Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing to the local regulator.
The Bengaluru-headquartered startup, which competes with publicly-listed Zomato and StepStone Group-backed unicorn Zepto, plans to raise $450 million…