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NEW DELHI: Food delivery giant
Swiggy
is targeting a valuation of around $15 billion for its upcoming
stock market
offering to raise $1-1.2 billion, people familiar with the matter said. The deal would make it one of biggest Indian IPOs this year.
Zomato
has a market valuation of around $28 billion – its shares have more than doubled since listing in 2021.
Swiggy said in response to a Reuters query that it could not comment on “any
market speculation
“. Its last funding round, led by Invesco in 2022, valued it at $10.7 billion.
