Swiggy to Consider ₹10,000 Crore Fundraise on November 7

On October 31, 2025, Swiggy share fell over 1%, reaching a day low of ₹407.30 at 12:05 PM after opening at ₹426.00 on BSE. Swiggy shares continue to trade above their IPO price of ₹390, although it has declined 23% so far in 2025.

Food delivery major Swiggy announced on Thursday that it will hold a board meeting on November 7 to consider raising up to ₹10,000 crore through one or more funding routes. The proposed capital raise may include qualified institutional placement (QIP), public or private offerings, or other mechanisms permitted under applicable laws.

Swiggy said the fundraising, which could be executed in one or more tranches, will be subject to necessary regulatory and shareholder approvals, according to its filing with the BSE and NSE. The move underscores the company’s efforts to bolster its financial strength as it pursues expansion and diversification across multiple business verticals.

Strategic Expansion Beyond Food Delivery

Backed by SoftBank and Prosus, Swiggy has been actively expanding beyond its core food delivery operations. Its Instamart grocery delivery service has seen rapid growth, and the company is now focused on achieving profitability following its recent stock market listing. The fresh capital could further support Swiggy’s ambitions in quick commerce, an area where it faces fierce competition from Zomato and other emerging players.

Also Read: Swiggy Q2 FY26 Earnings Reports 48% Surge in Gross Order Value to ₹16,683 Crore

Swiggy Financial Performance: Revenue Up, Losses Widen

For the September quarter, Swiggy reported a net loss of ₹1,092 crore, up from ₹626 crore in the same quarter last year. Despite the widened loss, revenue climbed 54% year-on-year to ₹5,561 crore, compared to ₹3,601 crore a year earlier, reflecting strong growth in order volumes and platform expansion.

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