Swiggy to raise ₹10,000 crore via QIP next week: Report
Food delivery platform Swiggy is planning to raise $1.1 billion (nearly ₹10,000 crore) through a Qualified Institutional Placement (QIP) next week, Bloomberg reported. For this, the startup has reportedly shortlisted three banks, i.e the Indian units of Citigroup, JPMorgan Chase and Kotak Mahindra Capital. Notably, Swiggy had launched an IPO to raise around ₹11,300 crore last year.