Swiggy IPO: Prosus may pocket $500 million; founders snag $36 million via secondaries

September 28, 2024

Swiggy’s largest investor, Prosus, plans to offload a 5% stake in the company’s upcoming IPO, potentially realizing over $500 million. Other investors like Elevation Capital and Accel will also sell parts of their stakes. Swiggy aims to raise up to $448 million through fresh shares.

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