Swiggy has received approval from its shareholders for an initial public offering (IPO) worth $1.2 billion. The IPO consists of a ₹3,750 crore ($450 million) fresh issue and a ₹6,664 crore ($800 million) offer-for-sale (OFS) component. The IPO is expected to open for subscription sometime this year. Swiggy recorded a $207 million loss for the nine months to December 2023, with a revenue of $1.02 billion during the same period. In fiscal year 2022-23, its revenue was at $1.05 billion.