Swiggy's IPO will consist of two main parts: a fresh issue of equity shares worth Rs 3,750 crore, and an offer for sale (OFS) of 18.52 crore shares by existing stakeholders.

Swiggy reported a substantial reduction in its net loss for the fiscal year 2024, which stood at ₹2,350 crore, down by 44% from ₹4,179 crore in the previous year. The company’s revenue increased by 36%, reaching ₹11,247 crore in FY24 compared to ₹8,265 crore in FY23.

In its DRHP, the company highlighted that they plan to open dark stores in existing cities such as Bengaluru, Pune, Mumbai, Kolkata, and other new places

Swiggy has filed its first DRHP with SEBI, preparing for an IPO. The filing indicates a fresh issue component of Rs 3,750 crore and an offer for sale of 18.53 crore shares.

Swiggy has filed its first updated DRHP with Securities and Exchange Board of India (SEBI) for an INR 3,750 Cr initial public offering.

By Aditya Kalra, Ashna Teresa Britto and Haripriya Suresh NEW DELHI/BENGALURU (Reuters) -SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.

There are three important factors where IPO-bound Swiggy lags its rival Zomato. Read on to know more about the factors highlighted.

Swiggy has filed its updated draft papers with markets regulator Sebi to raise funds through its much-anticipated Rs 10,000-crore IPO.

Swiggy, backed by investment group Prosus and Japan's SoftBank, competes with Zomato in India's online restaurant and cafe food deliveries sector.