While discussions with potential investors are still at an early stage, the size of the proposed Swiggy QIP, currently at $1 billion, could go up to as high as $1.5 billion, said another person aware of the fundraising. If the placement goes through, Swiggy will be able to increase its domestic shareholding as it considers transitioning to an inventory-led model.While discussions with potential investors are still at an early stage, the size of the proposed Swiggy QIP, currently at $1 billion, could go up to as high as $1.5 billion, said another person aware of the fundraising. If the placement goes through, Swiggy will be able to increase its domestic shareholding as it considers transitioning to an inventory-led model.
Swiggy mulls up to $1.5 billion fundraise for balance sheet boost
