New Delhi, Nov. 9 -- The founder of First Global Devina Mehra raised questions over Swiggy's recent funding needs following the company's initial public offering, noting its struggle with losses and frequent capital needs. She pointed out that the food delivery giant raised Rs.4,500 crore in IPO, yet now it wants Rs.10,000 crore more.

In a post on the social media platform X, Devina Mehra wrote, "Swiggy management has just discovered that it is an environment which is 'competitive and dynamic'... And hence surprise surprise it needs more money. It had an IPO almost exactly a year ago where about Rs. 4500 crores came into the company and there was an offer for sale for Rs. 6800 crores plus. Now it needs 10,000 crores more!!"

Mehra's reac...