Swiggy, India's leading food delivery and quick commerce startup, has successfully raised $606 million from over 75 institutional investors through its initial public offering (IPO). The company aims for an $11.3 billion valuation in the IPO, making it one of the largest listings in Indian history.

The anchor investors include prominent global funds such as BlackRock, Fidelity, and Norges Bank, alongside major Indian lenders like SBI, ICICI, and HDFC. Eight out of the top 10 Indian mutual funds have also invested in the anchor round. Swiggy's IPO is set to be listed next week.

Source: https://techcrunch.com/2024/11/05/swiggy-ipo-nets-606-million-from-institutional-investors/