Swiggy has successfully raised around $606 million from various anchor investors as part of its ambition to conduct a $1.35 billion IPO, aiming for an $11.3 billion valuation.
The startup's IPO has attracted significant interest, receiving bids worth approximately $15 billion for the $600 million allocated to anchor investors, highlighting strong confidence in Swiggy's market potential.
Notably, Indian institutional investors accounted for about 56% of the overall anchor allocation, showcasing the local investment community's robust support for the food delivery sector.
Prominent global entities like BlackRock, Fidelity, and HSBC, along with major Indian mutual funds, underscore the strategic significance of investing in Swiggy ahead of its public listing.
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