Swiggy Limited — Others, 05-02-2025: Monitoring Agency Report

Swiggy Limited has submitted a Monitoring Agency Report for the quarter ended December 31, 2024, prepared by CRISIL Ratings Limited. The report indicates that there were no deviations from the objects of its Initial Public Offer (IPO) and confirms that the Company is on track with the utilization of proceeds, primarily aimed at enhancing operations within its material subsidiary, Scootsy. The report highlights full compliance with the intended use of funds designed for growth initiatives, including technology investment and market expansion. This steady progress may bolster investor confidence, indicating a focused strategy with minimal risk in the deployment of IPO proceeds.