Swiggy recently upsized its IPO to $1.4 billion, amid intensifying competition in the online grocery delivery space, where its platform Instamart competes with the likes of Zomato-owned Blinkit, Zepto

Food and grocery delivery giant Swiggy is gearing up to file its Draft Red Herring Prospectus (DRHP) this weekend, according to reports from Moneycontrol.

Swiggy, along with Zomato, dominates over 90% of India's food delivery market. This market is projected to expand to ₹2 lakh crore by 2030. While Zomato went public last year, Swiggy is preparing to follow suit in the upcoming months. The company was valued at $10.7 billion during its last fundraising round in January 2022.

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.

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.

Bengaluru-based food delivery giant, Swiggy is reportedly gearing up to file for its IPO this week. The SoftBank-backed company is aiming to raise over $1 billion (₹8,389 crore) through its listing. What Happened: Swiggy is currently awaiting the green light from the Securities and Exchange Board of India (SEBI) to go ahead with the IPO filing,

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.

Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not to be identified as the information isn’t public. The Bengaluru-based company is waiting to get approval from India’s Securities and Exchange Board of India,