Swiggy, the Bengaluru-based food delivery and quick commerce company, is planning a major financial boost with a Rs 10,000 crore fundraise. The company’s board is scheduled to meet on November 7, 2025, to consider raising capital through a Qualified Institutional Placement (QIP) or other permitted methods, aiming to strengthen its financial position amid fierce market competition. This move comes at a time when rivals like Blinkit and Zepto are expanding aggressively, prompting Swiggy to intensify its growth strategy.

The planned fund infusion is part of Swiggy’s broader strategic plan to transition Instamart, its quick-commerce arm, to an inventory-led model. This shift is contingent on crossing a “majority threshold” for domestic shareholding, a regulatory requirement under India’s Foreign Direct Investment (FDI) rules, which currently restrict foreign-funded marketplaces from owning inventory. Since its IPO, Swiggy’s domestic shareholding has surged past 43%, more than doubling its post-IPO level, paving the way for potential changes in its business model in the medium term.

Despite incurring a widening net loss of Rs 1,092 crore in Q2 FY26, up from Rs 626 crore in the previous year, Swiggy reports a healthy revenue growth of 54.4% year-on-year, reaching Rs 5,561 crore. The company’s quick-commerce segment, Instamart, demonstrated strong performance with an 108% YoY growth in Gross Order Value (GOV) to Rs 7,022 crore, and added 40 dark stores to reach a total of 1,102 stores across 128 cities. The company aims to turn this rapidly expanding segment profitable by the June 2026 quarter.

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The anticipated Rs 10,000 crore fundraise, if approved, would be one of the largest by an Indian internet company in 2025, giving Swiggy a strategic edge to navigate a highly competitive and capital-intensive market. The additional capital aims to support growth investments, technology enhancements, customer acquisition, and logistics expansion—helping Swiggy maintain its market share and push toward profitability. With the company already well-funded for its current growth plans, this move underscores its confidence in capturing further market share while balancing profitability and expansion.

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