Swiggy gets Sebi nod for proposed $1.25 billion IPO

Swiggy has received market regulator approval for its $1.25 billion IPO. The company will now file an updated draft red herring prospectus, allowing a 21-day public feedback period. The IPO aims to raise Rs 3,750 crore in fresh capital and Rs 6,664 crore through an offer-for-sale. Major investors like Prosus and SoftBank may sell part of their holdings.