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Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth
- Swiggy is seeking a valuation of up to $11.3 billion in its IPO, representing a 57% discount to rival Zomato's market cap.
- The IPO price band is set at ₹371 to ₹390 per share, with a target to raise $1.34 billion.
- Swiggy has lost significant market share in the food delivery and quick commerce segments.
- Zomato currently commands a market cap of $26.2 billion.
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