Akshata Sharma
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Ahead of its initial public offering (IPO), Swiggy's early backers are selling shares and partly diluting their stakes in the foodtech company
These shares are being bought by new investors who are optimistic about the foodtech giant's growth potential.
Prosus, Accel and Elevation Capital are among the early investors to be selling their shares in Swiggy.
The report further added that wealth management service providers, including 360 ONE, a host of high net-worth individuals (HNIs) and others are picking up stakes in the company.
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