Meals and grocery supply firm Swiggy stated that its board has permitted plans to lift as much as Rs 10,000 crore via certified institutional placement (QIP) or different fairness routes, as the corporate appears to strengthen its steadiness sheet and fund enlargement throughout its meals supply and quick-commerce companies.

The proposed capital increase, permitted on the firm’s board assembly on November 7, will probably be executed via a number of tranches, topic to shareholder approval. Swiggy stated the funds may very well be raised via public or non-public choices, together with fairness shares or different devices permitted beneath relevant legal guidelines.

“We want to inform that the Board of Administrators…permitted the elevating of funds by the use of public or non-public choices together with, via a number of tranches, by the use of certified establishments placement or every other permitted modes beneath relevant legal guidelines of fairness shares or via every other permissible mode to the eligible buyers as could also be permitted, for an combination quantity of as much as Rs 10,000 crore, topic to the receipt of essential approvals together with approval of the shareholders of the Firm and different regulatory / statutory approvals, as could also be required, on this regard,” Swiggy stated within the trade submitting.

Swiggy earlier said the extra funds will improve its “strategic flexibility” and help “new experiments” in meals supply and fast commerce.

For the quarter ended September 2025, Swiggy reported a consolidated net loss of Rs 1,092 crore, widening from Rs 626 crore a 12 months earlier. Working income, nonetheless, rose sharply to Rs 5,561 crore from Rs 3,601 crore in the identical interval final 12 months.

Swiggy’s plan follows an analogous transfer by rival Zomato, which raised Rs 8,500 crore through a QIP last year to bolster its capital reserves.