Swiggy early investors to pocket gains ranging between 3x and 35x

Food delivery aggregator Swiggy’s early investors will see returns as high as up to 35x as the company lists on the Indian bourses.

According to the draft red herring prospectus (DRHP), early backers of the company will see gains in the range of 3x-35x.

“Early investors are making anywhere between 25 and 35 times returns. That is, if you look at the weighted average cost of their acquisition. Some of them may look at taking some of the chips off the table. Some earlier investors like Accel reinvested in our latest round through their other fund,” said Raul Bothra, chief financial officer (CFO), Swiggy.