Swiggy Files for Initial Public Offering to Raise Up to 1.35 Billion Dollars
Swiggy Limited has launched its initial public offering to raise up to 11,327 crore Rupees, with a price band set between 371 and 390 Rupees per share. The capital will fund dark store expansion for its quick commerce unit, Instamart, and general corporate purposes as the firm seeks to narrow its net losses in a competitive duopoly.
