Swiggy Opens ₹10,000 Cr QIP Fundraise; Shares Climb 2.45%

• Swiggy launched a Rs 10,000 crore fundraise via Qualified Institutional Placement (QIP) on December 9, following shareholder approval.
• Swiggy's stock gained 2.45% intraday to Rs 395 apiece after the fundraise announcement.
• A QIP is a fundraising method for listed companies to quickly raise capital from institutional buyers with fewer regulatory hurdles.
• For Q2 FY25, Swiggy reported a 74.4% YoY increase in net loss to Rs 1,092 crore.
• Swiggy's revenue from operations for Q2 FY25 jumped 54.4% YoY to Rs 5,561 crore, despite a 56% rise in total expenses.

Why It Matters: Swiggy's fundraise impacts its financial stability and market position.