Swiggy plans to raise $1.1 bn in share sale next week

Food deliverer Swiggy Ltd is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.

- Bloomberg

The company has shortlisted three banks to manage the share sale—the Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Kotak Mahindra Capital Co.—the people said, asking not to be identified because the information is private.