Days before Swiggy filed its updated draft red herring prospectus (DRHP) with SEBI, Swiggy CEO Sriharsha Majety and several investors sold shares worth INR 670 Cr.
On September 20, Majety sold secondary shares worth INR 23 Cr to Torroz Fintech. Additionally, venture capital firm Elevation Capital offloaded 4.63 lakh Series B shares to Strootaay Unlisted Brokers for INR 439.12 Cr. These transactions highlight investor activity as Swiggy prepares for its upcoming IPO, positioning itself for the next phase of its growth.