How India’s quick-commerce boom fueled Swiggy’s $1.4 billion IPO

Swiggy’s IPO received bids for more than three times the shares on offer at the end of the last day of bids.

Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India’s second-largest share sale this year.