Reported 24 days ago
Indian food delivery service Swiggy Ltd., backed by SoftBank, is reportedly preparing to file for an initial public offering (IPO) this week, aiming to raise over $1 billion. The company, which partners with over 150,000 restaurants in India, is awaiting approval from the Securities and Exchange Board of India (Sebi) to proceed with its plans. This move aligns with a growing trend of IPOs in India, marking a significant step in the company’s growth and competitiveness against rivals.
Source: YAHOO