Swiggy Shares: Food and grocery delivery company Swiggy has raised ₹10,000 crore (about $1.2 billion) through Qualified Institutional Placement (QIP). The company said in an information sent to the stock exchanges that 21 mutual funds, eight domestic insurance companies and about 50 global investors participated in this issue. After this fundraising, Swiggy’s total cash balance has now increased to more than ₹14,000 crore.
Earlier on December 10, Moneycontrol was the first to report that Swiggy’s QIP had received tremendous demand from investors. On behalf of mutual funds, big names like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, Mirae Asset, Axis Mutual Fund and Aditya Birla Mutual Fund invested. Among insurance companies, ICICI Prudential Life Insurance and HDFC Life Insurance were among the major investors.
Talking about global investors, leading institutions like Capital Group, Singapore government investment fund GIC, BlackRock, Nomura Asset Management Company, TeamSec, Fidelity and Goldman Sachs Asset Management participated in Swiggy’s QIP. According to the company, a total of more than 80 investors had bid, out of which 61 got allotment and these include more than 15 new shareholders.
Sriharsha Majeti, Managing Director and Group CEO, Swiggy, said the strong response from global and domestic institutional investors reflects the deep confidence in the company’s business fundamentals, disciplined execution and long-term value creation roadmap. He said this additional capital will give the company the flexibility to strengthen its core business, scale Instamart and invest in innovations while maintaining financial discipline.
The largest portion of the amount raised from QIP, around ₹4,475 crore, will be used by Swiggy to expand and operate its quick-commerce network. This includes dark stores and warehouses supporting Instamart. The company said that by November 30, 2025, its fulfillment footprint is about 50 lakh square feet, which it plans to increase to about 67 lakh square feet by December 2028.
Additionally, Swiggy has set aside ₹985 crore for technology and cloud infrastructure. The company revealed that its existing cloud services agreement expires in February 2026 and it has signed a non-binding letter of intent for a proposed cloud commitment of approximately ₹1,820 crore for 6 years. This indicates huge expenditure on technology in the coming years.
Swiggy has made a provision of ₹2,340 crore for brand marketing and business promotion. The company said that it has already issued purchase orders worth ₹1,961 crore to marketing agencies for the period December 2025 to November 2027, which makes it clear that heavy investment on customer acquisition and brand building will continue for the next two years.
Of the total QIP amount of $1.2 billion, about $1 billion i.e. about ₹8,800 crore has come from domestic mutual funds, while the remaining about $200 million has come from foreign institutional investors (FIIs).
After this fundraising, Swiggy’s cash balance has reached above ₹14,000 crore, which is close to Eternal’s cash balance of ₹18,314 crore at the end of the September quarter. Whereas quick-commerce startup Zepto recently said that it has a cash balance of about ₹7,900 crore.
Also read- Stocks to Watch: Keep an eye on these 7 stocks on Monday, December 15, you may get a chance to earn.
Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. Moneycontrol advises users to consult certified experts before taking any investment decision.