Food and grocery delivery company Swiggy said on Thursday that its board will meet on November 7 to consider a fundraise of Rs 10,000 crore ($1.1 billion) through a qualified institutional placement (QIP), according to a filing with the…
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Swiggy board to meet on November 7 to consider Rs 10,000 crore fundraise via QIP
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Synopsis
Swiggy will hold a board meeting on November 7 to discuss raising Rs 10,000 crore ($1.1 billion) via a qualified institutional placement (QIP). The Bengaluru-based firm said the move aims to boost strategic flexibility and stay competitive, even though it remains well-funded for its current growth plans.
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