Bengaluru, India : Food-delivery giant Swiggy has launched a massive ₹10,000 crore Qualified Institutional Placement (QIP), India’s largest this quarter, as it seeks to strengthen its position in the ongoing food delivery and quick-commerce wars. The fundraising, initiated on December 10, sets a floor price of ₹390.51 per share and aims to fuel Swiggy’s aggressive expansion strategy across new markets and technologies.
The funds will power:
Instamart’s national quick-commerce scale-up
Entry into tier-2 and tier-3 cities
Expansion of AI-driven logistics and route optimization
Pilot projects, including drone-based deliveries in Bengaluru
The move directly intensifies competition with Zomato, whose quick-commerce arm Blinkit currently holds 55% market share.
Swiggy Targets FY26 Growth Surge
CEO Sriharsha Majety described the QIP as a “growth accelerator,” forecasting a 25% revenue jump to ₹15,000 crore in FY26. Swiggy currently boasts:
1.5 crore monthly transacting users
Partnerships with 5 lakh restaurants nationwide
Despite macroeconomic headwinds—particularly 7% inflation—the QIP is drawing significant interest from major institutional investors, including Temasek Holdings. Swiggy aims to cut its losses by 40%, supported by automation, faster deliveries, and deeper penetration in non-metro markets.
Fintech Resilience After IPO Buzz
The QIP is trending nationwide under #SwiggyIPO, signaling renewed investor confidence in India’s consumer-tech sector after market volatility earlier this year. The company’s $12 billion valuation places it among India’s most valuable tech unicorns.
Key Facts
QIP size: ₹10,000 crore
Floor price: ₹390.51 per share
Offer size: 25.6 million shares
Closes: December 12, 2025
FY26 revenue target: ₹15,000 crore
Delivery target: 30-minute nationwide coverage
Valuation: $12 billion
With India’s food-delivery market expanding rapidly, Swiggy’s capital infusion marks a decisive push toward dominance in the next phase of the country’s digital commerce ecosystem.
