Swiggy Looking To Raise $1.5 Bn Via QIP For Instamart Expansion: Report

Swiggy is reportedly considering raising QIP to boost its balance sheet and accelerate quick commerce expansion

The QIP will also help the company increase its domestic shareholding as it mulls transitioning Swiggy Instamart to an inventory-led model

Swiggy is also open to raising capital independently for Instamart

Foodtech giant Swiggy is reportedly considering raising $1 Bn to $1.5 Bn via a qualified institutional placement (QIP) to boost its balance sheet and accelerate quick commerce expansion. 

Citing sources,…