Swiggy IPO plans unveiled: Will it take a bigger bite of Zomato’s pie? A closer look at food-tech’s financials

Swiggy IPO: Swiggy, one of India’s largest food delivery platforms, filed its updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on September 26 as it gears up for a major initial public offering (IPO). The Bengaluru-based company plans to raise ₹3,750 crore ($448.56 million) through the IPO. The move sets the stage for an exciting public showdown with its arch-rival, Zomato, as both companies battle for dominance in India’s fast-growing food and quick-commerce markets.