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Swiggy IPO To Open On Nov 6, Value The Company At $11.3 Bn

  • Swiggy's IPO is set to open for public subscription on November 6 and close on November 8
  • The company is seeking a valuation of $11.3 Bn, slightly higher than its last private valuation of $10.7 Bn
  • Swiggy was initially targeting a valuation of $15 Bn, but plans to lower it to $12.5 Bn to $13.5 Bn due to market conditions
  • Swiggy's net loss rose 8% YoY to INR 611 Cr in the June quarter of 2024, while operating revenue grew 35% YoY to INR 3,222.2 Cr

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