Shareholder nod is an enabling provision for any company’s fundraise plans. Swiggy’s current fundraise could be launched as early as this week. At the current share price, a Rs 10,000 crore QIP would see over 10% equity dilution for Swiggy. This will be the first fundraise for Swiggy since its IPO in November 2024, when it raised around Rs 4,500 crore. By September this year, the food and grocery delivery company had burnt through more than 80% of these funds.
