Swiggy is set to raise ₹10,000 crore via QIP, following shareholder approval. The fundraise will help the company expand Instamart, invest in new business verticals, and strengthen its balance sheet amid rising competition in India’s quick-commerce sector.
Swiggy’s ₹10,000 crore Qualified Institutional Placement (QIP) offer is set to open on December 9, 2025. A day earlier, the food and quick-commerce giant’s shareholders approved the proposal for what would be one of the largest equity fundraises in India’s consumer internet space. In a regulatory filing on Monday, Swiggy confirmed that shareholders passed the resolution mentioned in the November 14, 2025 notice with the required majority. The company’s board of directors had approved the plan to raise ₹10,000 crore via QIP last month.
In a regulatory filing submitted on December 8, 2025, Swiggy stated that a special resolution was passed at its Extraordinary General Meeting (EGM). 76.40% of shareholders participated in the vote, with 99.47% voting in favor of the proposal. Recently, Swiggy also monetized its stake in Rapido, enhancing liquidity ahead of the institutional share sale.
Following the opening of the QIP, Swiggy’s stock was trading at ₹391.25, up 1.40%. Over the past year, the stock has fallen by 27%, while it has gained 7% in the last six months.
This marks Swiggy’s first equity fundraising since its November 2024 IPO, where the company raised around ₹4,500 crore at an issue price of ₹390 per share. By the September quarter, over 80% of the IPO proceeds had already been utilized, primarily to offset losses at Instamart and fund expansion.
The QIP is expected to provide Swiggy with significant capital, allowing it to reach global institutional investors. Under this proposal, the company has the right to issue equity shares worth more than ₹10,000 crore to eligible Qualified Institutional Buyers (QIBs). The proceeds from the share sale will fund food delivery, Instamart operations, and new business vertical expansions.
Bloomberg reported earlier this month that Swiggy shortlisted three banks to manage the share sale — Citigroup Inc., JP Morgan Chase & Co. India units, and Kotak Mahindra Capital Company.
The fundraise comes at a time of intense competition in the fast-growing quick-commerce market, which is expected to increase further in the coming quarters. Swiggy, Instamart, and competitors like Blinkit and Zepto are rapidly expanding to capture market share.
Blinkit recently raised ₹600 crore to expand operations, taking its total funds raised this year to ₹2,100 crore.
Zepto also secured $450 million in a recent funding round, highlighting the rising capital intensity in the quick-commerce sector.
The company indicated that the new capital will be used to:
Strengthen its balance sheet
Fund growth opportunities
Support investments on its platform
This QIP is seen as a strategic move to maintain competitiveness, fund expansion, and accelerate growth in India’s dynamic food delivery and quick-commerce market.