Archive · 10 Dec 2025
Swiggy raises Rs 10,000 crore via QIP
Swiggy, a popular food delivery company, raised a lot of money (Rs 10,000 crore) by selling shares to big investors.
They sold the shares for Rs 375 each, which was a bit less than the minimum price they set.
Many investors wanted to buy these shares, so the sale was very successful.
The money will help Swiggy improve its quick delivery services, upgrade its technology, and advertise more.
Swiggy is also competing with other companies like Zomato and Blinkit, and this money will help them stay competitive.
Despite spending a lot of money on these services, investors are still confident in Swiggy's future.
Swiggy raised Rs 10,000 crore via a QIP at Rs 375 per share, a 4% discount to the floor price of Rs 390.51.
The QIP was oversubscribed 4.5 times, indicating strong investor interest.
Proceeds will be used for quick commerce expansion, technology upgrades, brand marketing, and potential acquisitions.
Swiggy's cash burn for Q2FY26 was Rs 740 crore, higher than Zomato's Rs 543 crore.
With the QIP and potential divestment proceeds, Swiggy's cash reserves are expected to reach around Rs 17,000 crore.
- Who
- Swiggy, an e-commerce platform
- What
- Raised Rs 10,000 crore via a Qualified Institutional Placement (QIP)
- When
- The QIP was launched on Tuesday and completed on Wednesday
- Where
- India
- Why
- To scale up quick commerce, invest in technology, and boost brand marketing
Investor Confidence
Market Competition
Investor Appetite
Investor Confidence
Strong investor interest led to the QIP being oversubscribed 4.5 times, indicating confidence in Swiggy's growth prospects.
Market Competition
Despite the oversubscription, the issue price was at a discount, reflecting concerns about the competitive landscape and cash burn rates.
Cash Reserves
Investor Confidence
The QIP and potential divestment proceeds will significantly boost Swiggy's cash reserves, enhancing its competitive position.
Market Competition
Intensifying competition and high cash burn rates pose challenges, as seen with Swiggy's higher burn rate compared to Zomato.
- QIP Amount
- Rs 10,000 crore
- Issue Price
- Rs 375 per share
- Floor Price
- Rs 390.51 per share
- Discount
- Nearly 4% to the floor price
- Oversubscription
- 4.5 times
- Quick Commerce Investment
- Rs 4,475 crore
- Technology and Cloud Infrastructure
- Allocated from remaining corpus
- Brand Marketing
- Allocated from remaining corpus
- Potential Acquisitions
- Allocated from remaining corpus
- Cash Burn (Q2FY26)
- Rs 740 crore
- Expected Cash Reserves
- Around Rs 17,000 crore
- Zomato's Cash Reserves
- Rs 18,000 crore as of September 30
- Zepto's Cash Reserves
- Rs 7,000 crore
Sources
Swiggy launches Rs 10,000 crore QIP at Rs 390.51 floor price; aims to boost quick commerce and brand expansion
Swiggy's $1.3 bn QIP draws interest from top domestic mutual funds and global backers
Swiggy’s Rs 10,000-crore QIP oversubscribed 4.5 times at issue price of Rs 375
