Fidelity, Norges among anchor investors in Swiggy IPO

Fidelity, Norges among anchor investors in Swiggy IPO

FILE PHOTO: Gig workers prepare to deliver orders outside Swiggy's grocery warehouse at a market area in New Delhi, India, May 6, 2024. REUTERS/Priyanshu Singh/File Photo

Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be India’s second-largest stock offering this year.