Swiggy plans ₹10,000 crore QIP to boost cash reserves

Business Nov 10, 2025

Swiggy is gearing up to raise ₹10,000 crore through a Qualified Institutional Placement (QIP), aiming to boost its cash reserves and fund strategic reserves and innovation capital.
The move still needs the green light from shareholders and regulators.

Fundraise backed by major financial institutions

Big names like JP Morgan, Kotak Mahindra Capital, and Citi are helping Swiggy with this fundraise.
In Q2 FY26, Swiggy's revenue jumped 54% to ₹5,561 crore compared to last year, but losses also grew by 74% to ₹1,092 crore.

Swiggy's revenue and order value growth

Its Instamart quick commerce business saw a huge 108% jump in gross order value to ₹7,000 crore last quarter.
As part of its strategy, Swiggy also plans to sell its 12% stake in Rapido for ₹2,399 crore.