Swiggy has reduced its IPO valuation to $11.3 billion, which is 25% lower than its initial target of $15 billion. This decision was influenced by mark

The food delivery platform aims to raise around ₹11,300 crore through the issue, which will include an offer for sale (OFS) valued at ₹6,800 crore and a fresh equity issuance of ₹4,500 crore.

Indian food delivery giant Swiggy is internally aiming for a company valuation of $12.5 billion-13.5 billion for its upcoming IPO, cutting its target by 10-16% due to market volatility, two people with direct knowledge said on Thursday.

Swiggy does not want a bad IPO, a source said. Its last funding round, led by Invesco, valued it at $10.7 billion in 2022

Swiggy lowers IPO valuation to $11.3 billion amid market volatility, attracting investments from BlackRock and CPPIB.

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment,

Swiggy plans a Rs 11,327 crore IPO on Nov 6, aiming for $11.3 billion valuation, adjusted from up to $13 billion due to market conditions. Prosus, Accel, and Elevation Capital will sell part of their stakes.

BlackRock (NYSE:BX) and the Canada Pension Plan Investment Board (CPPIB) will invest $1.4B in the initial public offering of Indian food-delivery giant Swiggy, Reuters reported Sunday, citing two sources.