Food delivery firm Swiggy targets $15 billion valuation in IPO: Report

Swiggy targeted a valuation of $15 billion for its upcoming IPO, aiming to raise $1-1.2 billion. Competing with Zomato, Swiggy secured shareholder approval for this move. The Indian food delivery giant backed by SoftBank, deal would make it one of biggest Indian initial public offerings this year. The company currently maintains around 550 grocery warehouses across 35 cities in India.