HomeStartupsSwiggy plans to raise Rs 5,000 crore in upcoming IPO via fresh...

Swiggy plans to raise Rs 5,000 crore in upcoming IPO via fresh issue

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Swiggy is planning to raise Rs 5,000 crore from its upcoming IPO, seeking shareholder approval at an EGM on October 3. The company reported a 36% growth in operating revenue and reduced net loss by 44% for the year ended March 31, 2024. Swiggy competes with Zomato in food delivery and quick commerce.

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