‘Swiggy quick-commerce may beat food delivery business’

Swiggy’s IPO is set to launch on November 6, marking the second-largest public issue this year in India. Co-founder Sriharsha Majety emphasizes quick commerce’s potential to surpass food delivery due to a larger market. Swiggy aims for a valuation of $11.3 billion, with a significant portion of funds raised through fresh shares and existing shareholders’ sales.