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Swiggy board approves ₹10,000 crore fund raise via QIPSwiggy’s board has approved plans to raise up to ₹10,000 crore through a qualified institutional placement to fund growth and new ventures.By Sheersh Kapoor    | Meghna Sen   November 7, 2025, 5:20:15 PM IST (Updated)2 Min ReadFood and grocery delivery platform Swiggy Ltd on Friday, November 7, said its board has approved raising up to ₹10,000 crore through a qualified institutional placement (QIP), as the company looks to strengthen its balance sheet and fuel expansion in the quick commerce and food delivery segments.

In a stock exchange filing, the company said, “The Board of Directors of Swiggy Limited at its meeting held today has inter alia considered and approved the raising of funds by way of public or private offerings, including one or more tranches, by way of qualified institutions placement or any other permitted modes… for an aggregate amount of up to ₹10,000 crore.”

The proposed fundraising comes as Swiggy — which competes with Zomato’s quick commerce arm Blinkit and start-up Zepto — seeks to maintain growth momentum in one of India’s most competitive consumer-tech sectors. The company has slowed the pace of warehouse expansion to improve margins and optimise costs, even as it continues to invest in new business experiments.

In a statement last month, Swiggy had noted, “The external competitive environment is dynamic, and legacy and new players continue to attract investments to the sector. This has necessitated a conversation with the board to consider an additional fund raise which will give us access to sufficient growth capital while enhancing our strategic flexibility.”

In September 2025, Swiggy sold its entire stake in ride-hailing platform Rapido for about ₹2,400 crore, a move that further strengthened its cash reserves.

Swiggy reported a net loss of ₹1,092 crore for the September quarter, compared with a loss of ₹626 crore in the same period last year. Revenue rose 54% year-on-year to ₹5,561 crore, from ₹3,601 crore a year earlier.

EBITDA loss widened to ₹798 crore, from ₹554 crore in the corresponding quarter last year.

Swiggy's Food Delivery business reported revenue of ₹1,923 crore, up from ₹1,577 crore a year ago, while Quick Commerce revenue jumped to ₹980 crore, from ₹490 crore year-on-year.

Swiggy's cash on books stood at ₹4,605 crore, compared with ₹5,354 crore in the previous quarter. With the Rapido stake sale worth ₹2,400 crore, total cash is expected to rise to around ₹7,000 crore.

Eternal's cash balance at the end of Q2 stood at ₹18,314 crore.

On Thursday, Swiggy shares ended 1.84% lower at ₹405.75, though they remained above the IPO price of ₹390. The stock is down 25% so far this year.Continue ReadingFirst Published: Nov 7, 2025 8:03 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsFundraiseQIPshare market todayswiggy