Swiggy eyes IPO filing this week; may seek to raise over $1 billion

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country.

Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not to be identified as the information isn’t public. The Bengaluru-based company is waiting to get approval from India’s Securities and Exchange Board of India, known as Sebi, to proceed with the IPO filing, the people said.