New Delhi, Nov. 10 -- Swiggy has received board approval to raise up to Rs.10,000 crore through one or more tranches, including a Qualified Institutional Placement (QIP). The move gives the food-delivery and quick-commerce leader financial headroom to invest in growth, defend market share, and pursue strategic options as competition intensifies.

Swiggy's board sign-off to raise up to Rs.10,000 crore signals a defensive and opportunistic stance as India's food-delivery and quick-commerce markets evolve rapidly. The company says the funds may be raised in one or more tranches, with instruments including a Qualified Institutional Placement (QIP) - a common route for large, fast-capital raises that targets institutional investors.

The headl...