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The latest update is out from Swiggy Limited ( (IN:SWIGGY) ).
Swiggy Limited has successfully completed a Qualified Institutions Placement (QIP) of INR 10,000 crore, marking one of the largest transactions in the Indian consumer tech space. The placement attracted significant interest from global and domestic institutional investors, reflecting strong confidence in Swiggy’s business model and growth potential. The funds raised will be used to expand Swiggy’s quick commerce fulfillment network, invest in technology and cloud infrastructure, enhance brand visibility, and support potential acquisitions, thereby strengthening its market position and operational capabilities.
More about Swiggy Limited
Swiggy Limited, formerly known as Swiggy Private Limited and Bundl Technologies Private Limited, operates in the consumer tech industry, primarily focusing on food delivery and quick commerce services. The company is headquartered in Bengaluru, India, and is recognized for its innovative approach to delivering convenience through its core businesses and Instamart service.
Average Trading Volume: 494,143
Technical Sentiment Signal: Strong Sell
Current Market Cap: 1039.1B INR
For an in-depth examination of SWIGGY stock, go to TipRanks’ Overview page.