Swiggy is gearing up for a public listing this year

Swiggy aims for a valuation between $12-15 billion

Swiggy initiated 'She The Change,' to recognize women

According to a report by Entrackr, Swiggy is gearing up for a public listing this year, intending to file IPO papers by May and launch its IPO around the festive season. The report suggests that Swiggy aims for a valuation between $12-15 billion, as stated by sources.

The food delivery and quick commerce platform is also considering a secondary market deal to provide exits for both early and late-stage investors, as per the report.

The report further adds that Swiggy seeks to achieve its latest primary valuation through the potential secondary transaction.

Swiggy has initiated ‘She The Change,’ an endeavor to recognize and celebrate women entrepreneurship. This initiative, inaugurated by Finance Minister Nirmala Sitharaman at an event, commemorates nearly a decade of Swiggy’s collaboration with women entrepreneurs and highlights both emerging and established women entrepreneurs in the Food & Beverage (F&B) industry.

At the event, women entrepreneurs in the F&B sector from across the country were honoured by the Finance Minister. Swiggy states that it hosts over 50,000 women-run restaurants on its platform, estimating that these entrepreneurs collectively generate around three hundred thousand jobs, with an average of six direct employees per restaurant.