Swiggy, a popular food delivery platform in India, is set to launch its Initial Public Offering (IPO) between November 6 and November 8, 2024. The company plans to raise around ₹11,000 crore through the IPO and will use most of the proceeds for expanding its dark stores and brand marketing. However, the company also highlights its lack of profitability and negative cash flow as potential risks in its prospectus. CEO Sriharsh Majetty reassures that the business is not currently affected by the urban consumer slowdown, and is confident about the continued growth of the company.