Swiggy to file confidential papers with SEBI for $1.2B IPO

Prosus-backed foodtech giant Swiggy will reportedly file confidential papers with SEBI for an initial public offering (IPO). Swiggy received shareholder approval for its proposed $1.2 billion IPO. The Zomato rival will raise up to Rs 3,750 crore in fresh capital. Swiggy's investors and other shareholders intend to sell shares worth Rs 6,664 crore as part of the offer-for-sale component.