Swiggy shares jump 4% after shareholders approve ₹10,000 crore QIP

Shares of Swiggy surged nearly 4% in intraday trade on Tuesday after the online food ordering and delivery company received shareholder approval for a fundraise. The quick-commerce platform plans to raise up to ₹10,000 crore via a qualified institutional placement (QIP).

Snapping a two-session losing streak, Swiggy shares climbed as much as 3.6% to ₹399.90 on the BSE. The stock finally settled at ₹397.30, up 2.97%, with a market capitalisation of ₹99,072.6 crore.

Swiggy shares hit a 52-week high of ₹617 on December 23, 2024, and a 52-week low of ₹297 on May 13, 2025. The counter has risen nearly 35% over the past seven months, rebounding from its 52-week low, but remains 35% below its peak. The stock has lost nearly 26% over the past year, while gaining 9% in six months and almost 3% over the past month.

In an exchange filing last evening, the food delivery aggregator said its shareholders have approved raising up to ₹10,000 crore via QIP. The approval, granted through a special resolution, was secured via video conferencing during the company’s first extraordinary general meeting (EGM) for the ongoing financial year (FY26).

“We would like to inform that the resolution as set out in the notice dated November 14, 2025, was passed by the shareholders with the requisite majority,” the filing noted.

As per the release, 99.47% of votes were cast in favour of the resolution approving the fundraise, while only 0.52% were against.

The company plans to raise capital through the issuance of equity shares for an amount not exceeding ₹10,000 crore, in one or more tranches.

On October 30, 2025, Swiggy had announced that its board would meet on November 7 to consider a proposal to raise up to ₹10,000 crore through various funding options. The board, in its meeting on November 7, subsequently approved the fundraising proposal.

Swiggy’s financial performance remains under pressure, with its net loss widening 74.4% year-on-year to ₹1,092 crore in the second quarter (Q2) of FY26, compared to a loss of ₹626 crore in the corresponding period last year. The Bengaluru-based company had reported a ₹1,197 crore loss in the previous quarter, as accelerated expansion in its quick-commerce arm, Instamart, weighed on profitability.

Meanwhile, revenue from operations jumped 54.4% YoY to ₹5,561 crore in Q2, up from ₹3,601 crore in the same quarter last year, and higher than the ₹4,961 crore reported in the preceding quarter.

In September this year, Swiggy raised ₹2,399 crore by selling its entire 12% stake in Rapido to Prosus and Westbridge Capital, in a bid to bolster its cash reserves amid intensifying competition.

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