Swiggy prepares to launch a ₹10,000 crore Qualified Institutional Placement (QIP) to bolster Instamart. The funding aims to secure the company’s position in the fierce Quick Commerce Funding War against market leader Blinkit and aggressive rival Zepto, prioritizing dark store expansion and logistics optimization.
Swiggy QIP Instamart Quick Commerce Funding War
The gloves are officially off in India’s fiercely competitive quick commerce sector. Food and grocery delivery giant Swiggy is gearing up for a massive Qualified Institutional Placement (QIP), expected to launch as early as next week, aiming to raise a colossal ₹10,000 crore (approximately $1.1 billion). This critical funding round is not merely a financial formality; it represents Swiggy’s high-stakes gamble to provide Instamart, its quick commerce arm, with the necessary firepower to contend with the aggressive expansion strategies of Zomato-owned Blinkit and high-growth rival Zepto in the ongoing Quick Commerce Funding War.
The decision, which received board approval in early November 2025, comes at a pivotal time. While Swiggy’s core food delivery business is achieving strong profitability milestones, the quick commerce arm remains a cash-guzzling necessity. The intense competitive intensity is driven by rivals who have recently raised significant capital—Zepto closed a large funding round, and Blinkit benefits from Zomato’s substantial cash reserves (estimated at over ₹18,000 crore). Swiggy needs this new capital to match the pace, particularly as reports suggest Blinkit currently commands the lion’s share of the market, with Instamart and Zepto fiercely battling for the number two position.
