Swiggy's QIP: Rs 4,475 Cr to fuel quick commerce expansion

• Swiggy will allocate nearly half of its Rs 10,000 crore QIP proceeds (Rs 4,475 crore) to expand its quick-commerce infrastructure, including dark stores and warehouses.
• The company plans to grow its quick-commerce fulfilment footprint from 5 million to 6.7 million square feet by December 2028.
• Additional QIP funds are earmarked for technology and cloud infrastructure (Rs 985 crore) and brand marketing/business promotion (Rs 2,340 crore).
• Up to 25% of the QIP proceeds may be used for inorganic growth and general corporate purposes.
• The QIP is a strategic move amidst intense competition in India's quick-commerce sector, with identified risks including scaling dark stores and reliance on cloud services.

Why It Matters: Swiggy's QIP is a defining bet on the future of quick commerce in India.