Swiggy Vs Zomato: Food delivery hits the speed track on Dalal Street

While Zomato has been the only listed food delivery platform in India until now, Swiggy is upping its game and is all set to become the second company in the food-tech space to get listed. Online food delivery aggregator Swiggy is targeting an IPO launch in November with the company having officially received a green light from the Securities and Exchange Board of India (SEBI) for its much-anticipated public listing. Swiggy has also now filed its updated Draft Red Herring Prospectus (DRHP) with the SEBI for an IPO to raise Rs 3,750 crore through a fresh issue and an offer for sale (OFS) expected to exceed Rs 6,500 crore, bringing the combined IPO size to well over Rs 10,000 crore.