Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore

Softbank-backed food delivery firm Swiggy said on Thursday it aims to raise Rs 3,750 core ($448.56 million) in its initial public offering, which looks set to be among India’s biggest listings this year.

Existing shareholders including Accel India and Tencent Europe will sell about 185.3 million shares, the Bengaluru-based startup said in its draft prospectus.