Swiggy’s Board Approves INR 10,000 Cr Fundraise

Swiggy’s board has approved the company’s plan to raise INR 10,000 Cr (about $1.1 Bn) in funding via a mix of public or private market issuances

The fundraise may be carried out in one or more tranches, including via a qualified institutions placement (QIP) or any other method allowed under Indian regulations

Swiggy’s fundraise plan is yet to be approved by its shareholders. The company would be conducting an EGM to seek shareholder approval soon. 

Foodtech major…