potential acquisitions.
Despite strong revenue growth, Swiggy faces challenges with ongoing losses and competition from Zomato.