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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Investment in Scootsy for debt repayment
Investment in the company's material subsidiary Scootsy for the repayment or prepayment of certain of its borrowings.
Dark store network expansion for quick commerce
Funding the expansion of the Instamart dark store network to support quick commerce growth.
Technology and cloud infrastructure investment
Investment in technology and cloud infrastructure to support the company's platforms.
Brand marketing and business promotion
Funding brand marketing and business promotion activities.
Inorganic growth and general corporate purposes
Funding potential inorganic growth opportunities and general corporate purposes.
(₹ in Crore)
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Swiggy Limited operates a consumer technology platform in India, best known for on-demand food delivery through its Swiggy app. The platform also runs Instamart, a quick commerce grocery and household goods delivery service, alongside Swiggy Genie for on-demand pickup and delivery, and Swiggy Minis for smaller merchant storefronts. Beyond the consumer-facing app, the company provides supply chain, warehousing, and distribution services to restaurants, wholesalers, and retailers. Founded in 2014 and headquartered in Bengaluru, Swiggy has grown into one of India's largest food delivery and quick commerce businesses, expanding its Instamart dark store network to several hundred stores across dozens of cities by the time of its IPO. The company has been recognized as one of the most valuable consumer technology brands in India, reflecting its broad market presence and brand recall. Swiggy operates in a highly competitive Indian food delivery and quick commerce market, alongside other large platforms. Like many growth-stage internet businesses, the company has reported losses in each of its recent fiscal years while investing heavily in expanding its Instamart network and technology infrastructure, with the IPO proceeds earmarked mainly for scaling those newer businesses rather than for existing shareholders exiting their stake, since the offering combined both a fresh issue and an offer for sale.
Promoter Name is not available
The company raised approximately Rs 5,085.02 crore from anchor investors ahead of the issue opening, at the IPO's upper price band of Rs 390 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 PM
Leading position in food delivery and quick commerce
Swiggy holds a leading position in India's food delivery market and has built a large, fast-growing Instamart quick commerce network alongside it.
Strong brand recognition
The company has been recognized as one of India's most valuable consumer technology brands, supporting continued customer acquisition and retention.
Diversified platform model
Beyond food delivery, the company has expanded into quick commerce, on-demand pickup and delivery, and supply chain and distribution services for merchants.
Large and expanding operational footprint
The company operates across hundreds of Indian cities with an expanding network of dark stores supporting its quick commerce business.
History of losses
The company has reported net losses in each of its recent fiscal years and has not yet demonstrated sustained profitability.
Intense competition
It competes with other large, well-funded platforms in both food delivery and quick commerce, which could pressure margins and growth.
Execution risk in quick commerce expansion
Continued investment in expanding the Instamart dark store network carries execution and capital risk before the segment matures.
Swiggy Limited
Sumadhura Capitol Towers, 3rd-6th Floor, Tower 1, Sy. No. 14 & 158, Pattanduru Agrahara, K R Puram Hobli, Bengaluru East Taluk, Bengaluru, Karnataka 560066
View on Maps →MUFG Intime India Private Limited
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Valuation risk given ongoing losses
Given the company's current lack of profitability, its valuation depends heavily on future growth and margin improvement rather than current earnings.