Swiggy files for IPO, aims to raise Rs 3,750 crore through fresh issue

Food aggregator and grocery delivery platform Swiggy on Thursday filed draft red herring prospectus (DRHP) with the markets regulator, SEBI. The company is planning to raise Rs 3,750 crore via fresh issue.

The IPO is a combination of fresh issue and offer-for-sale of 185,286,265 shares by existing investors. Many investors including Accel, Tencent, Elevation Capital, Norwest Venture are selling some of their shares.