Swiggy upsizes IPO; plans to raise Rs 5,000 crore via fresh issue of shares

Swiggy is planning to raise Rs 5,000 crore from its upcoming IPO, seeking shareholder approval at an EGM on October 3. The company reported a 36% growth in operating revenue and reduced net loss by 44% for the year ended March 31, 2024. Swiggy competes with Zomato in food delivery and quick commerce.
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