Swiggy, India’s leading food and grocery delivery platform, has kicked off a ₹10,000 crore Qualified Institutional Placement (QIP) to raise funds from institutional investors. The floor price for the shares is set at ₹390.51, and reports indicate that investor demand is already strong, with the subscription book fully covered.
The company is offering 269.5 million new shares, roughly 10.8% of its pre‑issue equity base. This is Swiggy’s first major capital-raising effort since its IPO in November 2024, which raised around ₹11,327 crore. Analysts say the fresh capital gives the company the firepower to scale operations and strengthen its foothold in India’s competitive food-tech market.
Swiggy plans to channel the funds into expanding its delivery network, upgrading technology systems, and boosting its quick-commerce services, including groceries and essentials. The company has already been investing in warehouses and dark stores nationwide to ensure faster, more reliable deliveries. The QIP also gives Swiggy financial flexibility for strategic initiatives, including potential acquisitions.
The strong response from domestic and international institutional investors signals confidence in Swiggy’s growth strategy. Industry experts see the move as a vote of trust in the company’s ability to capture a larger share of India’s booming online food and grocery delivery market.
Facing competition from rivals like Zomato and Dunzo, Swiggy’s diversified services and quick-commerce focus provide a clear edge. With this infusion, the company aims to improve efficiency, expand coverage, and innovate further in the digital delivery space.
This QIP marks a key milestone, reinforcing Swiggy’s position as a market leader and preparing it to meet the rising demand for online food and grocery deliveries across India.