Swiggy is likely to raise more than $1 Bn from its IPO. This comes after it filed for an IPO  via a confidential pre-filing route in April

The company is looking to raise more than $1bn, people in the know reportedly told Bloomberg as the information is not public yet. It is reported that the Bengaluru-based delivery major is waiting to get approval from the Securities and Exchange Board of India (Sebi) to go ahead with the IPO.

Indias food-delivery giant, Swiggy Ltd, is reportedly gearing up to file for its initial public offering (IPO) as early as this week. According to individuals familiar with the matter, Swiggy is aiming to raise over $1 billion from the offering.

Bengaluru-based Swiggy is likely to raise more than $1 billion from its IPO as the diversified food biz startup is waiting to get approval from Sebi) to proceed with the IPO filing, said the report.

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country.

Swiggy, a prominent Indian food delivery platform, is preparing for its domestic initial public offering (IPO) this week, according to Bloomberg. The Bengaluru-based company is aiming to raise over $1 billion through this IPO. However, the final details regarding the size and timing of the offering are still under discussion and subject to change.