Indian delivery platform Swiggy approves up to 100 billion rupees fundraise via QIP

Reuters

Fri, November 7, 2025 astatine 4:43 AM CST 1 min read

(Reuters) -Indian nutrient and market transportation steadfast Swiggy connected Friday ​said its committee approved plans to rise ‌up to 100 cardinal rupees($1.14 billion) ‌via qualified organization placement (QIP) arsenic it seeks to enactment up superior for growth.

Companies usage the QIP way to rise funds from ⁠large institutions specified ‌as communal funds.

Loss-making Swiggy and its speedy commerce rivals, Eternal's ‍Blinkit and start-up Zepto, person been spending heavy connected warehouses and lawsuit acquisition arsenic they ​seek to rise marketplace stock successful 1 ‌of India's fastest-growing industries.

The institution had said connected October 30 that the fundraise would bolster currency reserves, helping thrust maturation arsenic good arsenic money "new experiments" successful ⁠quick commerce and nutrient ​delivery.

In September, Swiggy sold ​its full involvement successful ride-hailing level Rapido for astir $270 million, ‍further strengthening its ⁠balance sheet. It has besides slowed down the gait of warehouse enlargement to ⁠improve margins.

($1 = 87.8950 Indian rupees)

(‌Reporting by Ananta Agarwal successful Bengaluru; ‌Editing by Janane Venkatraman)