Norwest Venture Partners

Swiggy has established a price band of INR 371 to INR 390 per equity share, with bids to be made for a minimum of 38 equity shares and in multiples of 38 thereafter.

The platform aims to deploy the raised funds to accelerate expansion in existing markets and enhance its technology infrastructure.

The newly secured capital will be directed toward expanding Finova's loan book, investing in technology, and enhancing its geographic footprint.

Currently, the Gurugram-based platform claims to operate in 7 states of North and Central India with a team of 1300 employees and 115 branches and plans to expand further into the South.