CosmicTaco

Swiggy to eye IPO filing this week

CosmicTaco · 2024-09-17T08:42:47.638154+05:30

- Swiggy, backed by SoftBank, is planning to file for an IPO this week, aiming to raise over $1 billion. - The Bengaluru-based company partners with over 150,000 restaurants across India. - Swiggy is awaiting approval from India's Securities and Exchange Board to proceed with the IPO. - The IPO details, including size and timing, are still under discussion and may change. - Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/companies/softbank-backed-swiggy-said-to-eye-ipo-filing-this-week-12822166.html)

Swiggy, backed by SoftBank, is planning to file for an IPO this week, aiming to raise over $1 billion.
The Bengaluru-based company partners with over 150,000 restaurants across India.
Swiggy is awaiting approval from India's Securities and Exchange Board to proceed with the IPO.
The IPO details, including size and timing, are still under discussion and may change.
Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market.

Source: Moneycontrol