Swiggy is gearing up to raise up to ₹10,000 crore through a Qualified Institutional Placement (QIP) as early as next week, Bloomberg reported. The move comes as the food delivery and quick-commerce major looks to strengthen its balance sheet and double down on growth at a time when competition in India’s rapid delivery sector is intensifying.
The company has reportedly shortlisted Citigroup India, JPMorgan India and Kotak Mahindra Capital as book-running managers for the planned share sale.
Swiggy’s board first approved a fundraising plan in November 2025, allowing the company to raise capital via QIP or other eligible instruments, subject to shareholder and regulatory clearances.
Swiggy’s QIP signals a strategic step to secure liquidity for scaling dark stores, strengthening logistics, and driving deeper geographical penetration.
If executed next week, this will be one of the largest institutional raises by a listed tech player in the post-IPO phase and a key marker of how aggressively India’s consumer internet majors are preparing for the next phase of growth.
