Swiggy Plans to Raise ₹10,000 Crore Through QIP Next Week: Report

As per Bloomberg, Swiggy Ltd., a leading player in India's food delivery market, is gearing up for a significant financial move. The company plans to raise ₹10,000 crore through a share sale, targeting institutional investors as early as next week. 

Swiggy's Strategic Fundraising Initiative 

Swiggy's board has approved a plan to raise up to ₹10,000 crore via a qualified institutional placement (QIP), pending shareholder and regulatory approvals. This move is part of Swiggy's strategy to bolster its resources amidst the rapidly growing demand in India's instant-commerce sector. 

The company has engaged the Indian units of Citigroup Inc., JPMorgan Chase & Co., and Kotak Mahindra Capital Co. to manage the share sale.  

As per Bloomberg, this strategic fundraising is crucial as Swiggy faces intense competition from giants like Amazon and Flipkart, which are expanding their networks to deliver a wide range of products swiftly. 

Swiggy’s Journey Since Listing  

Swiggy's previous initial public offering (IPO) in November last year was a notable success, raising $1.3 billion. Despite the IPO being oversubscribed more than 3 times, Swiggy's shares have seen a decline of about 30% this year.  

Read More: Swiggy and Zepto Seek Major Market Funding as Competition in Quick Commerce Intensifies! 

Fundraising by Food Delivery and Quick Commence Companies 

Swiggy's fundraising efforts are set against a backdrop of fierce competition. Eternal Ltd., Swiggy's rival, formerly known as Zomato, raised ₹85 billion last year through a similar qualified institutional placement.  

Meanwhile, Zepto is also preparing for an IPO, aiming to raise $450 million to $500 million next year, as per The Economic Times. 

Swiggy Share Price Performance 

As of December 2, 2025, at 2:19 PM, Swiggy share price on NSE was trading at ₹398 up by 2.41% from the previous closing price. 

Conclusion 

Swiggy's upcoming share sale is a strategic move to secure a stronger foothold in the competitive instant-commerce sector. As the company navigates market challenges and opportunities, this fundraising initiative is poised to play a key role in its growth trajectory. 

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