Swiggy shares rally 3.5% as shareholders clear ₹10,000 crore fundraise via QIP; check details

A total of 967 members participated in the voting process, casting 189.62 crore valid votes. Of these, remote e-voting accounted for 948 members and 185.55 crore votes, representing 97.34% of the total valid votes. E-voting conducted during the EGM saw participation from 19 members, contributing 4.07 crore votes, or 2.13% of the total.

Overall, 99.48% of the valid votes were cast in relation to the ₹10,000-crore proposal, approving the QIP for Swiggy. The company has set floor price for the issue at ₹390.51 per share.

“Approval to raise capital by way of Qualified Institutions Placement to eligible investors through an issuance of equity shares for an amount not exceeding ₹ 10,000 crores,” Swiggy had said in a regulatory filing.

This will be the first fundraising for the quick commerce firm after its listing since November 2024.

In November, Swiggy had said it aims to strengthen its growth capital through the QIP amid an increasingly competitive market environment. The company noted that external conditions remain highly dynamic and challenging, prompting its board to consider raising additional funds.

Further, as per reports, the quick commerce firm clarified that the QIP proceeds will be used to strengthen its balance sheet, support growth initiatives, and fund investments across its broader ecosystem.

Swiggy share price

At 1:05 PM, Swiggy shares were trading 2.41% higher at ₹395.20 apiece on the National Stock Exchange.

The stock has gained over 2% in the past month and climbed more than 8% over the last six months. However, on a year-to-date basis, Swiggy shares remain down 27%.

The company’s market capitalisation stands at ₹98,573.86 crore.

The stock touched its 52-week high of ₹617.30 apiece on the NSE on December 23, 2024, and it hit its 52-week low of ₹297 per share on May 13, 2025.

Swiggy's Q2 FY26 earnings

The food and grocery delivery major’s net loss had widened 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).

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.