Swiggy Plans ₹10,000 Crore Fundraise to Drive Growth

Swiggy,​‍​‌‍​‍‌​‍​‌‍​‍‌ a platform for food delivery and quick commerce that runs Instamart, has made public that its Board will meet on the 7th of November to take into account and give the approval to a proposal for raising 10,000 crores through a Qualified Institutional Placement (QIP) in rupees approximately.

The organisation stated that the measure is intended to strengthen its financial position and to ensure that it will have enough capital for growth during the coming quarters despite the fact that the environment is quite dynamic and competitive.

Swiggy also stated that numerous established as well as emerging players in the market continue to attract significant investment, which is the main reason for the company to enhance its strategic flexibility.

Also Read: Patanjali Foods to Invest Up to ₹1,000 Crore in Expansion

"We keep being very strong in terms of our overall financial situation and well-funded for the implementation of our growth plans thanks to the current cash position which is, among other things, further improved by the Rapido divestment of INR 2,400 crore," the corporate wrote in a letter to its shareholders. "The Board meeting to resolve this issue has been the result of the ongoing competitive environment which has made us consider raising additional funds," it added.

Besides that, Swiggy has announced the increase of its consolidated net loss to 1,092 crores for the second quarter ended September 2025, as compared to 626 crores for the same period last year.

The infusion of capital is expected to primarily fuel Swiggy's growth plans in the quick commerce and food delivery verticals, where the company is eager to expand. Consequently, long-term growth and profitability objectives will be facilitated further.