Food delivery and quick-commerce giant Swiggy has obtained shareholder approval to raise up to ₹10,000 crore through a qualified institutional placement (QIP), marking one of the largest equity issuances this year in India’s consumer internet sector.
In a regulatory filing dated December 8, the company reported that shareholders approved the special resolution during an extraordinary general meeting, with a participation rate of 76.40 percent and 99.47 percent of the votes in favor of the fundraising initiative.
Subsequently, the QIP issue was opened on Tuesday, with the board setting the floor price at ₹390.51 per share.
Investment Opportunities
This proposed capital increase provides Swiggy significant flexibility to invest in its food delivery, Instamart, and other emerging business areas as competition intensifies in the quick-commerce sector. The resolution grants the company authority to issue equity shares to qualified institutional buyers for an amount not exceeding ₹10,000 crore.
As of the end of the September quarter, Swiggy reported a cash reserve of ₹4,605 crore. The company also anticipates generating approximately ₹2,400 crore from the sale of a 12 percent stake in mobility startup Rapido, increasing its available liquidity to over ₹7,000 crore prior to the addition of QIP proceeds. The divestiture of the Rapido stake is part of Swiggy’s strategy to strengthen its balance sheet before the institutional placement.
Support for Growth
The newly acquired capital is intended to fuel growth opportunities and fund investments across Swiggy’s core and new verticals, providing a buffer in a market characterized by escalating competition. Competitors like Instamart, Blinkit, and Zepto are aggressively expanding as the sector scales, with further investments anticipated in the upcoming quarters.
Investor interest and final pricing are expected to be closely monitored, particularly as quick-commerce platforms vie for capital and market share in a renewed funding race within the sector.
Published on December 9, 2025.
