At the upper end, the valuation would represent only a modest premium to its $10.7 billion private market value from early 2022 falling short of recent valuations by mutual fund investors Invesco and Baron.
As part of the MoU, Swiggy will deliver food to train passengers travelling via Bengaluru, Bhubaneswar, Visakhapatnam and Vijayawada
Swiggy is using the last funding round valuation of $10.7 billion as a benchmark for IPO planning
Swiggy has acquired Dineout, a dining out and restaurant tech platform
Food-ordering apps Zomato and Swiggy were down on Wednesday afternoon
According to a latest report by sources, food delivery platform Swiggy is aiming to launch an $800 Million IPO by early 2023
Restaurants that are GST-registered are currently collecting and submitting the tax.
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