Swiggy Upcoming IPO: Company to Raise ₹10,000 Crore to Boost Growth and Expansion :
Swiggy upcoming IPO has caught investors’ attention across India. The Bengaluru-based food delivery startup recently received board approval to raise ₹10,000 crore through public or private offerings, including a Qualified Institutional Placement (QIP). This move is seen as a major step toward Swiggy’s long-anticipated IPO and its plan to strengthen financial growth in the competitive food delivery and quick commerce sector. Market experts believe Swiggy’s fundraising decision could impact its valuation and stock performance in the coming weeks.
Swiggy Plans Multi-Phase ₹10,000 Crore Fundraising Amid Growing Market Competition:
Swiggy said that the fundraising will take place in one or more rounds through public or private offerings, after getting necessary approvals from shareholders and regulatory authorities.
The company’s decision comes at a time when competition in both food delivery and quick commerce sectors is growing rapidly. Recently, rival Zepto raised $450 million (around ₹4,000 crore) at a $7 billion valuation, strengthening its market position in the quick commerce segment.
In its exchange filing, Swiggy mentioned that the board has approved raising up to ₹10,000 crore through public or private offerings — including Qualified Institutional Placement (QIP) or any other approved method under applicable laws.
Swiggy also stated that it remains confident about its financial stability, and after selling its stake in Rapido, the company now holds a cash balance of ₹2,400 crore.
Swiggy ₹10,000 Crore Fund Raise News: Nomura Maintains Buy Rating and Ups Target to ₹560
The latest Swiggy upcoming IPO comes as global brokerage firm Nomura maintains a positive outlook on the company. Nomura has kept its ‘Buy’ rating on Swiggy and raised its target price to ₹560, indicating a potential 39% upside from the current market level.
Despite reporting higher losses in the recent quarter, Swiggy continues to perform strongly in both food delivery and quick commerce segments. The company’s consistent growth shows its ability to maintain momentum even in a highly competitive market environment.
Swiggy’s Instamart vertical has been a major growth driver, recording a ₹7,000 crore Gross Order Value (GOV) in Q2 — an increase of 24% quarter-on-quarter and 108% year-on-year. According to Nomura, this fundraising plan will help Swiggy strengthen its quick commerce expansion, support its upcoming IPO, and compete more effectively with Zepto and Blinkit in India’s fast-growing quick delivery market.
Disclaimer :
The information provided here about stocks is not investment advice. Since investing in the stock market is subject to market risks, please consult a certified investment advisor before making any investment decisions.