Swiggy’s IPO features a new providing price ₹4,499 crore, together with an offer-for-sale (OFS) of 175,087,863 fairness shares from the corporate’s promoting shareholders.
Within the OFS, the shareholders promoting their stakes embody Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V B.V, Elevation Capital V Ltd, Impressed Elite Investments Ltd, MIH India Meals Holdings B.V, Norwest Enterprise Companions VIIA-Mauritius, and Tencent Cloud Europe B.V.
The agency intends to make use of the web proceeds to put money into its major subsidiary, Scootsy, fulfill its debt obligations, broaden its community of darkish shops within the fast commerce trade, and pay for lease or licensing charges related to these darkish shops.
