Indian food delivery start-up Swiggy is cutting about 400 jobs, or nearly 7% of its workforce, as the start-up seeks to bring further improvements to its finances ahead of a planned IPO later this year, reports TechCrunch. This is the second round of layoffs at the Bengaluru-headquartered startup, which cut just as many jobs early last year. The move comes as Swiggy attempts to further improve its finances. Though its food delivery business has been profitable for several quarters, the startup is not profitable at a group level. Zomato, Swiggy’s chief rival, became profitable last year.