Swiggy Raises ₹10,000 Cr via QIP; Funds for Instamart, Tech, Marketing

• Swiggy successfully raised ₹10,000 crore (approx. $1.2 billion) through a Qualified Institutions Placement (QIP).
• The QIP attracted 21 mutual funds, 8 domestic insurance companies, and around 50 global investors, with 61 institutions receiving allotments.
• A major portion, ₹4475 crore, is earmarked for Swiggy's quick commerce business, Instamart, to expand dark stores and warehouse networks.
• Funds are also allocated for technology and cloud infrastructure (₹985 crore) and brand marketing and business promotion (₹2340 crore).
• This funding will increase Swiggy's cash balance to over ₹14,000 crore, strengthening its market position.

Why It Matters: Swiggy's ₹10,000 crore QIP fuels quick commerce growth and market leadership.