India's Swiggy eyes $800m IPO amid Zomato rivalry in tough market

Delivery company needs to show profit path, expanding base to woo investors

Swiggy has begun preparations to raise at least $800 million in an initial public offer early next year, Nikkei has learned. (Source photos by Getty Images)

SAYAN CHAKRABORTY, Nikkei staff writer

February 22, 2022 16:04 JST

BENGALURU -- Indian food delivery company Swiggy has begun preparations to raise at least $800 million in an initial public offer early next year, three people familiar with the situation told Nikkei Asia.