Swiggy to eye IPO filing this week

• Swiggy, backed by SoftBank, is planning to file for an IPO this week, aiming to raise over $1 billion.
• The Bengaluru-based company partners with over 150,000 restaurants across India.
• Swiggy is awaiting approval from India's Securities and Exchange Board to proceed with the IPO.
• The IPO details, including size and timing, are still under discussion and may change.
• Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market.

Source: Moneycontrol