Swiggy IPO: Prosus may pocket $500 million; founders snag $36 million via secondaries

Swiggy's largest investor, Prosus, plans to offload a 5% stake in the company's upcoming IPO, potentially realizing over $500 million. Other investors like Elevation Capital and Accel will also sell parts of their stakes. Swiggy aims to raise up to $448 million through fresh shares.