Swiggy’s ₹10,000 Crore Fundraising Plan

The massive Indian food delivery company Swiggy Ltd. intends to sell shares through a qualified institutional placement (QIP) as early as next week in order to fund up to ₹10,000 crore, or roughly $1.1 billion. On November 7, 2025, Swiggy's board accepted this move, which is pending regulatory and shareholder clearance. The company has picked three large banks — the Indian arms of Citigroup Inc., JPMorgan Chase & Co., and Kotak Mahindra Capital Co. — to conduct the share sale. In the face of intense competition in the quick-commerce and meal delivery industries, the money collected from this sale is anticipated to strengthen Swiggy's financial position. Despite a considerable increase in revenue, Swiggy has increased its net loss, emphasizing the need for fresh financing to maintain its growth and long-term resilience. Depending on clearances and market conditions, the deal's exact date and size may yet change. ​