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Swiggy Eyes IPO Launch By September 2024: Report

Swiggy is using its last funding round valuation as a benchmark but has yet to finalize the stake sale or valuation

Food delivery company Swiggy has reportedly restarted its IPO plans after putting them on hold earlier due to market conditions. The Bengaluru startup, valued at USD 10.7 billion, is in talks with investment banks to assess its valuation.

Swiggy is using its last funding round valuation as a benchmark but has yet to finalize the stake sale or valuation. The company aims to list on Indian bourses by July-September 2024.

Swiggy had previously planned to go public in September 2023 but postponed it. Despite facing valuation markdowns, Swiggy’s food delivery business turned profitable in March.



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