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Swiggy sees another top-level exit as SVP Anuj Rathi quits after 7-year stint
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ICICI Securities, JP Morgan and is looking to raise around $1 billon. It has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, according to Reuters.
Earlier, Swiggy had put its IPO plans on hold amid a funding crunch and investor concerns about stretched valuations. It has now restarted its IPO planning by inviting eight investment banks to make pitches in early September to work on the IPO, including Morgan Stanley, JP Morgan and Bank of America, according to Reuters.
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