Indian food delivery giant Swiggy has hired bankers as it gears up for an initial public offering next year, a source familiar with the matter said.
The startup, which was valued at $10.7 billion in its Series K financing in January this year, is looking to raise as much as $1 billion in the IPO, which it plans to file as early as first half of next year, the source said, requesting anonymity as the deliberations are ongoing and details are private.
Swiggy IPO’s timing and just how much money it wishes to raise from the public market are likely to change depending on the market conditions and other factors, the source cautioned, adding that the startup will be raising …
