Swiggy Gets Shareholders’ Approval To Raise Rs 10,000 Cr Via QIP
This will mark the company’s first capital raise since its initial public offering (IPO) in November 2024
This will mark the company’s first capital raise since its initial public offering (IPO) in November 2024
The IPO will open on 8 December 2025 and will also include a large offer for sale (OFS) component
The round was led by VC Grid and Rainmatter by Nithin Kamath, and investments will be directed towards product innovation, technology-led supply chain efficiencies
The net proceeds from the Issue are proposed to be utilised towards funding the company’s strategic growth initiatives
This will help the company to create an artificial intelligence-native platform where hardware and software converge into a single intelligent system
The company is targeting the rollout of 70 to 90 Origem Stores in 18 to 24 Months across India
The issue price is Rs 382 per security, and 44 investors are participating in this issue, including promoters and existing prominent shareholders
Reports state that Lenskart will file its Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) in the coming days
The company says that the reports rely on an MGT-14 filing with the Ministry of Corporate Affairs (MCA), a standard regulatory form that allows them to offer shares to potential investors
The company is also expanding its physical footprint with upcoming flagship stores in four additional cities, including Gurugram and Mumbai