Swiggy has submitted draft documents for its IPO, which includes a fresh issue and an offer for sale (OFS).
Fresh Issue: 3,750 Cr
Ofs: 18,52,86,265 equity shares ( Approx $750 mn)
Summary of the primary business of Swiggy
Swiggy is a consumer-first technology company offering users an easy-to-use convenience platform – to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep
through on-demand delivery network. Our platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut), avail product pick-up/ drop-off services (Genie) and engage in other hyperlocal commerce (Swiggy
Minis, among others) activities. We augment the value proposition to users through our membership program “Swiggy One”, “Swiggy Money”, and Swiggy-HDFC Bank credit card.