Swiggy, a food delivery company has recently undergone a transformation into a public entity, as confirmed by the board of directors and formalized with the Registrar of Companies. This transition signals Swiggy’s strong commitment to launching an Initial Public Offering (IPO) in the latter part of the year, according to a report by Entrackr.
Formerly known as Swiggy Private Limited, the company has now adopted the name Swiggy Limited, following a previous name change from Bundl Technologies Private Limited to Swiggy Private Limited in February. This renaming aligns with Swiggy’s core brand identity, as the company has stated previously.
Despite experiencing valuation fluctuations from investors, including declines, Swiggy’s valuation has recently been adjusted by the US-based asset management firm Baron Capital to $12.1 billion, up from $10.7 billion.
