Swiggy is gearing up for a massive Rs 10,000 crore fundraise through a Qualified Institutional Placement (QIP) or other routes. (Source: Swiggy) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Swiggy, the Bengaluru-based food delivery giant, is gearing up for a massive Rs 10,000 crore fundraise through a Qualified Institutional Placement (QIP) or other routes, as it faces fierce competition in the quick commerce space from close rivals like Blinkit and Zepto.

“We have seen continued heightened investments in the sector. Both legacy and new players continue to attract more and more investments. And we therefore want to have the flexibility to raise this growth capital,” said Rahul Bothra, Chief Financial Officer (CFO) at Swiggy, in an interview with NDTV Profit on Friday

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