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Swiggy valued at $11.5 billion as IPO nears, driven by strong growth and quick commerce expansion

Swiggy valued at $11.5 billion as IPO nears, driven by strong growth and quick commerce expansion

Swiggy, the leading food delivery platform and Zomato’s main competitor, has been valued at $11.5 billion as of June 2024, according to 360 One WAM, formerly IIFL Wealth Management. This valuation comes as Swiggy continues to solidify its presence in the fast-evolving food delivery and quick commerce industries while preparing for its highly anticipated initial...