India, Oct. 30 -- Update | October 30, 16:30 IST

Foodtech major Swiggy is planning to raise up to INR 10,000 Cr via a qualified institutional placement (QIP).

In an exchange filing, the company said that its board will meet on November 7 to consider and approve a fundraise of up to INR 10,000 Cr via public or private offerings, including through one or more QIP or other modes.

The company today reported a 74.4% YoY increase in its consolidated net profit to INR 1,092 Cr in Q2 FY26. Operating revenue zoomed 54% YoY to INR 5,561 Cr during the quarter.

Original | October 30, 11:18 IST

Foodtech giant Swiggy is reportedly considering raising $1 Bn to $1.5 Bn via a qualified institutional placement (QIP) to boost its balance sheet and acce...