BENGALURU, Sept 26 (Reuters) - Softbank-backed food

delivery firm Swiggy said on Thursday it aims to raise 37.5

billion rupees ($448.56 million) in its initial public offering,

which looks set to be among India's biggest listings this year.

Existing shareholders including Accel India and Tencent

Europe will sell about 185.3 million shares, the Bengaluru-based

startup said in its draft prospectus.

Swiggy's long-awaited public listing comes amid a booming

IPO market, with 198 companies having raised $7.1 billion in the

year to Sept.4, more than double the amount for the same period

last year.

The company, backed by investment group Prosus and

Japan's SoftBank, competes with Zomato in

India's online restaurant and cafe food deliveries sector.

Both companies have made major bets on the new so-called

quick commerce boom where groceries and other products are being

delivered in 10 minutes.

($1 = 83.6010 Indian rupees)