Swiggy Valued At $11.5 Bn By Investor 360 One: Report

Swiggy Valued At $11.5 Bn By Investor 360 One: Report

SUMMARY

According to an investor presentation seen by ET, 360 One WAM reported that Swiggy generated INR 7,474 Cr in revenue during the first half of fiscal 2024

This is the latest valuation for Swiggy from a private investor, as the Bengaluru-based company progresses through a $1.25 Bn IPO process

In April, Swiggy filed for an IPO through a confidential pre-filing with SEBI

Swiggy’s backer 360 One WAM valued the IPO-bound foodtech major at $11.5 Bn as of June. 

According to an investor presentation seen by ET, 360 One WAM reported that Swiggy generated INR 7,474 Cr in revenue during the first half of fiscal 2024. This projects to an annualised revenue of INR 14,947 Cr for the full year ending in March.

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