Swiggy to raise Rs 3,750 cr through public offer

NEW DELHI: Food tech firm Swiggy said on Thursday it aims to raise `3,750 core ($449 million) in its initial public offering (IPO). Existing shareholders such as Accel India and Tencent Europe will sell about 185.3 million shares, Swiggy said in its draft prospectus.

Swiggy’s plan to go public comes at a time when investors are showing confidence in new age companies. Shares of Swiggy’s rival Zomato have gained more than 184% in the last one year.