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News Topical, Digital Desk : Food and grocery delivery company Swiggy is set to raise a significant amount of money from the market soon. The company announced on Friday, November 7, that its board has approved raising up to ₹10,000 crore through a Qualified Institutional Placement (QIP). The company's announcement came after the stock market closed for the day. The stock closed down more than half a percent on Friday.
What information has the company given?
In the information sent to the stock exchange, the company said that the Board of Directors of the company in its meeting held on Friday, 7th November 2025 has approved raising of funds in one or more tranches through public or private means, QIP or any other approved route. Under this, a maximum amount of up to Rs 10,000 crore can be raised. Swiggy, which is currently running in loss, is spending heavily on building warehouses and adding new customers to increase its share in this fast-growing market. The company had said on 30th October that this fund raising plan will strengthen the company's cash reserves, which will help in expanding the business and taking new initiatives in quick commerce and food delivery.
How were the quarterly results? The company released its September quarter (Q2) results last week. The company's consolidated loss increased year-on-year to Rs 1,092 crore, compared to Rs 626 crore in the same quarter last year. However, the company's total earnings saw a tremendous jump. Swiggy's earnings increased from Rs 3,601 crore to Rs 5,561 crore in the September quarter, a year-on-year growth of approximately 54%. The company's loss increased at the EBITDA level. This loss increased from Rs 553 crore to Rs 798 crore.
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