New Delhi. Food and grocery delivery company Swiggy has completed its Qualified Institutions Placement i.e. QIP. The company has raised a total of ₹ 10000 crore i.e. about $ 1.2 billion through this route. 21 mutual funds, 8 domestic insurance companies and about 50 global investors participated in this QIP. Investor confidence in this deal was so strong that more than 80 institutions bid, out of which 61 got allotment. The special thing is that these include more than 15 new shareholders, who have become investors in Swiggy for the first time after the IPO.
From the mutual funds side, big names like SBI Mutual Fund (SBI MF), ICICI Prudential Mutual Fund (ICICI Prudential MF), HDFC Mutual Fund (HDFC MF), Nippon India Mutual Fund (Nippon India MF), Kotak Mutual Fund (Kotak MF), Mirae Mutual Fund (Mirae MF), Axis Mutual Fund (Axis MF) and Birla Mutual Fund (Birla MF) were included. Among insurance companies, ICICI Prudential Life Insurance and HDFC Life Insurance were the major investors.
Global giants also showed confidence
Leading global investors like Capital Group, Government of Singapore i.e. GIC, BlackRock, Nomura Asset Management, Temasek, Fidelity and Goldman Sachs Asset Management participated in Swiggy’s QIP. Of the total amount raised, about ₹8800 crore has come from domestic investors, while the remaining about ₹1200 crore has come from foreign institutional investors.
where will the money be spent
Swiggy will spend the largest part of the money raised from QIP, ₹4475 crore, for its quick commerce business Instamart. This includes the expansion of dark stores and warehouse networks. The company plans to increase the fulfillment area from 5 million square feet by November 2025 to 6.7 million square feet by December 2028.
Focus on technology and branding also
Swiggy has set aside ₹985 crore for technology and cloud infrastructure. The company’s existing cloud agreement is expiring in February 2026 and for this, preparations are underway for a possible long term cloud commitment of ₹ 1820 crore. Apart from this, ₹2340 crore will be spent on brand marketing and business promotion. The company has already issued marketing orders worth ₹1961 crore between December 2025 and November 2027.
Cash position strengthened further
After this funding, Swiggy’s cash balance will exceed ₹ 14000 crore, which gives it a strong position in the sector. In comparison, Eternal has cash of ₹18314 crore till Q2FY26 and Zepto has about ₹7900 crore in cash. Swiggy MD and Group CEO Sriharsha Majety says that this funding is proof of investors’ confidence in the company’s business model, financial discipline and long-term growth plan.
