Swiggy Board Approves Fundraise of up to ₹100 Billion

Swiggy Ltd. said on Friday that its board has approved raising up to ₹100 billion through public or private offerings, including qualified institutional placement or other permitted routes under applicable laws.

The fundraising may be carried out in one or more tranches and will be subject to necessary approvals from shareholders, regulators, and other statutory authorities, the company said in an exchange filing.