Swiggy shares on the menu: Secondary transactions gain steam ahead of IPO
A clutch of Swiggy’s early investors are selling shares and partly diluting their stakes in the food delivery company ahead of its initial public offering (IPO) slated for later this year, several people aware of the transactions told Moneycontrol. Their shares are being mopped up by new investors who are upbeat on the company’s growth potential in the near future, they added.
Prosus, Accel and Elevation Capital are among the ones selling some shares in Swiggy, two people cited above said. Asset and wealth management providers such as 360 One, likely through its Special Opportunities Fund, a few high net-worth individuals (HNIs) and others are buying shares in the company.
