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Swiggy has raised around $ 606 million from a set of more than 75 anchor investors as part of its$1.35 billion initial public offering , as the Amerindic food for thought delivery and flying Department of Commerce startup prepares for the land ’s second - heavy itemisation of the year next week .
The Bengaluru - based startup , which is seeking an $ 11.3 billion valuation in the initial offering , received bids worth $ 15 billion for the $ 600 million portion . Indian institutional investor received about 56 % of the overall keystone allotment , reference familiar with the subject tell . Eight of the top 10 Indian reciprocal funds have invested in the anchor round .
The backbone investors admit BlackRock , Fidelity , Norges Bank , BNP Paribas , HSBC , Nomura , Jane Street , Citadel , Motilal Oswal , Kotak , and 360 One , as well as mutual funds and policy units operate by Native American lenders SBI , ICICI , Kotak , and HDFC , the seed said , requesting namelessness .
In anexchange filing , succeed the publication of the story , Swiggy confirmed the fundraise .
Swiggy , which counts Prosus , SoftBank , Accel , and Coatue among its backers , contend with firms including Zomato and Nexus - indorse Zepto .
