Swiggy to raise ₹10Kcr through QIP; here's what it means

Business Dec 09, 2025

Swiggy is set to raise up to ₹10,000 crore through a qualified institutional placement (QIP), marking its first big fundraising since the 2024 IPO.
With competition heating up from Blinkit and Zepto, this move aims to give Swiggy more financial muscle in both food delivery and quick commerce.

Where the money's going

Swiggy's spending has jumped—its cash burn hit ₹740 crore last quarter, outpacing Blinkit.
The fresh funds from QIP, plus an extra ₹2,400 crore from selling its Rapido stake, will go toward ramping up expansion and keeping Swiggy ahead in the race.

What this means for Swiggy's future

Raising this much will dilute existing shares by over 10%, but it's all about fueling growth and staying competitive long-term in India's fast-changing delivery scene.