Swiggy receives Sebi approval for $1.25 billion IPO

Swiggy has received SEBI’s nod for its $1.25 billion IPO. The company will file an updated draft red herring prospectus and enter a 21-day public feedback phase. The IPO aims to raise Rs 3,750 crore in fresh capital and Rs 6,664 crore via an offer-for-sale component.