Food delivery platform Swiggy transforms into a public limited company, preparing for a $1B IPO this year.

Food delivery platform Swiggy has transformed into a public limited company in preparation for an anticipated initial public offering (IPO) later this year. The company aims to raise around $1 billion through the IPO, following in the footsteps of other new-age internet companies in India seeking to list on public bourses. Swiggy's draft red herring prospectus is expected to be filed in the coming months.

April 08, 2024
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