Swiggy Eyes $15 Bn Valuation For Its IPO

SUMMARY

Swiggy, which is looking to raise $1 Bn to $1.2 Bn via its IPO, was valued $10.7 Bn after its last funding round in 2022

Swiggy’s investor 360 One gave it a price tag of $11.5 Bn as of June 2024

The foodtech startup’s IPO will include a fresh issue of shares worth INR 3,750.1 Cr and an offer-for-sale component worth INR 6,664 Cr, as per its regulatory filings

Foodtech major Swiggy, which was last valued at $10.7 Bn, is reportedly targeting a valuation of $15 Bn valuation for its initial public offering (IPO) of $1 Bn to $1.2 Bn.

Citing sources, Reuters reported that while Swiggy is targeting $15 Bn valuation, the final figure may change.

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