Swiggy Raises Rs 10,000 Cr via QIP, Gets 11% Discount on IPO Price

Swiggy has raised Rs 10,000 crore in fresh capital through a qualified institutional placement (QIP), with the shares allocated at Rs 375 per share, an 11% discount to its closing price on Friday. The company plans to use the funds to strengthen its core businesses, scale Instamart, and invest in innovation. The fundraising comes amid heightened competition in the quick commerce segment.