Swiggy's valuation jumps to ₹1.16 lakh crore ahead of IPO: Report

Swiggy's valuation in the unlisted market has surged from ₹70,000 crore to ₹1.16 lakh crore in the last two months ahead of its IPO, the Economic Times reported. Shares of the food delivery startup have jumped roughly 40% during the period to trade at around ₹490. Swiggy's ₹11,000-crore IPO reportedly received SEBI's approval earlier this week.