Swiggy board approves Rs 10,000 Cr fundraise

Swiggy Limited, the food delivery and quick commerce company, has received board approval to raise up to Rs 10,000 crore ($1.13 billion) through a public or private offering, including a qualified institutional placement (QIP) or other permissible routes.

The company’s board approved the proposal on November 7, 2025, according to a regulatory filing. Swiggy plans to issue equity shares in one or more tranches to eligible investors, subject to shareholder approval at an upcoming extraordinary general meeting.

The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. The move also aligns with the broader trend of listed new-age firms tapping capital markets to bolster their financial position and expansion plans.

Recently, Swiggy reported that its losses widened 74% year-on-year to Rs 1,092 crore in Q2 FY26, while Instamart’s revenue doubled during the same period. The company’s operating revenue surged 23% to Rs 3,760 crore in the quarter, driven by higher order frequency and quick-commerce traction.

Meanwhile, the Bengaluru-based company also exited Rapido, securing Rs 2,399.5 crore and yielding over a 2.5X return on its investment made less than four years ago.

Swiggy’s proposed capital raise follows rival Zomato’s Rs 8,500 crore QIP in late last year, to strengthen its balance sheet and support its food delivery and quick-commerce verticals.