<ul><li>The volatility in India’s stock market in October has influenced Swiggy’s valuation for its IPO.</li><li>Swiggy's CFO, Rahul Bothra, stated that the market's volatility in October impacted the company's IPO pricing decision.</li><li>Swiggy aims for a valuation of around $11.3 billion at the upper price band, which is lower than its initial target of $15 billion.</li><li>Despite lower valuation, Swiggy is confident about its strategy outlined in the offer documents and expects a fair assessment of its performance.</li></ul>

October’s volatility has been factored in determining IPO valuation: Swiggy CFO

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