Swiggy raises ₹10,000cr from big investors to fuel growth
Swiggy just bagged ₹10,000 crore through a Qualified Institutional Placement (QIP) between December 9 and 12, 2024.
Shares were priced at ₹375 each—slightly below the floor price—in line with SEBI regulations.
Over 80 applicants joined in, with shares finally going to 61 investors.
Who's backing Swiggy?
Top names like ICICI Prudential AMC, SBI Mutual Fund, and Aditya Birla Sun Life Mutual Fund led the pack, grabbing about 37% of the total issue (roughly ₹3,700 crore).
ICICI took the largest slice at 16%, followed by SBI at 15% and Aditya Birla at 6%, spread across multiple schemes.
Where's all that money going?
Most of these funds—₹4,475 crore—are set aside to boost Swiggy's quick commerce network (think faster deliveries).
Another ₹2,340 crore is for brand marketing and ₹985 crore for tech upgrades. The rest will go toward acquisitions and general business needs.
With this raise, Swiggy's cash pile now stands at around ₹15,000 crore.
By the numbers: Growth and challenges
Swiggy pulled in ₹5,561 crore revenue in Q2 FY26—a solid 54% jump from last year—but still posted a net loss of ₹1,092 crore.
With fresh funds in hand, Swiggy is aiming to double down on growth while working toward profitability.