Swiggy's Rs 10,000 Cr QIP 4x oversubscribed by SBI MF, Temasek, GIC.

• Swiggy's Rs 10,000 crore ($1.2 billion) Qualified Institutional Placement (QIP) received over 4X demand.
• Top investors include SBI MF, ICICI Prudential MF, HDFC MF, Kotak Mahindra MF, Temasek, GIC, and Nomura.
• Approximately $1 billion will come from domestic MFs, with $200 million from foreign institutional investors.
• Nearly half of the QIP proceeds (Rs 4,475 crore) are earmarked for expanding Swiggy Instamart's quick-commerce network.
• Funds will also be used for technology (Rs 985 crore), brand marketing (Rs 2,340 crore), and potential inorganic growth.

Why It Matters: Swiggy's massive funding fuels quick commerce expansion, impacting delivery services.