Swiggy’s Rs 5,000 Crore IPO Plan

Swiggy is gearing up for a major IPO. Learn about its growth, financials, and competition as it prepares to go public.

IPO Size Increased to Rs 5,000 Cr

Swiggy increased its fresh issue component to Rs 5,000 crore, seeking shareholder approval for the change at its upcoming EGM.

Confidential IPO Filing with SEBI

Swiggy has filed its draft IPO prospectus confidentially with SEBI, moving one step closer to its public listing.

Swiggy’s Financial Performance

Swiggy’s operating revenue grew by 36% to Rs 11,247 crore, while its net losses decreased by 44%, boosting its IPO prospects.

Swiggy vs. Zomato & Quick Commerce

Swiggy faces competition from Zomato in food delivery and Zepto and Blinkit in the fast-growing quick commerce space.

New Investors Ahead of IPO

Swiggy has seen new investors join through secondary transactions, adding fresh capital ahead of its public offering.