Swiggy, backed by the Japanese conglomerate SoftBank, intends to raise a whopping Rs 3,750 crore ($448.56 million) by issuing fresh shares. Additionally, existing shareholders such as Prosus, Accel India, and Tencent Europe are also expected to sell portions of their existing stakes.
Read MoreAs Ola prepares for its IPO, the business is re-entering the rapid delivery sector with plans for automated dark stores and a new UPI system
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