Swiggy gets Sebi approval to raise funds via IPO

New Delhi: Food and grocery delivery major Swiggy has received capital markets regulator Sebi's clearance to launch its much anticipated Initial Public Offering (IPO), sources said on Wednesday.

Swiggy filed its offer document on April 30 through the confidential pre-filing route, keeping details undisclosed for the time



being.

Under the confidential filing process, Swiggy will submit two updated draft prospectuses after Sebi's approval -- one addressing the regulator's feedback and the other for public comments over 21 days. Only then will the final prospectus be filed, and the company can launch roadshows for the IPO, sources said.