Swiggy targets $15 billion valuation to raise $1-1.2 billion via upcoming IPO
SoftBank-backed food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion
The valuation and issue deal would make it one of the biggest Indian IPOs this year
Swiggy aimed to use IPO proceeds to expand its quick commerce Instamart business and open more warehouses to better compete with Zomato.
