Swiggy raises over Rs5,000cr from anchor investors – Times of India-OxBig News Network

MUMBAI: Swiggy has raised Rs 5,085 crore from anchor investors. The anchor book garnered wide interest from domestic and international institutional investors. About 56% of the anchor book was allocated to domestic institutional investors. Eight of the top 10 mutual funds participated, with participation from over 21 domestic mutual funds. Key investors in the space include SBI Mutual Fund, Kotak Mutual Fund, Mirae Mutual Fund and Nippon Mutual Fund.
It also saw participation from top insurance companies like HDFC Life and SBI Life besides interest from large global mutual funds like Fidelity and Blackrock. Large global sovereign wealth and pension funds like Norges also supported the anchor allotment.
Swiggy’s Rs 11,327 crore (about $1.4 billion) initial public offering (IPO) will open for bidding on Nov 6.