Swiggy’s board approves upto ₹10,000 crore fundraise via QIP

Swiggy on Friday (November 7, 2025) said its board has approved raising funds up to ₹10,000 crore in one or more tranches through the qualified institutional placement (QIP) route or any other permitted mode, as it seeks to boost growth capital in a competitive environment.

In a regulatory filing, Swiggy said its board of directors, in its meeting held on November 7, has approved raising funds “through public or private offerings, through one or more tranches, through QIP or any other permitted mode… for an aggregate amount up to ₹10,000 crore to eligible investors, subject to receipt of necessary approvals”.

Swiggy, which owns food delivery and instant commerce businesses, had recently said that the external environment is competitive and dynamic, and hence the company’s board will consider raising additional funds.

“With current cash balances further enhanced by the Rs 2,400 crore disinvestment of Rapido, we feel comfortable about the strength of our overall balance sheet, and are well funded for our growth ambitions,” Swiggy said in a letter to shareholders after declaring its second-quarter results on October 30.

“However, the external competitive environment is dynamic, and legacy and new players continue to attract investment into the region. This necessitates a conversation with the Board to consider additional fundraising, which will provide us with access to substantial growth capital while enhancing our strategic flexibility.”