CosmicTaco

Swiggy IPO: A Windfall for Elevation, Accel, and Prosus

CosmicTaco · 2024-11-13T18:56:50.749144+05:30

* Swiggy's IPO has resulted in major returns for investors Elevation, Accel, and Prosus. * The IPO process, initiated in April 2024, saw shares worth at least $1.6 billion being sold by existing investors. * Prosus, the top stakeholder in Swiggy, made $500 million on its $1-billion bet in the company. Source: [The Arc](https://thearcweb.com/article/swiggy-ipo-delivers-a-major-payday-for-vcs-hKcCNyKCpdXDT15j)

Swiggy's IPO has resulted in major returns for investors Elevation, Accel, and Prosus.
The IPO process, initiated in April 2024, saw shares worth at least $1.6 billion being sold by existing investors.
Prosus, the top stakeholder in Swiggy, made $500 million on its $1-billion bet in the company.

Source: The Arc