Meals supply platform Swiggy is making ready to lift as much as Rs 10,000 crore from institutional traders by means of a professional institutional placement (QIP) as early as subsequent week, in response to a Bloomberg report.

The report mentioned that the corporate has shortlisted Citigroup India, JPMorgan India, and Kotak Mahindra Capital to handle the share sale.

This transfer is geared toward strengthening its money reserves and accelerating growth throughout meals supply and fast commerce at a time when competitors in India’s instantaneous commerce market is intensifying.

A QIP permits listed corporations in India to lift capital shortly from certified institutional patrons equivalent to mutual funds, banks and insurance coverage firms. Swiggy’s board had first authorized the fundraising plan in early November 2025, permitting the corporate to lift as much as Rs 10,000 crore by means of QIP and different permitted routes, topic to shareholder and regulatory approvals.

The funds are anticipated to assist a number of priorities. Swiggy plans to increase its fast commerce infrastructure, together with darkish shops and warehouses, spend money on expertise and cloud techniques, bolster buyer acquisition, step up model advertising, repay or pre-pay borrowings and probably pursue strategic acquisitions. These steps are supposed to strengthen its place in opposition to rivals like Zomato’s Blinkit and Zepto as each firms increase aggressively.

The fundraising push additionally comes at a time when Zepto not too long ago secured $450 million at a valuation of $7 billion, whereas Blinkit is aiming to scale its darkish retailer community to three,000 areas by March 2027. The tempo of growth throughout the sector has created a market setting the place deep capital reserves are more and more seen as important.