Swiggy $12.5–13.5 Billion IPO Valuation

Swiggy Lowers its IPO Valuation Estimate to $12.5–13.5 Billion Owing to Market Volatility

According to multiple media sources, the Indian food delivery giant Swiggy is lowering its target by 10–16% because of market volatility, with the business aiming internally for a corporate valuation of $12.5 billion–13.5 billion for its impending IPO. Prior to this week's launch by