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Swiggy Plans ₹10,000 Crore QIP Ahead of IPO
Swiggy’s board approves a ₹10,000 crore QIP ahead of its IPO, with a 54% revenue growth in Q2 FY26 and reduced net loss.
Swiggy's board has approved a qualified institutional placement (QIP) to raise up to ₹10,000 crore, a key step ahead of its public listing plans. For the quarter ended September 2025, Swiggy narrowed its net loss to ₹1,092 crore from ₹1,197 crore sequentially. The company reported a 54% year-on-year growth in revenue from operations, which reached ₹5,561 crore, signaling strong performance ahead of its IPO.