Swiggy's board approves upto ₹10,000 crore fundraise through QIP

On Friday (November 7, 2025), Swiggy announced that its board has approved raising up to ₹10,000 crore through one or more rounds of funding via QIP or other allowed methods, to strengthen its growth plans in a competitive market.

Read also- Agnikul Cosmos raises Rs 67 Cr in funding

In a regulatory filing, Swiggy said that its board, in a meeting held on November 7, approved raising up to ₹10,000 crore through public or private offerings — including QIP or other permitted methods — in one or more rounds. The move is subject to receiving necessary approvals and will be open to eligible investors.

Swiggy, which operates food delivery and quick commerce businesses, recently said that the external environment is highly competitive and changing rapidly. Therefore, its board decided to consider raising additional funds.

"With the current cash balance to be further bolstered by the ₹2,400 crore rapido divestment, we feel comfortable about our overall balance sheet strength, and are well-funded for our growth ambitions," Swiggy said in a letter to shareholders on October 30 post declaring its second quarter results.

"However, the external competitive environment is dynamic, and legacy and new players continue to attract investments to the sector. This has necessitated a conversation with the board to consider additional fundraising, which will give us access to sufficient growth capital while enhancing our strategic flexibility,” it added.

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