Swiggy has lowered its IPO valuation to $11.3 billion, 25% below its initial target, amid concerns over market volatility and a lukewarm response to Hyundai India's recent debut. Backed by BlackRock and CPPIB, the $1.4 billion IPO will be India's second-largest this year. Despite uncertainties, India's IPO market has seen strong momentum, with $12.57 billion raised across 270 companies so far in 2024. #Swiggy #IPO #InvestmentOpportunities
