Swiggy shareholders approve raising up to Rs 10,000 crore via QIP route

Shareholders of food and grocery delivery company Swiggy have approved its plan to raise Rs 10,000 crore through a qualified institutional placement, according to a regulatory filing.

Sources say the shareholders' approval clears the way for Swiggy’s capital raise, which could begin as early as this week.

Read also- Emergent secures strategic investment from google’s AI Futures Fund

In a QIP, companies usually offer shares at a discount to the market price. Swiggy’s shares closed 2.1% lower at ₹385.85 on the BSE on Monday.

At this price, a ₹10,000-crore QIP would dilute Swiggy’s existing shareholders by over 10%.

“We would like to inform that the resolution as set out in the notice dated November 14, 2025 was passed by the shareholders with the requisite majority,” a stock exchange filing read. The voting analysis showed that 99.47 per cent of votes were cast in favour of the resolution approving raising capital via QIP while only 0.52 per cent were against.

Noting strong and continued investment in Swiggy, the company’s CFO, Rahul Bothra, said the new QIP fundraise will be used as growth capital, and no further capital is expected after this round.

Advertisment

In Q2FY26, Swiggy posted a consolidated net loss of ₹1,092 crore, up from ₹626 crore a year ago. Despite this, revenue from operations grew 54.4% year-on-year to ₹5,561 crore, driven by expansion in food and grocery services.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.