Swiggy, the India food-delivery and quick-commerce start, has raised almost $606 million from an excess of 75 anchor investors as part of a $1.35 billion initial public offering, sources told Bloomberg, as it gears up for the second-biggest listing in India so far this year, to be executed next week.

The Bengaluru-based startup, which aims to raise a valuation of $11.3 billion in its IPO, saw bids worth $15 billion for the $600 million portion. Indian institutional investors cornered about 56% of the anchor allocation, sources familiar with the matter said. The eight top mutual funds in India have invested in the anchor round.

Among these investors are BlackRock, Fidelity, Norges Bank, BNP Paribas, HSBC, Nomura, Jane Street, Citadel, Motilal Oswal, Kotak, 360One and some mutual funds and insurance units operated by Indian lenders SBI, ICICI, Kotak and HDFC, sources said, speaking on condition of anonymity.
Swiggy acknowledged the fundraise in an exchange filing after the story published.

At the competitive end, companies such as Zomato and Nexus-backed Zepto compete with Swiggy, which is backed by investors that include Prosus, SoftBank, Accel and Coatue.