Swiggy trims valuation target to $11.3 billion for IPO

Swiggy plans a Rs 11,327 crore IPO on Nov 6, aiming for $11.3 billion valuation, adjusted from up to $13 billion due to market conditions. Prosus, Accel, and Elevation Capital will sell part of their stakes. This follows a $10.7 billion valuation in Jan 2022.