Swiggy seems to be racing against time to show decent numbers as it gets ready for a mega $1.2 Bn IPO, E-Commerce Services in Chandigarh comprising a fresh issuance of $450 Mn and an offer for sale (OFS) component worth $800 Mn.

According to industry sources keeping a close eye on the foodtech giant in the run-up to the company’s E-Commerce Services in Chandigarh public listing, the Swiggy management and investors engaged in several discourses in the last few months to reach a consensus over the company’s valuation.

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