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

Swiggy on Friday (November 7, 2025) stated its board has accepted the elevating of funds upto ₹10,000 crore in a number of tranches via the Qualified Institutional Placement (QIP) route or every other permitted modes, because it seeks to bolster progress capital in a aggressive setting.

In a regulatory submitting, Swiggy knowledgeable that its board of administrators at its assembly held on November 7 has “approved the raising of funds by way of public or private offerings including, through one or more tranches, by way of QIP or any other permitted modes … to the eligible investors as may be permitted, for an aggregate amount of upto ₹10,000 crore, subject to the receipt of necessary approvals”.

Swiggy, which owns meals supply and fast commerce companies, had just lately stated the exterior setting is aggressive and dynamic, and therefore the corporate’s board will think about elevating further 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 stated in a letter to shareholders on October 30 publish declaring its second quarter outcomes.

“However, the exterior aggressive setting is dynamic, and legacy and new gamers proceed to draw investments to the sector. This has necessitated a dialog with the board to contemplate further fundraising, which is able to give us entry to ample progress capital whereas enhancing our strategic flexibility,” it added.