Last month, the board of the company approved raising upto Rs 100 billion through a qualified institutional placement
Swiggy, a major player in the food delivery segment, is gearing up to raise as much as Rs 10,000 crore from institutional investors as early as next week, as per media reports. The company has shortlisted three banks to handle the share sale.
The reports noted that Swiggy has shortlisted the Indian units of Citigroup Inc and JPMorgan Chase & Co, and Kotal Mahindra Capital Co. Earlier, the board of the company approved raising upto Rs 100 billion through a qualified institutional placement.
“The board of directors of Swiggy has inter-alia, considered and approved the raising of funds by way of public or private offerings including, through one or more tranches, by way of qualified institutions placement or any other permitted modes under applicable laws of equity shares or through any other permissible mode to the eligible investors as may be permitted, for an aggregate amount of up to Rs 10,000 crore,” the company stated in a regulatory filing on 7 November 2025.
The regulatory filing further added that the fund raise is subject to the receipt of necessary approvals including approval of the shareholders of the company and other regulatory or statutory approvals. The company is also holding an extraordinary general meeting (EGM) on Monday, 8 December 2025 at 3 PM.
Swiggy’s consolidated loss for the September quarter narrowed sequentially, aided by robust growth in its quick-commerce business, Instamart, even as higher expenses continued to weigh on profitability. The Bengaluru-based food and grocery delivery company reported a consolidated net loss of Rs 10.92 billion (USD 124.2 million) for the quarter ended 30 September, compared with Rs 11.97 billion in the preceding three months.
