Swiggy weighs increasing its IPO size by $150M, aiming to raise up to $1.4B
Swiggy is considering boosting the fresh issue component of its IPO by $150 million, targeting a total of $1.4 billion.
Indian food delivery startup Swiggy is considering increasing the fresh issue component of its initial public offering by $150 million, aiming to raise a total of up to $1.4 billion in what is shaping up to be one of the largest public listings in India this year.
The Bengaluru-headquartered startup will ask shareholders to approve raising up to ₹50 billion ($600 million) through a fresh issue of shares, up from the previously planned $450 million, according to a 15-page notice for a meeting with shareholders that was filed late last week.