India-based food-delivery and quick-commerce firm Swiggy Ltd has secured approval from its board to raise as much as ₹10,000 crore (about US$1.13 billion) through a public or private equity offering, including a qualified institutional placement (QIP) or other approved channels.
Swiggy Ltd has received board approval to raise up to ₹10,000 crore via equity issuance. The funding push aims to strengthen financials and fuel expansion of its food-delivery business and Instamart quick-commerce arm amidst widening losses and rising revenue.
The decision was taken on 7 November 2025 and allows the company to issue shares in one or more tranches, subject to shareholder ratification at an upcoming extraordinary general meeting.
The food-delivery major moves to bolster its balance sheet and support growth in its core and quick-commerce operations.
The fund-raise comes at a time when Swiggy is seeking to fortify its balance sheet and ramp up growth across its principal food-delivery business as well as its rapid-commerce vertical, Instamart. Recently the company reported a 74% year-on-year rise in losses (to ₹1,092 crore in Q2 FY26) on the back of increasing scale, even as operating revenue climbed 23% to ₹3,760 crore due to higher order frequency and demand in quick commerce.
In addition, the Bengaluru-based firm exited its investment in Rapido—garnering ₹2,399.5 crore and yielding over 2.5× return in less than four years.
Swiggy’s capital-raising move mirrors a broader trend of early-stage and new-age companies in India tapping capital markets to strengthen their financial footing and accelerate expansion plans.
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