Swiggy, the food and grocery delivery firm, has garnered approval from its shareholders for its upcoming initial public offering (IPO). The company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, coupled with an offer-for-sale (OFS) segment of up to Rs 6,664 crore ($800 million). Swiggy aims to secure approximately Rs 750 crore from anchor investors in a pre-IPO round. The IPO is part of a wave of emerging startups gearing up to go public this year, including Firstcry, Ola Electric, and Awfis. Prosus, holding a 33% stake, is the largest shareholder in Swiggy, followed by SoftBank and other prominent investors.
Swiggy Receives Shareholder Approval for IPO, Aiming to Raise $1.25 Billion
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/26064054/1640019688-8865-ezgif.com-avif-to-jpg-converter.jpg)