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Swiggy IPO: Swiggy IPO valuation at $11.2 billion; BlackRock, CPPIB, SBI MF, others subscribe to anchor book

 October 26, 2024  Leave a Comment on Swiggy IPO: Swiggy IPO valuation at $11.2 billion; BlackRock, CPPIB, SBI MF, others subscribe to anchor book
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Food and grocery delivery firm Swiggy’s initial public offering (IPO) will value the Bengaluru-based company at $11.2 billion, just a tad bit higher than its last round more than three years ago, as per people in the know.

The Rs 11,350 crore IPO, among the largest this year in India, will see as much as Rs 6,800 crore in secondary sale via an offer for sale (OFS) with primary capital of Rs 4,500 crore coming into the company.

Swiggy’s last private round valuation was $10.7 billion when it raised funds from Invesco in January 2022.

Swiggy IPOETtech

The much-anticipated IPO has seen the likes of BlackRock, CPPIB, SBI Mutual Fund, join in as foreign and domestic investors.

Growfast

Early investors like Accel, Elevation Capital, Norwest Venture Partners have part sold shares in Swiggy in the OFS.

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ETtech has sent queries to Swiggy and the story will be updated with their response.



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