Swiggy’s DRHP: A Look At The Startup’s Shareholding Pattern & Top Guns 

Swiggy’s DRHP: A Look At The Startup’s Shareholding Pattern & Top Guns 

SUMMARY

MIH India Food Holdings B.V., a subsidiary of Naspers, is the largest shareholder with a 30.95% stake in Swiggy

SVF II SONGBIRD (DE) LLC which is a part of SoftBank Vision Fund II, is the second biggest shareholder with a 7.75% stake in the startup, followed by Accel, which holds a 6.08% stake

In terms of the stake owned by the cofounders, Sriharsha Majety owns a 6.23% stake in Swiggy, while Lakshmi Nandan Reddy Obul holds 1.76% and Rahul Jaimini owns 1.14%

Foodtech giant Swiggy has submitted its first updated draft red herring prospectus (DRHP) on Thursday (September 26) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) valued at INR 3,750 Cr ($450 Mn).

According to the DRHP, the public issue consists of a fresh share issuance worth INR 3,750 Cr, alongside an offer for sale (OFS) of 18.53 Cr equity shares.

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