Swiggy plans to launch its initial public offering (IPO) this Wednesday, with the bidding process set to close on Friday. The IPO comprises a fresh issue amounting to Rs 4,499 crore alongside an offer for sale of 17.5 crore shares
Read MoreThe report states that the ecommerce sector is poised for substantial growth and the gross merchandise value (sales) is expected to be around Rs 1 lakh crore to Rs 1.2 lakh crore
Read MoreSwiggy, 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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