New Delhi New Delhi: Food delivery giant Swiggy, which is planning its initial public offering (IPO), has unveiled a new feature called ‘International Login’ to serve its international customers. The feature allows individuals residing in countries such as the US, Canada, Germany and the UK to order food for their family and friends in India. Leveraging Swiggy’s quick commerce platform Instamart, international users can now shop and book tables through Dineout. Payments for these services can be processed using international credit cards or UPI options.
The much-awaited feature aims to simplify surprise celebrations for loved ones during festive times. In a strategic move, Swiggy recently submitted its revised draft papers for its IPO to the Securities and Exchange Board of India (SEBI). The offering comprises fresh equity shares worth Rs 3,750 crore and an offer for sale of up to 18.52 crore shares by existing investors. Market sources estimate the total value of the IPO to be over Rs 10,000 crore.
