Swiggy files for Rs 10k crore IPO, eyes Diwali listing

Swiggy has filed for an IPO estimated at $1.2 billion, which could increase to $1.4 billion following a shareholder meeting. The company intends to raise Rs 3,750 crore through new shares and the rest from an offer-for-sale by existing investors. The IPO might be timed with Diwali festivities in November.