Swiggy Transitions to Public Limited Company Ahead of IPO

Swiggy, the popular food aggregator, is preparing for its much-anticipated IPO by converting itself from a private limited company to a public limited one. The company's holding entity has been officially renamed 'Swiggy Limited,' marking its shift towards becoming a publicly-traded entity. Documents filed with the Registrar of Companies confirm this transition. While Swiggy has remained tight-lipped about the development, reports suggest that it plans to file its draft red herring prospectus soon, with aims to raise approximately $1 billion through the IPO by the end of 2024.

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