Overview
- Swiggy said it can pursue the raise in one or more tranches through public or private offerings, including a qualified institutional placement, subject to shareholder and regulatory approvals.
- No securities have been issued yet, with the company indicating execution will depend on approvals and market conditions.
- CFO Rahul Bothra cited intensified investment by rivals and pointed to potential uses such as Instamart expansion and ongoing innovations.
- For Q2 FY26, Swiggy reported revenue of Rs 5,561 crore, up 54.4% year on year, alongside a wider consolidated net loss of Rs 1,092 crore.
- The company highlighted a Rs 2,400 crore cash boost from its Rapido divestment, while Nomura maintained a Buy rating and lifted its target price to Rs 560 as the stock traded above its IPO level.