Swiggy targets $15B valuation in IPO

By  
Artur Stańczuk
August 25, 2024
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Summary:

Swiggy targets a $15B valuation in its upcoming IPO to raise $1-1.2B. This would be one of India's biggest IPOs this year. Swiggy plans to use the funds to expand its quick commerce business, Instamart, which is currently loss-making but crucial to competing with Zomato.

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