Swiggy raises ₹10,000cr to boost core business and Instamart growth
14 Dec 2025

Swiggy, a leading food and grocery delivery service, has successfully raised ₹10,000 crore through a Qualified Institutional Placement (QIP).

The fundraising effort saw participation from 21 mutual funds, eight domestic insurance companies, and nearly 50 global investors.

The money will be used to strengthen Swiggy's core operations and accelerate the growth of Instamart, its rapid commerce division.

QIP proceeds to be used for expanding Instamart's network
Fund allocation

The largest chunk of the QIP proceeds (₹4,475 crore) will be used to expand and run Swiggy's quick-commerce fulfillment network.

This includes dark stores and warehouses that power Instamart.

Swiggy plans to grow its fulfillment footprint from five million square feet on November 30, 2025, to about 6.7 million square feet by December 2028.

Tech and cloud infrastructure investment
Tech upgrade

Swiggy has also earmarked ₹985 crore for technology and cloud infrastructure.

The company's current cloud services agreement expires in February 2026, and it has signed a non-binding letter of intent for a proposed cloud commitment of ₹1,820 crore over six years.

This will lock in a significant forward technology spend to ensure continued growth and innovation.

Marketing and business promotion budget
Marketing spend

Swiggy has also allocated ₹2,340 crore for brand marketing and business promotion.

The company has already issued purchase orders worth ₹1,961 crore to marketing agencies for the December 2025-November 2027 period.

This indicates sustained high customer acquisition and brand-building spends over the next two years.

QIP attracts strong response from investors
Investor interest

Over 80 investors submitted bids for Swiggy's QIP, with 61 getting allocations.

More than 80% of the capital was raised from domestic investors as part of a strategy to increase domestic shareholding and transition to an inventory-led model from a marketplace arrangement.

SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF among others invested in this placement.