Swiggy has successfully raised ₹10,000 crore through a Qualified Institutional Placement (QIP), issuing 26.66 crore shares at ₹375 apiece, marking one of the largest capital raises by an Indian internet company this year. The issue price reflected a ~4% discount to the floor price of ₹390.51, in line with regulatory norms.
QIP Oversubscribed 4.5x
According to exchange data, the offering saw oversubscription of nearly 4.5 times, driven by strong participation from leading domestic and global institutions. Major Indian mutual funds—including SBI MF, ICICI Prudential, HDFC MF and Kotak MF—were among the biggest subscribers, signalling deep institutional confidence in Swiggy’s long-term strategy across food delivery and quick commerce.
Capital to Accelerate Instamart and Technology Push
Swiggy plans to deploy the proceeds to expand Instamart’s fulfilment network, build next-gen supply chain capabilities, strengthen its cloud and AI infrastructure, and widen last-mile delivery capacity. The company is expected to double down on dark-store expansion and deepen penetration in tier-II and tier-III markets as competition intensifies with Blinkit, Zepto and Flipkart Minutes.
Focus on Profitability and Market Leadership
The fundraise comes at a pivotal moment as Swiggy aims to sharpen its path to profitability while defending market share across its core businesses. The additional capital provides a stronger balance sheet ahead of potential public-market plans and positions the company to scale aggressively in the fast-growing quick commerce segment.
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