Swiggy’s IPO is set to launch on Nov 6, marking the second-largest public issue this year in India. Co-founder Sriharsha Majety emphasizes quick commerce’s potential to surpass food delivery due to a larger market. Swiggy aims for a valuation of $11.3 billion, with a significant portion of funds raised through fresh shares and existing shareholders’ sales.
‘Swiggy quick-commerce may beat food delivery business’
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