Swiggy board nods for fundraising of up to ₹10,000 crore via QIP; all you need to know

The company added that the fundraising will be subject to necessary approvals, including those from shareholders and relevant regulatory authorities.

“…considered and approved the raising of funds by way of public or private offerings, including through one or more tranches, by way of qualified institutions placement or any other permitted modes…for an aggregate amount of up to ₹ 10,000 crores, subject to the receipt of necessary approvals, including approval of the shareholders of the Company and other regulatory/statutory approvals, as may be required, in this regard,” Swiggy said in a regulatory filing.

Swiggy, which operates food delivery and quick commerce businesses, recently noted that the external environment remains highly competitive and dynamic. In light of this, the company’s board decided to consider raising additional funds.

Swiggy's Q2 FY26 earnings

Last week, on October 30, the food and grocery delivery major posted its September quarter results for the 2025-26 financial year (Q2FY26).

Its net loss widened by 74.44% year-on-year (YoY) to ₹1,092 crore during the quarter under review, compared to ₹626 crore in the second quarter of the 2024-25 fiscal year (Q2FY25), it said in a regulatory filing.

The company, however, witnessed a 54.43% YoY increase in its revenue from operations to ₹5,561 crore in Q2 of FY26, as against ₹3,601 crore in the corresponding quarter of the previous fiscal year.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation) reported a loss of ₹798 crore during the quarter, compared to ₹554 crore in the September quarter of FY25.

Swiggy’s food delivery business’ gross order value (GOV) continues to grow in line with guidance at a healthy 18.8% YoY, to ₹8,542 crore, despite volatile macro-consumption trends and higher-than-usual rainfall. The growth was driven by competitive action and the scope expansion of subscription programmes.

The company’s quick-commerce business’ GOV stood at ₹7,022 crore, showcasing an accelerated 107.6% YoY growth. The segment added 40 dark stores to reach 1,102 stores across 128 cities, it said.

The quick commerce segment’s average order value surged by approximately 40% YoY to ₹697 crore, led by continued expansion of non-grocery selection and larger-basket buying behaviour across user cohorts.

On Friday, Swiggy shares closed at ₹402 apiece on NSE, falling 0.48%.