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Swiggy IPO nets $606 million from institutional investors

  • Indian food delivery and quick commerce startup, Swiggy, has raised $606 million from anchor investors as part of its $1.35 billion IPO.
  • The startup received bids worth $15 billion for the $600 million portion.
  • Indian institutional investors received about 56% of the overall anchor allocation.
  • Top investors include BlackRock, Fidelity, Norges Bank, BNP Paribas, HSBC, Nomura, Jane Street, Citadel, Motilal Oswal, Kotak, 360One, as well as mutual funds and insurance units operated by Indian lenders SBI, ICICI, Kotak, and HDFC.

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