Improved stock-market sentiments around consumer-technology companies or a necessity of shareholders to realise some value? For either of the two reasons Swiggy is now looking to list itself in the public market. It filed its DRHP with the market regulator Sebi last week. Swiggy wants to raise around INR10,400 crore, or USD 1.2 billion, which would entail INR3,750 crore (~USD450 million) through a fresh issue and up to INR6,664 crore (~ USD800
E-commerce
Swiggy needs to answer these key questions before the IPO
Synopsis
Swiggy’s plans to go public may be a smart move. The dust and uproar around previous consumer tech and payments companies have settled and the market understands these businesses better. Investors, however, will ask these key questions because this company has a listed peer in Zomato.
Refer & Earn
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
