Swiggy Secures INR 5,085 Cr From Anchor Investors

Before its initial public offering (IPO), food delivery business Swiggy received a Rs 5,085 crore investment from anchor investors.

Kotak MF, ICICI Prudential MF, Fidelity, Nomura, Axis MF, HDFC Life, ICICI Pru Life, Invesco, HSBC, Citigroup, Bofa Securities, Bandhan Multi Cap, Tata Large Cap, Societe Generale, Avendus, and SBI MF are among the prominent funds that took part in the anchor round.

Read also - Inflexor Ventures Announces First Close of Opportunities Fund at INR 280 Cr

The IPO is open for subscription on November 6. On the first day of bidding, bids for the inaugural share sale totaled 98.87 lakh shares, while the offered shares were 16.01 crore.

About Swiggy

Swiggy is an on-demand delivery platform with a tech-first approach to logistics and a solution-first approach to consumer demands. 

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