Swiggy Board Approves Up to Rs 10,000 Crore Fundraise via QIP to Boost Growth

Updated: November 07, 2025 17:58

Image Source : Industry Outlook

Swiggy’s board has approved plans to raise up to Rs 10,000 crore through a qualified institutional placement (QIP). The move aims to strengthen the company’s capital base to fuel expansion, support new business experiments, and enhance strategic flexibility amidst intense competition in the food and quick commerce sectors.

Key Highlights

Swiggy’s board sanctioned raising up to Rs 10,000 crore via QIP or other permissible modes
Fundraise intended to bolster capital reserves for growth and market competitiveness
Company faces dynamic, competitive environment with rapid investments across food and quick commerce sectors
Recent divestment from Rapido by Swiggy raised approx Rs 2,400 crore, strengthening balance sheet
Q2 FY26 revenue rose 54.4% YoY to Rs 5,561 crore despite widened net loss of Rs 1,092 crore
Funds will support scaling operations, marketing, technology, and “new experiments” to grow market share
Regulatory and shareholder approvals pending for the fundraise
Intends to maintain strategic flexibility for future opportunities in fast-growing industries

Detailed Report

India’s leading food and grocery delivery platform, Swiggy, announced that its board approved a plan to raise up to Rs 10,000 crore (approximately $1.14 billion) through a qualified institutional placement (QIP), subject to regulatory approvals. This capital infusion aims to strengthen Swiggy’s balance sheet and fuel aggressive growth in an intensely competitive market dominated by quick commerce and food delivery conglomerates.

The company’s second-quarter results showed a healthy 54.4% rise in revenue from operations to Rs 5,561 crore, reflecting strong consumer demand. However, losses widened due to heavy investment in customer acquisition and warehouse expansions for its Instamart quick-commerce segment.

By increasing its capital base, Swiggy plans to maintain strategic flexibility and fund new innovations across its business lines. The recent successful divestment of its entire stake in ride-hailing company Rapido for Rs 2,400 crore has further reinforced financial stability.

Swiggy remains focused on consolidating its position in the evolving food delivery ecosystem, preparing to capture emergent growth opportunities with enhanced funding capacity.

Sources: Moneycontrol, Reuters, Economic Times

Stay Ahead – Explore Now! Ashoka Buildcon Pushes Stake Sale Deadline to September Amid Strategic Reshuffle