Swiggy's upcoming IPO is set to test India's appetite for $1 billion+ listings. The food delivery giant has secured $1.4 billion from institutional investors and aims to raise a valuation of $11.3 billion. This comes as the Indian tech startup space has seen over a dozen IPOs in the last four years, with mixed results. Zomato's stock surged 100% since its listing in 2021, while others like Paytm and Nykaa have struggled.

Source: https://techcrunch.com/2024/11/11/swiggy-listing-to-test-india-appetite-for-1-billion-plus-ipos/