Saturday, 21 March, 2026
Swiggy Plans $1.5 Billion QIP Fundraise to Boost Quick Commerce
By Isha
Swiggy, the food and groceries delivery giant, is considering a Qualified Institutional Placement (QIP) of up to $1.5 billion to strengthen its balance sheet. This move is designed to fortify its position in the intensely competitive quick commerce market, especially after rivals like Zepto raised fresh capital. The massive fundraise may also support Swiggy's plans to shift toward an inventory-led model for better control and margins.
Read full story at Economic Times